Knoxville, TN is a vibrant city with much to offer. The housing median value in Knoxville is $346,400, which is slightly higher than the US house median value of $338,100. In the last year, the US housing appreciation has been 8.27%, but in Knoxville it has been even higher at 19.70%. This shows that Knoxville is an attractive and popular place to buy a home as it offers more appreciation than the national average. Many families and individuals are attracted to this area due to its affordability and potential for financial growth through increased property values.
The median home cost in Knoxville (zip 37923) is $346,400. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37923) is up 24.7%.
Average Age of Homes
- The median age of Knoxville (zip 37923) real estate is 33 years old
The Rental Market in Knoxville (zip 37923)
- Renters make up 38.8% of the Knoxville (zip 37923) population
- 2.6% of houses and apartments in Knoxville (zip 37923), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.