Knoxville Metro Area, TN Housing

The housing market in Knoxville, TN Metro Area is thriving. The median value of homes in the area is $301,600, which is lower than the US median of $338,100. Despite the lower median value, the 1 year appreciation rate for homes in Knoxville has been very impressive at 16.99%, far outpacing the national rate of 8.27%. This booming economy and strong appreciation rate make buying a home in the Knoxville Metro Area an attractive option for current and potential homeowners.

The median home cost in Knoxville Metro Area is $301,600. Home appreciation the last 10 years has been 113.6%. Home Appreciation in Knoxville Metro Area is up 25.4%.

Average Age of Homes

- The median age of Knoxville Metro Area real estate is 35 years old

The Rental Market in Knoxville Metro Area

- Renters make up 27.7% of the Knoxville Metro Area population
- 1.6% of houses and apartments in Knoxville Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Knoxville, Tennessee	United States
	391,582.0	139,647,020.0
	38	42
	$301,600	$338,100
	25.4%	16.6%
	84.2%	57.0%
	113.6%	101.1%
	$5.97	$10.98
	$1,161	$2,690
	61.8%	57.4%
	10.8%	11.2%
	27.4%	31.4%
Vacant Housing
	1.6%	1.9%
	0.5%	0.4%
	0.9%	0.7%
	0.3%	0.4%
	2.2%	3.6%
	5.2%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	2.1%	2.4%
	2.9%	2.8%
	4.4%	3.9%
	5.8%	4.5%
	16.2%	11.3%
	17.9%	13.0%
	23.7%	20.1%
	11.0%	13.6%
	5.6%	8.3%
	5.1%	9.7%
	1.5%	3.9%
	0.8%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	15.6%	13.6%
	15.6%	13.6%
	17.2%	13.6%
	13.5%	13.2%
	15.0%	14.8%
	17.2%	13.6%
	8.7%	10.0%
	5.8%	4.7%
	6.5%	12.2%

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Kay · Knoxville, TN

Knoxville is a best kept secret that we love~

Over 3 years ago

Great schools, friendly people, great shopping, many community activities, fun downtown area, within 8 hours of most places you would want to visit...... The beautiful More

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