The housing market in Knoxville, Tennessee is thriving. According to recent statistics, the median value of homes in this area is $235,600, which is significantly lower than the US average of $338,100. What's more impressive is that over the past year, house appreciation in this area has been 19.70%, much higher than the US average of 8.27%. This indicates that investing in real estate in Knoxville may be an especially lucrative decision right now.
The median home cost in Knoxville (zip 37912) is $235,600. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37912) is up 24.7%.
Average Age of Homes
- The median age of Knoxville (zip 37912) real estate is 39 years old
The Rental Market in Knoxville (zip 37912)
- Renters make up 46.3% of the Knoxville (zip 37912) population
- 3.7% of houses and apartments in Knoxville (zip 37912), 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.