The housing market in Knoxville, TN (37918) is booming. The median value of homes in the area is $274,100, which is significantly lower than the US median home value of $338,100. Additionally, over the past year in Knoxville, house appreciation has been much higher than the national average at 19.70%, while the US rate of house appreciation was 8.27%. This means that home values are increasing very quickly and making it a great time to invest or buy a home in this area.
The median home cost in Knoxville (zip 37918) is $274,100. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37918) is up 24.7%.
Average Age of Homes
- The median age of Knoxville (zip 37918) real estate is 37 years old
The Rental Market in Knoxville (zip 37918)
- Renters make up 27.6% of the Knoxville (zip 37918) population
- 1.1% of houses and apartments in Knoxville (zip 37918), 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.