The housing market in Knoxville, TN (37915) is currently very strong. The median house value in the area is $166,700, which is significantly lower than the US median of $338,100. However, the 1-year house appreciation rate for this area is 19.70%, which is well above the US average of 8.27%. This indicates that the housing market in Knoxville has been growing at a much faster rate than the national average and could be a great option for those looking to invest in real estate.
The median home cost in Knoxville (zip 37915) is $166,700. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37915) is up 24.7%.
Average Age of Homes
- The median age of Knoxville (zip 37915) real estate is 43 years old
The Rental Market in Knoxville (zip 37915)
- Renters make up 77.2% of the Knoxville (zip 37915) population
- 11.1% of houses and apartments in Knoxville (zip 37915), 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.