The housing market in Knoxville, TN (37916) is currently thriving. According to the data, the median value of a house in this area is $303,100 - significantly lower than the national median of $338,100. However, what makes the housing market here particularly attractive is its year-over-year appreciation rate: 19.70% compared to 8.27% nationally. This accelerated rate of appreciation suggests that buying a home here could be an excellent investment opportunity for those looking for both financial security and quality living.
The median home cost in Knoxville (zip 37916) is $303,100. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37916) is up 24.7%.
Average Age of Homes
- The median age of Knoxville (zip 37916) real estate is 37 years old
The Rental Market in Knoxville (zip 37916)
- Renters make up 82.3% of the Knoxville (zip 37916) population
- 6.9% of houses and apartments in Knoxville (zip 37916), 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.