Knoxville, TN is an area with a high median housing value of $223,300. This is significantly less than the US median housing value of $338,100. However, the 1 year house appreciation rate in Knoxville is 19.70%, which is much higher than the US 1 year house appreciation rate of 8.27%. This indicates that housing in Knoxville is becoming more valuable and desirable over time, making it an attractive place to invest in real estate.
The median home cost in Knoxville (zip 37917) is $223,300. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37917) is up 24.7%.
Average Age of Homes
- The median age of Knoxville (zip 37917) real estate is 65 years old
The Rental Market in Knoxville (zip 37917)
- Renters make up 47.3% of the Knoxville (zip 37917) population
- 2.3% of houses and apartments in Knoxville (zip 37917), 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.