The housing in Knoxville, TN (37920) is significantly more expensive than the national median house value of $338,100. The median house value in Knoxville is $248,000, nearly a 27% difference. Additionally, the 1-year appreciation rate for housing in Knoxville is 19.7%, which is substantially higher than the US average of 8.27%. This indicates that housing in Knoxville is a highly desirable and sought after market, likely due to the city's excellent schools and close proximity to other major Tennessee cities.
The median home cost in Knoxville (zip 37920) is $248,000. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37920) is up 24.7%.
Average Age of Homes
- The median age of Knoxville (zip 37920) real estate is 45 years old
The Rental Market in Knoxville (zip 37920)
- Renters make up 31.9% of the Knoxville (zip 37920) population
- 1.9% of houses and apartments in Knoxville (zip 37920), 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.