Zip 37938 (Knoxville, TN) Housing

Knoxville, TN has a median housing value of $315,800, which is lower than the national median value of $338,100. In the past year, the appreciation rate of houses in Knoxville has been 19.70%, much higher than the national average of 8.27%. This makes investing in real estate in the area an attractive proposition for those looking to get into the market. With a strong appreciation rate and a lower median housing value than the national average, Knoxville makes for an excellent place to invest in housing.

The median home cost in Knoxville (zip 37938) is $315,800. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Knoxville (zip 37938) is up 24.7%.

Average Age of Homes

- The median age of Knoxville (zip 37938) real estate is 26 years old

The Rental Market in Knoxville (zip 37938)

- Renters make up 13.1% of the Knoxville (zip 37938) population
- 0.2% of houses and apartments in Knoxville (zip 37938), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Knoxville, Tennessee	United States
	7,061.0	139,647,020.0
	30	42
	$315,800	$338,100
	24.7%	16.6%
	82.5%	57.0%
	116.9%	101.1%
	$4.85	$10.98
	$1,053	$2,690
	84.1%	57.4%
	5.7%	11.2%
	10.2%	31.4%
Vacant Housing
	0.2%	1.9%
	0.5%	0.4%
	1.3%	0.7%
	0.5%	0.4%
	0.5%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	1.4%	2.4%
	2.0%	2.8%
	1.0%	3.9%
	3.0%	4.5%
	10.5%	11.3%
	24.4%	13.0%
	30.7%	20.1%
	17.2%	13.6%
	5.4%	8.3%
	2.7%	9.7%
	0.4%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.9%	0.2%
	22.3%	13.6%
	22.3%	13.6%
	23.3%	13.6%
	14.8%	13.2%
	15.9%	14.8%
	23.3%	13.6%
	3.1%	10.0%
	3.2%	4.7%
	2.9%	12.2%

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