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These days, finding an affordable place to live in the Knoxville area can be challenging. Home prices in Knoxville are now at a median cost of $119,072, lower than the Mississippi average of $183,008.
The average cost of rent is $443/mo in Knoxville, primarily driven by the current value of real estate in the Knoxville area. In Knoxville, 34.74% of households rent, and 79.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Knoxville is $4,534 per month. Households that rent pay about 9.77% of their income on rent here. Knoxville’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- White Apple, MS: equally priced homes
- Garden City, MS: equally priced homes
- Roxie, MS: less expensive homes
- Perrytown, MS: less expensive homes
- Rosetta, MS: less expensive homes
- Leesdale, MS: equally priced homes
- Darrington, MS: less expensive homes
- Homochitto, MS: less expensive homes
- Kirby, MS: less expensive homes
- Hamburg, MS: equally priced homes
Cities with Similar Populations
- Venice, LA: less expensive homes
- Danner, OR: higher priced homes
- Deans, TN: higher priced homes
- Umber, MO: higher priced homes
- Unionvale, OH: equally priced homes
- Upper Mongaup, NY: higher priced homes
- Vale, TN: equally priced homes
- Vallecitos, NM: higher priced homes
- Van Buren, MS: higher priced homes
- Van Wert, GA: higher priced homes
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