Home Price Key
Affordable
Average
Expensive
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 $221,783, higher than the Tennessee average of $218,916.
The average cost of rent is $974/mo in Knoxville, primarily driven by the current value of real estate in the Knoxville area. While nearly 43.14% of residents own their homes outright in Knoxville, 27.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Knoxville is $5,804 per month. Households that rent pay about 16.78% of their income on rent here. Knoxville's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Powell, TN: less expensive homes
- Louisville, TN: higher priced homes
- Edgemoor, TN: higher priced homes
- Rockford, TN: less expensive homes
- Clinton, TN: less expensive homes
- Farragut, TN: higher priced homes
- Seymour, TN: less expensive homes
- Oak Ridge, TN: equally priced homes
- Mascot, TN: less expensive homes
- Strawberry Plains, TN: less expensive homes
Cities with Similar Populations
- Macon, GA: less expensive homes
- Lubbock, TX: less expensive homes
- Macomb, MI: higher priced homes
- Lacey, WA: higher priced homes
- Kissimmee, FL: equally priced homes
- Kent, WA: higher priced homes
- Leander, TX: higher priced homes
- Largo, FL: less expensive homes
- Laredo, TX: less expensive homes
- Lansing, MI: less expensive homes
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