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These days, finding an affordable place to live in the South Knoxville area can be challenging. Home prices in South Knoxville are now at a median cost of $195,482, lower than the Knoxville average of $307,134.
The average cost of rent is $1,359/mo in South Knoxville, primarily driven by the current value of real estate in the South Knoxville area. In South Knoxville, 65.69% of households rent, and 32.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Knoxville is $4,582 per month. Households that rent pay about 29.65% of their income on rent here. South Knoxville’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Mornngside, Knoxville, TN: higher priced homes
- Fort Sanders, Knoxville, TN: higher priced homes
- Park City, Knoxville, TN: less expensive homes
- Oakwood, Knoxville, TN: higher priced homes
- Historic Montford, Asheville, NC: higher priced homes
- Oakley, Asheville, NC: higher priced homes
- Douglas, Elizabethton, TN: less expensive homes
- Downtown Boone, Boone, NC: higher priced homes
- Four Corners, Antioch, TN: higher priced homes
- Nashboro Village, Nashville, TN: higher priced homes
Neighborhoods with Similar Populations
- Drake, Des Moines, IA: equally priced homes
- Shenandoah, Aurora, CO: higher priced homes
- Seventh Ward, New Orleans, LA: higher priced homes
- Fenton Area, Fenton, MO: higher priced homes
- Falls of Neuse, Raleigh, NC: higher priced homes
- Fairlington-Shirlington, Arlington, VA: higher priced homes
- Everett Mall South, Everett, WA: higher priced homes
- Estlake Greens, Chula Vista, CA: higher priced homes
- Englewood Park, Orlando, FL: higher priced homes
- Energy Corridor, Houston, TX: higher priced homes
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