Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$376,337+1.2% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$81,582About 1.1× the local median income ($75,465): a stretch for a typical household
Days on market60 daysAbout the same pace as a year ago
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Knox County, TN is worth $376,337, up 1.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $306,316, so the area is 22.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 60 days to sell, listings are up 15% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 2.1% over the next year. A household needs about $81,582 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,465. Typical rent is $1,729 a month, or $2,059 for a house. In the latest IRS figures, 2,515 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$376,337
Change in 1 year
+1.2%
Overvalued %
+22.9%
Show 7 more
Fair home value
$306,316
Change in 5 years
+41.9%
Zillow forecast, next 12 months
+2.1%
Home value to income
5.0×
Monthly mortgage payment (20% down)
$2,040
Income needed to afford it
$81,582
Property tax rate
0.43%
Rent and investing
Typical rent
$1,729
Typical rent for houses
$2,059
Price-to-rent ratio
18.1×
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HUD Fair Market Rent, 2 bedrooms
$1,475
Gross rental yield
5.51%
Cap rate (estimate)
3.58%
Market activity
Listings vs a year ago
+15.0%
Days on market
60
Listings with a price cut
27.4%
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Homes for sale
2,032
Pending sales per 100 listings
44
Asking price per sq ft
$233
People and jobs
Median household income
$75,465
Population change (1 year)
+0.8%
Unemployment rate
3.5%
Show 4 more
Population
511,453
Income adjusted for cost of living
$81,496
Net moves in (IRS)
+2,515
Cost of living (US = 100)
92.6
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
92.1
Unhealthy air days a year
1
Show 4 more
Flood risk score
92.8
Wildfire risk score
63.0
Walkability (1 to 20)
8.5
Road, rail and air noise
54 dB
Questions people ask
Is Knox County, TN overvalued?
Home prices in Knox County, TN are well above what local incomes have historically supported: fair value is about $306,316, so the area is 22.9% overvalued.
Is Knox County, TN a buyer's or seller's market?
Knox County, TN is a balanced market, leaning toward buyers: homes take about 60 days to sell, listings are up 15% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Knox County, TN?
Home values in Knox County, TN are up 1.2% over the last year. Zillow's forecast for the next 12 months is +2.1%.
How much do you need to earn to buy a home in Knox County, TN?
A household needs about $81,582 a year to afford the typical home in Knox County, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,465.