Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$363,018+1.9% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$78,695About 1.1× the local median income ($74,079): a stretch for a typical household
Days on market62 daysAbout the same pace as a year ago
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Knoxville, TN is worth $363,018, up 1.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $298,326, so the area is 21.7% overvalued. It is a buyer's market: homes take about 62 days to sell, listings are up 12% 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 $78,695 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 $74,079. Typical rent is $1,725 a month, or $2,055 for a house. In the latest IRS figures, 8,774 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
$363,018
Change in 1 year
+1.9%
Overvalued %
+21.7%
Show 7 more
Fair home value
$298,326
Change in 5 years
+39.5%
Zillow forecast, next 12 months
+2.1%
Home value to income
4.9×
Monthly mortgage payment (20% down)
$1,967
Income needed to afford it
$78,695
Property tax rate
0.44%
Rent and investing
Typical rent
$1,725
Typical rent for houses
$2,055
Price-to-rent ratio
17.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,406
Gross rental yield
5.70%
Cap rate (estimate)
3.71%
Market activity
Listings vs a year ago
+11.6%
Days on market
62
Listings with a price cut
26.9%
Show 3 more
Homes for sale
3,984
Pending sales per 100 listings
39
Asking price per sq ft
$234
People and jobs
Median household income
$74,079
Population change (1 year)
+0.9%
Unemployment rate
3.7%
Show 4 more
Population
968,137
Income adjusted for cost of living
$79,999
Net moves in (IRS)
+8,774
Cost of living (US = 100)
92.6
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
78.1
Unhealthy air days a year
1
Show 4 more
Flood risk score
80.3
Wildfire risk score
61.1
Walkability (1 to 20)
7.0
Road, rail and air noise
54 dB
Questions people ask
Is Knoxville, TN overvalued?
Home prices in Knoxville, TN are well above what local incomes have historically supported: fair value is about $298,326, so the area is 21.7% overvalued.
Is Knoxville, TN a buyer's or seller's market?
Knoxville, TN is a buyer's market: homes take about 62 days to sell, listings are up 12% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Knoxville, TN?
Home values in Knoxville, TN are up 1.9% 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 Knoxville, TN?
A household needs about $78,695 a year to afford the typical home in Knoxville, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,079.