Knoxville, TN housing market
Typical home value
$369K
▲ 1.0% 1 yr
Typical rent
$1,701/mo
▲ 0.6% 1 yr
Gross rent yield
5.5%
U.S. 6.3%
5-year home value change
+42%
U.S. +20%
Key takeaways
- 1The typical home in Knoxville is worth $368,965, up 1.0% over the past year and up 42% over five years.
- 2Typical rent is $1,701 a month (+0.6% YoY), a gross rent yield of 5.5% (below the Knoxville, TN metro's 5.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,028/mo, $327 more than typical rent.
- 4Zillow forecasts the Knoxville, TN metro's home values to change +2.1% over the next 12 months.
Market temperature (Knoxville, TN metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 30/100, #437 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Knoxville compares
| Measure | Knoxville | Knoxville, TN metro | United States |
|---|---|---|---|
| Typical home value | $368,965 | $363,018 | $366,157 |
| Home value, 1-yr change | +1.0% | +1.9% | +1.2% |
| Typical rent | $1,701 | $1,725 | $1,932 |
| Rent, 1-yr change | +0.6% | +1.4% | +2.7% |
| Gross rent yield | 5.5% | 5.7% | 6.3% |
| Price-to-rent ratio | 18.1 | 17.5 | 15.8 |
| Mortgage P&I, typical home | $2,028 | $1,995 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Knoxville rental, pre-filled.
Rent vs buy in Knoxville
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $369K home.
Other cities in the Knoxville, TN metro
Maryville, TN
$393K home$1,890 rent
▲ 2.6% 1 yr
Oak Ridge, TN
$325K home$1,622 rent
▲ 1.7% 1 yr
Lenoir City, TN
$419K home$1,828 rent
▲ 2.4% 1 yr
Farragut, TN
$689K home$1,940 rent
▲ 1.7% 1 yr
Alcoa, TN
$320K home$1,695 rent
▲ 2.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.