Knoxville housing market
Typical home value
$363K
▲ 1.9% 1 yr
Typical rent
$1,725/mo
▲ 1.4% 1 yr
12-month forecast
+2.1%
#254 of 546 metros
Gross rent yield
5.7%
#306 of 546 · U.S. 6.3%
Days to pending
53 days
▲ +2 days 1 yr
Listings with a price cut
32%
▼ −1.3 pts 1 yr
Key takeaways
- 1The typical home is worth $363,018, up 1.9% in a year and up 39% over five years.
- 2Zillow forecasts home values rising 2.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,725/mo (+1.4% YoY), a 5.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,995/mo in principal and interest, $270 more than renting.
- 5Homes go under contract in 53 days (+2 days vs last year); 32% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Knoxville compares
| Measure | Knoxville | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.9% | +1.2% | #294 |
| Home value, 5-yr change | +39.5% | +19.7% | |
| 12-month forecast | +2.1% | +1.1% | #254 |
| Rent, 1-yr change | +1.4% | +2.7% | #455 |
| Gross rent yield | 5.7% | 6.3% | #306 |
| Price-to-rent ratio | 17.5 | 15.8 | |
| Mortgage P&I on typical home | $1,995 | $2,012 | |
| Income needed to buy | $91,328 | $100,902 | |
| Days to pending | 53 | 56 |
Cities in the Knoxville metro
6 cities with home value and rent data.
| Knoxville | $369K | ▲ 1.0% | $1,701 | ▲ 0.6% | 5.5% |
| Maryville | $393K | ▲ 2.6% | $1,890 | ▲ 1.0% | 5.8% |
| Oak Ridge | $325K | ▲ 1.7% | $1,622 | ▲ 4.2% | 6.0% |
| Lenoir City | $419K | ▲ 2.4% | $1,828 | ▲ 5.4% | 5.2% |
| Farragut | $689K | ▲ 1.7% | $1,940 | ▲ 0.7% | 3.4% |
| Alcoa | $320K | ▲ 2.5% | $1,695 | ▲ 2.4% | 6.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Knoxville rental ($363K, $1,725/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Knoxville home.
Rent vs buy
Is it cheaper to rent or buy in Knoxville?
Other Tennessee metros
Nashville, TN
$449K home$1,803 rent4.8% yield
▼ 0.5% 1 yr
Memphis, TN
$242K home$1,393 rent6.9% yield
▲ 0.1% 1 yr
Chattanooga, TN
$319K home$1,509 rent5.7% yield
▼ 0.3% 1 yr
Clarksville, TN
$289K home$1,343 rent5.6% yield
▲ 0.2% 1 yr
Kingsport, TN
$243K home$1,330 rent6.6% yield
▲ 1.1% 1 yr
Johnson City, TN
$280K home$1,488 rent6.4% yield
▲ 1.4% 1 yr
Jackson, TN
$202K home$1,393 rent8.3% yield
▲ 0.7% 1 yr
Morristown, TN
$297K home$1,560 rent6.3% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.