Knox County
Tennessee · Pop. 493,494
Ranked #68 of 200 counties
48Moderate
Median Home Price
🏠$310K
4.2% YoY
Median Rent
🔑$1,300
Median Income
💰$56K
Rent Burden
📊30.0%
% of income to rent
Housing Shortage
🏗️10,000
estimated unit deficit
Building Permits (2024)
📋4,800
Price-to-Income Ratio
⚖️5.5x
Homeownership Rate
🏡61.0%
How Knox County Compares
| Metric | Knox County | Tennessee | National |
|---|---|---|---|
| Home Price | $310K | $307K | $410K |
| Rent | $1,300 | $1,214 | $1,500 |
| Income | $56K | $68K | $75K |
| Rent Burden | 30.0% | 30.5% | 30.0% |
| Homeownership | 61.0% | 67.0% | 65.0% |
Key Takeaways
- • Home prices are 24% below the national average.
- • Rent is 13% below the national average.
- • The county has an estimated housing shortage of 10,000 units.
- • 4,800 building permits were issued in 2024.
- • Year-over-year home prices changed by 4.2%.