Knoxville
Tennessee · Ranked #286 of 373 metros
55Moderate
💡
Housing in Knoxville costs 4.59× the median income, above the national average of 4.5×. The median home price is $321K and median rent is $1,170/month. Knoxville ranks #286 of 373 metros for affordability.
Median Home Price
🏠$321K
Need $92K income
Median Rent
🔑$1,170
Need $50K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨6,946
annual
Median Income
💰$70K
Pop: 886,838
Rent Burden
⚠️31.0%
of renters paying >30%
Price Change (YoY)
📈+5%
Homeownership
🏡71.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Knoxville | National |
|---|---|---|
| Price-to-Income Ratio | 4.59x | 6.1x |
| Rent Burden | 31.0% | 31.5% |
| Homeownership Rate | 71.0% | 65.5% |
| YoY Price Change | +5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 13.5% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +93%Since 2000: +254.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,177/mo
1 Bedroom$1,184/mo
2 Bedroom$1,471/mo
3 Bedroom$1,864/mo
4 Bedroom$2,172/mo
Zillow Market Data
Home Value (ZHVI)
$355K
1yr: +1.0%5yr: +56.2%
Rent (ZORI)
$1,716/mo
1yr: +0.8%5yr: +47.9%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$414K
Active Inventory
48
Days on Market
98
Sold Above List
0.0%
Price Drops
43.8%