Home Values

Knoxville Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Knoxville is $108,000 while the median price of homes that sold is $88,950.

Foreclosures will be a factor impacting home values in the next several years. In Knoxville 1.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Knoxville is 3.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Knoxville homeowners underwater on their mortgage is 18.4%.

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Relative ZHVI
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Knoxville Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $108,000 Median listing price
  • $88,950 Median sale price (Sep 30, 2014)
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Knoxville Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 18.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Pella $182,800
Pleasantville $160,900
Lacona $150,700

Listings & Sales

Data through Oct 31, 2014
  • $81 Median list price / sq ft (Sep 30, 2014)
  • No recent data Median sale price / sq ft
  • 39.1% Listings with price cut
11.0%
Sold below listing
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Knoxville Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $989 Knoxville
    $1,036 Pella Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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