Home Values

Knoxville Metro 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

$136,800

  • 4.3% 1-year change
  • 3.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Knoxville Metro is $136,800. Knoxville Metro home values have gone up 4.3% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Knoxville Metro is None. The median rent price in Knoxville Metro is $875, which is lower than the Tennessee median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Knoxville Metro 2.9 homes are foreclosed (per 10,000). This is lower than the national value of 3.0

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 Metro is 2.8%, which is lower than the national value of 6.3%. 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 Metro homeowners underwater on their mortgage is 15.5%.

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Relative ZHVI
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Knoxville Metro Market Overview

Data through Mar 31, 2015
  • $136,800 ZHVI
  • 3.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $127,050 Median sale price
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Knoxville Metro Market Health

Data through Mar 31, 2015
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • 140 Average days on Zillow (Feb 28, 2015)
  • 15.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.9 homes Knoxville Metro
3 homes United States
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Cities in Knoxville Metro

Name Median ZHVI
Farragut $297,000
Powell $141,400
Seymour $139,200
Name Median ZHVI
Maryville $129,700
Clinton $127,300
Loudon $118,700
Name Median ZHVI
Oak Ridge $115,800
Knoxville $111,900
Strawberry Plains $110,700

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $90 Median sale price / sq ft
  • No data Listings with price cut
22.9%
Sold below listing
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Knoxville Metro Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,089 Knoxville Metro
    $1,059 Tennessee
    $1,362 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $875 Rent list price
  • $0.80 Rent list price / sq ft
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