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

$113,600

  • 4.2% 1-year change
  • 1.7% 1-year forecast

The median home value in Knoxville is $113,600. Knoxville home values have gone up 4.2% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Knoxville is $99, which is lower than the Knoxville Metro average of $104. The median price of homes currently listed in Knoxville is $134,900 while the median price of homes that sold is $146,410. The median rent price in Knoxville is $808, which is lower than the Knoxville Metro median of $889.

Foreclosures will be a factor impacting home values in the next several years. In Knoxville 2.6 homes are foreclosed (per 10,000). This is greater than the Knoxville Metro value of 1.8 and also lower than the national value of 4.3

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 3.1%, 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 15.4%, which is higher than Knoxville Metro at 14.7%.

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Relative ZHVI
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Knoxville Market Overview

Data through Aug 31, 2014
  • $113,600 ZHVI
  • 1.7% 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
    (Aug 31, 2015)
  • $134,900 Median listing price
  • No recent data Median sale price
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Knoxville Market Health

Data through Aug 31, 2014
  • 4.0/10 Less 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.
  • No data Average days on Zillow
  • 15.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.6 homes(Jul 31, 2014) Knoxville
1.8 homes Knoxville Metro
4.3 homes United States
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Neighborhoods in Knoxville

Name Median ZHVI
Downtown Knoxville $239,600
Fort Sanders $147,700
Old North Knoxville $89,300
Name Median ZHVI
Oakwood $73,100
South Knoxville $71,800
Parkridge $71,000
Name Median ZHVI
Belle Morris $64,500
Mechanicsville $63,800
Beaumont $55,900

Listings & Sales

Data through Aug 31, 2014
  • $99 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 44.2% Listings with price cut
22.6%
Sold below listing
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Knoxville Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $931 Knoxville
    $1,020 Knoxville Metro
    $1,328 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)
  • $808 Rent list price
  • $0.80 Rent list price / sq ft
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