Knoxville, TN housing market
The typical Knoxville home is worth about $371,000, up 1.1% in a year, 11% above the Tennessee typical home. Homes typically sell in 49 days, below asking.
Home values, sales, trends and how Knoxville compares with the towns next door — updated as new data is published.
Knoxville at a glance
A balanced market
About 4.1 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Knoxville | Tennessee |
|---|---|---|
| 2017 | $168,000 | $174,000 |
| 2018 | $180,000 | $187,000 |
| 2019 | $191,000 | $198,000 |
| 2020 | $201,000 | $215,000 |
| 2021 | $228,000 | $238,000 |
| 2022 | $275,000 | $287,000 |
| 2023 | $319,000 | $313,000 |
| 2024 | $358,000 | $326,000 |
| 2025 | $367,000 | $334,000 |
| 2026 | $370,000 | $333,000 |
| August 2026 | $371,000 | $334,000 |
1,439 new homes permitted in 2025
Builders were permitted 1,439 new homes in Knoxville in 2025: 407 single-family houses and 1,032 in buildings with two or more homes, worth about $286.7 million to build. That's 7.4 per 1,000 residents, about the pace of Tennessee as a whole. Over the past 10 years, Knoxville has permitted 11,014 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Knoxville gained 11,866 residents while 6,668 new homes were permitted: about 1.8 new residents per new home. Building and growth moved roughly in step. Across Tennessee: 2 new residents per new home.
How Knoxville ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 967 | 314 | 653 | $193.6 million |
| 2025 | 1,439 | 407 | 1,032 | $286.7 million |
| 2024 | 2,096 | 523 | 1,573 | $405.3 million |
| 2023 | 1,101 | 208 | 893 | $216.2 million |
| 2022 | 903 | 251 | 652 | $154.5 million |
| 2021 | 960 | 261 | 699 | $166.7 million |
| 2020 | 1,149 | 310 | 839 | $179.4 million |
| 2019 | 1,224 | 430 | 794 | $201.1 million |
| 2018 | 609 | 335 | 274 | $83.7 million |
| 2017 | 684 | 235 | 449 | $110.4 million |
| 2016 | 849 | 321 | 528 | $121.6 million |
| 2015 | 494 | 240 | 254 | $68.7 million |
| 2014 | 861 | 181 | 680 | $83 million |
| 2013 | 516 | 212 | 304 | $59.6 million |
| 2012 | 422 | 143 | 279 | $38.1 million |
| 2011 | 167 | 167 | 0 | $19.1 million |
| 2010 | 842 | 192 | 650 | $70.7 million |
| 2009 | 408 | 194 | 214 | $23.8 million |
| 2008 | 393 | 241 | 152 | $41.9 million |
| 2007 | 844 | 627 | 217 | $75.4 million |
| 2006 | 1,054 | 702 | 352 | $97.6 million |
| 2005 | 1,105 | 808 | 297 | $86.9 million |
| 2004 | 1,234 | 728 | 506 | $85.7 million |
| 2003 | 440 | 438 | 2 | $30.6 million |
| 2002 | 664 | 327 | 337 | $46.1 million |
| 2001 | 544 | 336 | 208 | $38.3 million |
| 2000 | 817 | 423 | 394 | $38.6 million |
Knoxville's permit office reported 4 of 12 months in 2025; the Census estimated the rest.
How Knoxville ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Knoxville and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Knoxville | $371K | +1.1% | $1,490 | 1,439 | $54,039 |
| Powell | $363K | +2.5% | $1,330 | — | $82,434 |
| Alcoa | $321K | +2% | $1,390 | 17 | $65,714 |
| John Sevier | — | +2.5%† | $1,310 | — | $46,776 |
| Farragut | $691K | +1.9% | $2,190 | 127 | $142,093 |
| Rockford | $336K | +3.9% | $1,110 | 0 | $71,094 |
| Halls | — | +3.2%† | $1,450 | — | $90,933 |
† FHFA price index change, where Zillow has no home value for the town.
6.9 years of income
The typical Knoxville home costs about 6.9 years of the town's median household income, more than across Tennessee (4.8 years).
How Knoxville ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,490
HUD's Fair Market Rent for a two-bedroom in Knoxville is $1,490 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Knoxville pay a median of $1,191, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,190 · 4 bedrooms $2,200
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37909, 37912, 37914, 37917, 37918, 37919 and 5 more; Knoxville, TN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.