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Knoxville

Learn about the people, housing, costs and businesses in Knoxville, Illinois

Median Home$145,300
Median Rent$619/month
Population2,995
Leading IndustriesFinance & Insurance · Information & Media · Public Administration10% finance & insurance
Home Value Growth+10.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners85% of occupied units
NotableAffordable Market$145k median home · lower cost than 76% of the country
Knoxville
IL

Frequently Asked Questions

What are today's mortgage rates in Knoxville?

As of today, the 30-year fixed mortgage rate for Knoxville is approximately 7.468% (7.487% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Knoxville?

The median home value in Knoxville is $145k. The median monthly rent is $619. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Knoxville?

Home values in Knoxville have increased 10.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Knoxville?

Based on a typical all-in ownership cost of $990/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Knoxville is $74k/year.

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What industries drive the economy in Knoxville?

The largest employment sectors in Knoxville are public administration (27%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.