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Knoxville

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

Median Home$304,514
Median Rent$1,183/month
Population932,241
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Wholesale Trade2% professional services
Home Value Growth⬆⬆⬆+21.4% over 2 years
Retirees19% of residentsnear the national average
Homeowners70% of occupied units
NotableVeteran Community8% of residents · top 28% nationally
Knoxville

Frequently Asked Questions

What are today's mortgage rates in Knoxville?

Mortgage rates for Knoxville are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Knoxville
What is the median home price in Knoxville?

The median home value in Knoxville is $305k. The median monthly rent is $1,183. Annual property taxes average $1k. 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 21.4% 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 $1,099/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Knoxville is $78k/year.

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What industries drive the economy in Knoxville?

The largest employment sectors in Knoxville are public administration (23%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.