Knoxville Housing Market: Home Prices & Rent
Knoxville home values since 2000
Last few years
Rent in Knoxville
Owning vs renting, monthly
Buying the typical Knoxville home with 20% down at this week's 7.32% 30-year rate costs about $2,449/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,725/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Knoxville vs Tennessee vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $363k | +1.9% | $1,725/mo |
| Tennessee | $331k | +0.6% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Knoxville?
No - the typical Knoxville-area home value is up 1.9% over the past 12 months, at $363k (September 2026).
Is the Knoxville housing market crashing?
Home values are close to their 2020s high and up 1.9% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Knoxville?
Typical rent in the Knoxville metro is $1,725 a month (September 2026), +1.4% over 12 months.
How much income do you need to buy a home in Knoxville?
About $91k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Nashville, TN · Memphis, TN · Chattanooga, TN · Allentown, PA · Bakersfield, CA · Dallas, TX · Tampa, FL
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Knoxville, TN metro area. How we calculate.