What's The Average Home Price In Knoxville TN?

Definition of "What's the average home price in Knoxville TN?"

For those who plan on moving to a new town, researching ahead of time is an important part of the decision making process. If you’re planning on moving to Knoxville, you’ve no doubt done a great deal of that very research. You may have researched things like Knoxville’s crime rates and the education infrastructure, but there’s something else you may be wondering about: the average price of a home in Knoxville, Tennessee.

As you probably already know, the average home price is something that can have a great deal of influence on whether or not you decide to make a city your home. This factor determines not only whether or not you’ll be able to afford a home in your desired destination, but whether or not that home will be a financially advantageous investment. This being the case, let’s take a quick look at the average home price in Knoxville TN. 

Real estate market in Knoxville, Tennessee

If you have your heart set on making the city of Knoxville your home, you’ll be happy to know that this market is home to a very acceptable home price and great investment value. In addition to an impressively low median home price, property in Knoxville is currently appreciating rapidly, making this a great place to invest as well. 

The average home price in Knoxville TN is currently just a bit above $210,000, placing it well below the national average of $294,000. For those with limited budgets, this will no doubt come as a pleasant surprise. Moreover, property values in Knoxville are appreciating at a yearly rate of over 7%, making this a great place to invest. 


If you want to make this delightful city your home, you can do so by contacting one of the real estate agents in Knoxville TN. These skilled, experienced real estate professionals will do their best to find you a home that me

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

The abstraction method is a valuation procedure used to determine the land value relative to the total market value of the property. The abstraction approach is most often used when there ...

Tables used to compute the monthly mortgage payment that consists of principal repayment and interest. A loan amortization type of formula is used. The tables have monthly payments for any ...

Invests in rental property but does not manage that property. ...

payment of a debt before its due such as a mortgage payment or insurance premiums. ...

Nonrefundable fee to pay for the painting and cleaning of an apartment or office unit after a tenant vacates the premises. ...

Selling price for a property less assumed mortgages by the buyer. For tax purposes, the computation of the contract price is critical. ...

property that has been segregated into parts. ...

Builder who builds homes or other buildings to the specification of his customer. Normally the homes and other structures are presold. The customer builder may also build a few on ...

The definition of restraint on alienation is a limitation on the right to convey or transfer owned real estate to another party. This restriction on conveying property has an effect that ...