Property Prices in Knoxville, TN, United States

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Index Info
Price to Income Ratio: 3.84
Mortgage as Percentage of Income: 34.71%
Loan Affordability Index: 2.88
Price to Rent Ratio - City Centre: 7.69
Price to Rent Ratio - Outside of Centre: 8.75
Gross Rental Yield (City Centre): 13.01%
Gross Rental Yield (Outside of Centre): 11.43%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,709.55 $ 1,400.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,300.00 $ 1,050.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,210.00 $ 1,750.00-5,200.00
Apartment (3 bedrooms) Outside of Centre 2,363.17 $ 1,700.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 271.60 $ 219.99-565.00
Price per Square Feet to Buy Apartment Outside of Centre 231.60 $ 219.99-288.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,530.76 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.64 6.19-7.00

These data are based on 110 entries in the past 18 months from 32 different contributors.
Last update: February 2025

Sources and References
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