Property Prices in Knoxville, TN, United States

Index Info
Price to Income Ratio: 4.50
Mortgage as Percentage of Income: 40.66%
Loan Affordability Index: 2.46
Price to Rent Ratio - City Centre: 11.01
Price to Rent Ratio - Outside of Centre: 9.77
Gross Rental Yield (City Centre): 9.08%
Gross Rental Yield (Outside of Centre): 10.23%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,658.75 $ 1,400.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,275.00 $ 1,050.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,916.67 $ 1,750.00-3,700.00
Apartment (3 bedrooms) Outside of Centre 2,182.71 $ 1,700.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 366.25 $ 219.99-565.00
Price per Square Feet to Buy Apartment Outside of Centre 247.00 $ 219.99-288.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,663.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.61 6.19-7.00

These data are based on 107 entries in the past 18 months from 29 different contributors.
Last update: November 2024

Sources and References
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