Mechanicsville, Knoxville, TN—37909
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mechanicsville, Knoxville, TN
As of Oct '25, the median home price in Mechanicsville, Knoxville, TN is $373,000, with a year-over-year change of -0.1%. This indicates that home prices in Mechanicsville, Knoxville, TN are flat. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $373,000 | -0.1% |
| Single Family | $389,000 | -0.3% |
| Condos | $296,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $269,000 | -0.4% |
3 Bed | $370,000 | 0.0% |
4 Bed | $508,000 | 1.2% |
| 5 Bed | $690,000 | 1.6% |
% of Housing Stock
Rental Trends — Mechanicsville, Knoxville, TN
As of July '25, Rentcast reports the average rent in Mechanicsville, Knoxville, TN is $1,790, with a year-over-year rent change of -11.4%. Per bedroom, the median rent as of July '25 in Mechanicsville, Knoxville, TN is studios: $1,200, 1-bedrooms: $1,300, 2-bedrooms: $1,420, 3-bedrooms: $2,240, 4-bedrooms: $2,200. The most common rental property sizes in Mechanicsville, Knoxville, TN are 2-bedroom and 1-bedroom, accounting for 43.4% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,790 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,340 | $1,300 |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $2,250 | $2,240 |
| 4 Bed Rent | $2,100 | $2,200 |
% of Rental Stock
Property Listings — Mechanicsville, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mechanicsville, Knoxville, TN is 64. This is a increase of 59.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $419,000 | 0.0% |
Listing Count | 54 | 21.0% |
| Listings as % of Homes | 0.3% | 21.0% |
Days on Market | 64 | 59.0% |
Demographics — Mechanicsville, Knoxville, TN
As of the latest ACS Survey released in 2023, Mechanicsville, Knoxville, TN has a population of 16,800, which has increased by 6.2% over the past 5 years. Mechanicsville, Knoxville, TN is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 44.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 6.2% |
% Under 18 | 17.5% | -4.9% |
% Seniors | 19.0% | 26.7% |
% WFH | 9.8% | 104.2% |
% w/ College Degree | 44.7% | -4.5% |
As of the latest ACS Survey released in 2023, Mechanicsville, Knoxville, TN is a predominantly white area, with 85.8% of the population identifying as white. The white population has grown by 18.3% in the last 5 years. The second most common race or ethnicity in Mechanicsville, Knoxville, TN is black, making up 4.8% of the population. Foreign-born residents account for 8.3% of the population in Mechanicsville, Knoxville, TN, and this percentage has decreased by 48.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.8% | 18.3% |
% Black | 4.8% | -46.7% |
% Hispanic | 2.8% | -71.7% |
% Asian | 3.1% | -35.4% |
% Foreign Born | 8.3% | -48.8% |
Mortgage and Risk — Mechanicsville, Knoxville, TN
According to HUD data as of 2023, there were 273 mortgage originations in Mechanicsville, Knoxville, TN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Mechanicsville, Knoxville, TN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 273 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Mechanicsville, Knoxville, TN
As of 2024, the percent of homes in Mechanicsville, Knoxville, TN under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mechanicsville, Knoxville, TN, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 203 |
Total Units Section 8 | 203 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,340 | $1,280 |
| 2 Bedroom | $170 | $1,400 | $1,570 |
| 3 Bedroom | -$230 | $2,250 | $2,020 |
| 4 Bedroom | $270 | $2,100 | $2,370 |
Affordability — Mechanicsville, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $373,000 |
| Median Household Income | $61,400 |