North Knoxville, Knoxville, TN—37915
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Knoxville, Knoxville, TN
As of Oct '25, the median home price in North Knoxville, Knoxville, TN is $199,000, with a year-over-year change of -2.1%. This indicates that home prices in North Knoxville, Knoxville, TN are decreasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | -2.1% |
| Single Family | $193,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | -2.4% |
3 Bed | $216,000 | -2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Knoxville, Knoxville, TN
As of July '25, Rentcast reports the average rent in North Knoxville, Knoxville, TN is $1,510, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in North Knoxville, Knoxville, TN is studios: $1,550, 1-bedrooms: $895, 2-bedrooms: $1,560, 3-bedrooms: $1,300, 4-bedrooms: $2,250. The most common rental property sizes in North Knoxville, Knoxville, TN are 1-bedroom and 2-bedroom, accounting for 30.5% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,510 |
| Studio Rent | $1,550 | $1,550 |
| 1 Bed Rent | $895 | $895 |
| 2 Bed Rent | $1,350 | $1,560 |
| 3 Bed Rent | $899 | $1,300 |
| 4 Bed Rent | $2,250 | $2,250 |
% of Rental Stock
Property Listings — North Knoxville, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in North Knoxville, Knoxville, TN is 63. This is a increase of 160.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $478,000 | 83.0% |
Listing Count | 30 | 90.0% |
| Listings as % of Homes | 0.3% | 90.0% |
Days on Market | 63 | 160.0% |
Demographics — North Knoxville, Knoxville, TN
As of the latest ACS Survey released in 2023, North Knoxville, Knoxville, TN has a population of 6,120, which has increased by 15.9% over the past 5 years. North Knoxville, Knoxville, TN is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,120 | 15.9% |
% Under 18 | 21.1% | -11.0% |
% Seniors | 12.0% | 20.0% |
% WFH | 5.4% | 184.2% |
% w/ College Degree | 16.5% | -8.3% |
As of the latest ACS Survey released in 2023, North Knoxville, Knoxville, TN is a predominantly black area, with 52.2% of the population identifying as black. The black population has shrunk by 17.5% in the last 5 years. The second most common race or ethnicity in North Knoxville, Knoxville, TN is white, making up 40.5% of the population. Foreign-born residents account for 2.4% of the population in North Knoxville, Knoxville, TN, and this percentage has decreased by 60.7% 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 | 40.5% | 29.4% |
% Black | 52.2% | -17.5% |
% Hispanic | 4.5% | 73.1% |
% Asian | 0.2% | ∞% |
% Foreign Born | 2.4% | -60.7% |
Mortgage and Risk — North Knoxville, Knoxville, TN
According to HUD data as of 2023, there were 34 mortgage originations in North Knoxville, Knoxville, TN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in North Knoxville, Knoxville, TN. Investor activity is low, as 9.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — North Knoxville, Knoxville, TN
As of 2024, the percent of homes in North Knoxville, Knoxville, TN under the Section 8 program is 69.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in North Knoxville, Knoxville, TN, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,813 |
Total Units Section 8 | 1,813 |
% Rentals under Section 8 | 69.3% |
% Occupied Section 8 | 86.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $895 | $1,040 |
| 2 Bedroom | -$80 | $1,350 | $1,270 |
| 3 Bedroom | $731 | $899 | $1,630 |
| 4 Bedroom | -$330 | $2,250 | $1,920 |
Affordability — North Knoxville, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $199,000 |
| Median Household Income | $22,200 |