North Hills, Knoxville, TN—37920
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Hills, Knoxville, TN
As of Oct '25, the median home price in North Hills, Knoxville, TN is $312,000, with a year-over-year change of 0.5%. This indicates that home prices in North Hills, Knoxville, TN are flat. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | 0.5% |
| Single Family | $308,000 | 0.3% |
| Condos | $363,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $192,000 | 0.5% |
2 Bed | $236,000 | 0.0% |
3 Bed | $330,000 | 0.9% |
4 Bed | $440,000 | 2.3% |
| 5 Bed | $514,000 | 3.0% |
% of Housing Stock
Rental Trends — North Hills, Knoxville, TN
As of July '25, Rentcast reports the average rent in North Hills, Knoxville, TN is $1,860, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in North Hills, Knoxville, TN is studios: $1,180, 1-bedrooms: $1,260, 2-bedrooms: $1,690, 3-bedrooms: $2,040, 4-bedrooms: $1,930. The most common rental property sizes in North Hills, Knoxville, TN are 2-bedroom and 3-bedroom, accounting for 38.7% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,860 |
| Studio Rent | $950 | $1,180 |
| 1 Bed Rent | $1,100 | $1,260 |
| 2 Bed Rent | $1,650 | $1,690 |
| 3 Bed Rent | $2,000 | $2,040 |
| 4 Bed Rent | $2,400 | $1,930 |
% of Rental Stock
Property Listings — North Hills, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in North Hills, Knoxville, TN is 66. This is a increase of 19.0% 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 34.0%, 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 | 1.0% |
Listing Count | 251 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 66 | 19.0% |
Demographics — North Hills, Knoxville, TN
As of the latest ACS Survey released in 2023, North Hills, Knoxville, TN has a population of 43,500, which has increased by 6.3% over the past 5 years. North Hills, Knoxville, TN is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 34.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,500 | 6.3% |
% Under 18 | 17.8% | 3.5% |
% Seniors | 16.5% | 7.1% |
% WFH | 12.4% | 163.8% |
% w/ College Degree | 34.2% | 20.8% |
As of the latest ACS Survey released in 2023, North Hills, Knoxville, TN is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in North Hills, Knoxville, TN is black, making up 6.0% of the population. Foreign-born residents account for 2.9% of the population in North Hills, Knoxville, TN, and this percentage has increased by 20.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.9% | -4.7% |
% Black | 6.0% | -15.5% |
% Hispanic | 5.1% | 88.9% |
% Asian | 1.4% | 40.0% |
% Foreign Born | 2.9% | 20.8% |
Mortgage and Risk — North Hills, Knoxville, TN
According to HUD data as of 2023, there were 869 mortgage originations in North Hills, Knoxville, TN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in North Hills, Knoxville, TN. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 869 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — North Hills, Knoxville, TN
As of 2024, the percent of homes in North Hills, Knoxville, TN under the Section 8 program is 17.5%. 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. In North Hills, Knoxville, TN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,336 |
Total Units Section 8 | 1,249 |
% Rentals under Section 8 | 17.5% |
% Occupied Section 8 | 78.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,100 | $1,090 |
| 2 Bedroom | -$310 | $1,650 | $1,340 |
| 3 Bedroom | -$280 | $2,000 | $1,720 |
| 4 Bedroom | -$380 | $2,400 | $2,020 |
Affordability — North Hills, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $312,000 |
| Median Household Income | $61,300 |