Turkey Creek Area, Knoxville, TN—37938
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Turkey Creek Area, Knoxville, TN
As of Oct '25, the median home price in Turkey Creek Area, Knoxville, TN is $383,000, with a year-over-year change of 0.6%. This indicates that home prices in Turkey Creek Area, Knoxville, TN are flat. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $383,000 | 0.6% |
| Single Family | $385,000 | 1.0% |
| Condos | $355,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $253,000 | 1.2% |
3 Bed | $364,000 | 0.8% |
4 Bed | $498,000 | 1.2% |
| 5 Bed | $575,000 | 1.1% |
% of Housing Stock
Rental Trends — Turkey Creek Area, Knoxville, TN
As of July '25, Rentcast reports the average rent in Turkey Creek Area, Knoxville, TN is $2,260, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Turkey Creek Area, Knoxville, TN is 2-bedrooms: $1,620, 3-bedrooms: $2,300, 4-bedrooms: $2,980. The most common rental property sizes in Turkey Creek Area, Knoxville, TN are 2-bedroom and 3-bedroom, accounting for 52.8% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,620 |
| 3 Bed Rent | $2,200 | $2,300 |
| 4 Bed Rent | $2,500 | $2,980 |
% of Rental Stock
Property Listings — Turkey Creek Area, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Turkey Creek Area, Knoxville, TN is 50. This is a increase of 29.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 13.0% |
Listing Count | 124 | 16.0% |
| Listings as % of Homes | 0.9% | 16.0% |
Days on Market | 50 | 29.0% |
Demographics — Turkey Creek Area, Knoxville, TN
As of the latest ACS Survey released in 2023, Turkey Creek Area, Knoxville, TN has a population of 16,900, which has decreased by -1.5% over the past 5 years. Turkey Creek Area, Knoxville, TN is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | -1.5% |
% Under 18 | 17.6% | -23.8% |
% Seniors | 21.8% | 19.8% |
% WFH | 10.7% | 87.7% |
% w/ College Degree | 33.1% | 16.1% |
As of the latest ACS Survey released in 2023, Turkey Creek Area, Knoxville, TN is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Turkey Creek Area, Knoxville, TN is asian, making up 1.8% of the population. Foreign-born residents account for 1.4% of the population in Turkey Creek Area, Knoxville, TN, and this percentage has increased by 27.3% 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 | 92.6% | -5.6% |
% Black | 1.3% | 333.3% |
% Hispanic | 1.6% | 300.0% |
% Asian | 1.8% | 260.0% |
% Foreign Born | 1.4% | 27.3% |
Mortgage and Risk — Turkey Creek Area, Knoxville, TN
According to HUD data as of 2023, there were 616 mortgage originations in Turkey Creek Area, Knoxville, TN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Turkey Creek Area, Knoxville, TN. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 616 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Turkey Creek Area, Knoxville, TN
Turkey Creek Area, Knoxville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,310 |
| 2 Bedroom | $100 | $1,500 | $1,600 |
| 3 Bedroom | -$140 | $2,200 | $2,060 |
| 4 Bedroom | -$90 | $2,500 | $2,410 |
Affordability — Turkey Creek Area, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $383,000 |
| Median Household Income | $80,900 |