West Knoxville, Knoxville, TN—37917
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Knoxville, Knoxville, TN
As of Nov '25, the median home price in West Knoxville, Knoxville, TN is $255,000, with a year-over-year change of 0.4%. This indicates that home prices in West Knoxville, Knoxville, TN are flat. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 0.4% |
| Single Family | $254,000 | 0.8% |
| Condos | $300,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $218,000 | 3.3% |
2 Bed | $226,000 | 0.4% |
3 Bed | $278,000 | 0.7% |
4 Bed | $349,000 | 0.9% |
| 5 Bed | $423,893 | 0.6% |
% of Housing Stock
Rental Trends — West Knoxville, Knoxville, TN
As of July '25, Rentcast reports the average rent in West Knoxville, Knoxville, TN is $1,620, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in West Knoxville, Knoxville, TN is 1-bedrooms: $1,140, 2-bedrooms: $1,610, 3-bedrooms: $1,850, 4-bedrooms: $2,310. The most common rental property sizes in West Knoxville, Knoxville, TN are 2-bedroom and 1-bedroom, accounting for 38.5% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,140 |
| 2 Bed Rent | $1,600 | $1,610 |
| 3 Bed Rent | $1,820 | $1,850 |
| 4 Bed Rent | $2,250 | $2,310 |
% of Rental Stock
Property Listings — West Knoxville, Knoxville, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in West Knoxville, Knoxville, TN is 70. This is a increase of 30.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $319,000 | 4.0% |
Listing Count | 163 | 48.0% |
| Listings as % of Homes | 0.5% | 48.0% |
Days on Market | 70 | 30.0% |
Demographics — West Knoxville, Knoxville, TN
As of the latest ACS Survey released in 2023, West Knoxville, Knoxville, TN has a population of 25,700, which has increased by 6.0% over the past 5 years. West Knoxville, Knoxville, TN is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | 6.0% |
% Under 18 | 17.4% | -1.1% |
% Seniors | 16.3% | 9.4% |
% WFH | 11.0% | 134.0% |
% w/ College Degree | 31.3% | 27.8% |
As of the latest ACS Survey released in 2023, West Knoxville, Knoxville, TN is a predominantly white area, with 72.1% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in West Knoxville, Knoxville, TN is black, making up 13.6% of the population. Foreign-born residents account for 6.3% of the population in West Knoxville, Knoxville, TN, and this percentage has increased by 26.0% 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 | 72.1% | 0.7% |
% Black | 13.6% | -12.8% |
% Hispanic | 8.5% | 39.3% |
% Asian | 0.5% | -61.5% |
% Foreign Born | 6.3% | 26.0% |
Mortgage and Risk — West Knoxville, Knoxville, TN
According to HUD data as of 2023, there were 522 mortgage originations in West Knoxville, Knoxville, TN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in West Knoxville, Knoxville, TN. Investor activity is low, as 9.0% 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 | 522 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Rentals and Section 8 — West Knoxville, Knoxville, TN
As of 2024, the percent of homes in West Knoxville, Knoxville, TN under the Section 8 program is 27.0%. 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 West Knoxville, Knoxville, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,769 |
Total Units Section 8 | 1,726 |
% Rentals under Section 8 | 27.0% |
% Occupied Section 8 | 78.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,100 | $1,400 |
| 2 Bedroom | $120 | $1,600 | $1,720 |
| 3 Bedroom | $390 | $1,820 | $2,210 |
| 4 Bedroom | $340 | $2,250 | $2,590 |
Affordability — West Knoxville, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $255,000 |
| Median Household Income | $51,200 |