South Knoxville, Knoxville, TN—37922
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Knoxville, Knoxville, TN
As of Oct '25, the median home price in South Knoxville, Knoxville, TN is $633,000, with a year-over-year change of 1.7%. This indicates that home prices in South Knoxville, Knoxville, TN are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $633,000 | 1.7% |
| Single Family | $636,000 | 1.8% |
| Condos | $508,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 0.3% |
3 Bed | $484,000 | 1.0% |
4 Bed | $690,000 | 1.5% |
| 5 Bed | $955,000 | 1.7% |
% of Housing Stock
Rental Trends — South Knoxville, Knoxville, TN
As of July '25, Rentcast reports the average rent in South Knoxville, Knoxville, TN is $2,430, with a year-over-year rent change of -16.5%. Per bedroom, the median rent as of July '25 in South Knoxville, Knoxville, TN is 1-bedrooms: $1,530, 2-bedrooms: $1,880, 3-bedrooms: $2,610, 4-bedrooms: $2,910. The most common rental property sizes in South Knoxville, Knoxville, TN are 2-bedroom and 3-bedroom, accounting for 42.1% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,570 | $1,530 |
| 2 Bed Rent | $1,600 | $1,880 |
| 3 Bed Rent | $2,600 | $2,610 |
| 4 Bed Rent | $2,400 | $2,910 |
% of Rental Stock
Property Listings — South Knoxville, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in South Knoxville, Knoxville, TN is 50. This is a increase of 21.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $727,000 | -9.0% |
Listing Count | 188 | 7.0% |
| Listings as % of Homes | 1.0% | 7.0% |
Days on Market | 50 | 21.0% |
Demographics — South Knoxville, Knoxville, TN
As of the latest ACS Survey released in 2023, South Knoxville, Knoxville, TN has a population of 39,000, which has increased by 7.7% over the past 5 years. South Knoxville, Knoxville, TN is a popular place for families, as children make up 26.4% of the population. The area has a highly educated workforce, with 69.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,000 | 7.7% |
% Under 18 | 26.4% | 2.3% |
% Seniors | 15.7% | 18.9% |
% WFH | 17.3% | 166.2% |
% w/ College Degree | 69.9% | 9.0% |
As of the latest ACS Survey released in 2023, South Knoxville, Knoxville, TN is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in South Knoxville, Knoxville, TN is asian, making up 4.9% of the population. Foreign-born residents account for 8.0% of the population in South Knoxville, Knoxville, TN, and this percentage has increased by 3.9% 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 | 84.2% | -3.1% |
% Black | 3.0% | 20.0% |
% Hispanic | 4.4% | 18.9% |
% Asian | 4.9% | 8.9% |
% Foreign Born | 8.0% | 3.9% |
Mortgage and Risk — South Knoxville, Knoxville, TN
According to HUD data as of 2023, there were 993 mortgage originations in South Knoxville, Knoxville, TN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in South Knoxville, Knoxville, TN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 993 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — South Knoxville, Knoxville, TN
As of 2024, the percent of homes in South Knoxville, Knoxville, TN under the Section 8 program is 11.9%. 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. In South 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 | 277 |
Total Units Section 8 | 277 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,570 | $1,820 |
| 2 Bedroom | $630 | $1,600 | $2,230 |
| 3 Bedroom | $270 | $2,600 | $2,870 |
| 4 Bedroom | $960 | $2,400 | $3,360 |
Affordability — South Knoxville, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $633,000 |
| Median Household Income | $127,000 |