Karns / Halls, Knoxville, TN—37932
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Karns / Halls, Knoxville, TN
As of Oct '25, the median home price in Karns / Halls, Knoxville, TN is $532,000, with a year-over-year change of 1.7%. This indicates that home prices in Karns / Halls, Knoxville, TN are increasing. 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 | $532,000 | 1.7% |
| Single Family | $536,000 | 1.9% |
| Condos | $359,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 1.4% |
3 Bed | $457,000 | 1.6% |
4 Bed | $590,000 | 1.5% |
| 5 Bed | $692,000 | 1.8% |
% of Housing Stock
Rental Trends — Karns / Halls, Knoxville, TN
As of July '25, Rentcast reports the average rent in Karns / Halls, Knoxville, TN is $2,450, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Karns / Halls, Knoxville, TN is 1-bedrooms: $1,660, 2-bedrooms: $1,700, 3-bedrooms: $2,500, 4-bedrooms: $2,950. The most common rental property sizes in Karns / Halls, Knoxville, TN are 2-bedroom and 3-bedroom, accounting for 53.8% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,680 | $1,660 |
| 2 Bed Rent | $1,680 | $1,700 |
| 3 Bed Rent | $2,640 | $2,500 |
| 4 Bed Rent | $2,840 | $2,950 |
% of Rental Stock
Property Listings — Karns / Halls, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Karns / Halls, Knoxville, TN is 51. This is a increase of 13.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $624,000 | -2.0% |
Listing Count | 247 | -13.0% |
| Listings as % of Homes | 1.3% | -13.0% |
Days on Market | 51 | 13.0% |
Demographics — Karns / Halls, Knoxville, TN
As of the latest ACS Survey released in 2023, Karns / Halls, Knoxville, TN has a population of 23,300, which has increased by 29.1% over the past 5 years. Karns / Halls, Knoxville, TN is a popular place for families, as children make up 27.4% of the population. The area has a highly educated workforce, with 54.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | 29.1% |
% Under 18 | 27.4% | 7.9% |
% Seniors | 11.3% | -11.7% |
% WFH | 15.8% | 154.8% |
% w/ College Degree | 54.9% | 13.9% |
As of the latest ACS Survey released in 2023, Karns / Halls, Knoxville, TN is a predominantly white area, with 82.2% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Karns / Halls, Knoxville, TN is hispanic, making up 5.6% of the population. Foreign-born residents account for 8.0% of the population in Karns / Halls, Knoxville, TN, and this percentage has increased by 63.3% 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 | 82.2% | -8.1% |
% Black | 2.9% | -12.1% |
% Hispanic | 5.6% | 86.7% |
% Asian | 4.3% | 79.2% |
% Foreign Born | 8.0% | 63.3% |
Mortgage and Risk — Karns / Halls, Knoxville, TN
According to HUD data as of 2023, there were 620 mortgage originations in Karns / Halls, Knoxville, TN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Karns / Halls, Knoxville, TN. Investor activity is low, as 2.0% 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 | 620 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Karns / Halls, Knoxville, TN
As of 2024, the percent of homes in Karns / Halls, Knoxville, TN under the Section 8 program is 0.3%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Karns / Halls, Knoxville, TN, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,680 | $1,660 |
| 2 Bedroom | $350 | $1,680 | $2,030 |
| 3 Bedroom | -$30 | $2,640 | $2,610 |
| 4 Bedroom | $220 | $2,840 | $3,060 |
Affordability — Karns / Halls, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $532,000 |
| Median Household Income | $110,000 |