Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Knoxville, TN

(Knoxville, TN)
A fast-growing population, large university, and low cost of living make Knoxville an enticing area for real estate investors.
×
 

At a Glance

Top 5 reasons to invest in Knoxville, TN

PRO

Build Your Team

Key Stats

Median Rental Income
$339,580
Median Home Price
Rent to Price Ratio
Affordability

About

Knoxville, TN, has an affordable real estate market, making it an attractive prospect for investors. The area's low cost of living also appeals to residents. Knoxville's position as a technology hub, nestled at the foothills of the Smoky Mountains, offers investors many opportunities to maximize their profits.

With a population of 884,359, Knoxville offers a significant market for real estate investors. The metro is also home to around 28,000 undergrads at the University of Tennessee, contributing to a high demand for rental properties. With 30% of the population renting, investors can tap into a large and growing market.

The area's population growth is 1.21% year over year and is predicted to hit 1 million residents by 2028. This gives investors a vast pool to cater to, including college students always looking for affordable housing off campus.

The median home price in Knoxville is $339,580, representing a 10.5% change from last year. Knoxville's median rent is $1,778, a change of 6.8% from last year. The rent-to-price ratio in Knoxville is 0.5%.

The median household income in Knoxville is $66,715, and the median age of residents is 40. However, 61% of the population is between the ages of 18 and 64. The average household has 2.4 members, and 74% of residents live in single-unit properties. The cost of living in Knoxville is 16 basis points lower than that of the United States, making it an affordable location.

Knoxville earned the reputation of being a technology hub, with the Oak Ridge National Laboratory and the University of Tennessee Research Park in the area. These institutions, along with initiatives such as the Knoxville Entrepreneur Center and the University of Tennessee business incubator, help spur innovation and bring tech talent to Knoxville. The area often has tech meetups and conferences, garnering more attention to the area and attracting more professionals, increasing housing demand.

The average commute in Knoxville is 23.9 minutes, about 90% of the average for the United States. The Knoxville Area Transit is the local public transportation. The area is also very walkable and friendly for bike riders.

The climate in Knoxville is subtropical and humid. The summer or hot season lasts almost four months and reaches as high as 90 degrees, but the average is 80. The winter months go from December to February, with an average temperature of 55 degrees. The weather in Knoxville is very tolerable, providing four seasons.

Knoxville's intense focus on infrastructure and business development, especially in the technology industry, positions it as a city with a secure and promising future. Its focus on the future while paying homage to its rich past creates many opportunities for real estate investors.

Growth Stats

10.48%
Appreciation
6.82%
YoY Rent Growth
Population Growth Rate

Macro Stats

Population
Unemployment Rate
Median Household Income

Build Your Team

Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Real Estate Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Interested in becoming a featured agent? Apply Now
Lenders
Get the best funding…find lenders who specialize in your investing strategy
Interested in becoming a featured lender? Apply Now
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Interested in becoming a featured property manager? Apply Now
Tax Professionals and Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and analyze finances.
Interested in becoming a featured tax pro? Apply Now

Location

Community Score

Demographics scorecard for Knoxville, TN

Public Schools Score
Cost Of Living Score
Crime And Safety Score
Diversity Score
Jobs Score
Commute Score
Walkability Score
Public Transit Score
Weather Score
Health And Fitness Score

Browse by Market

Abilene, TX Akron, OH Albany, OR Albany, NY Albany, GA Albuquerque, NM Alexandria, LA Allentown, PA Altoona, PA Amarillo, TX Ames, IA Anchorage, AK Ann Arbor, MI Anniston-Oxford, AL Appleton, WI Asheville, NC Athens, GA Atlanta, GA Atlantic City, NJ Auburn, AL Augusta, GA Austin, TX Bakersfield, CA Baltimore, MD Bangor, ME Barnstable Town, MA Baton Rouge, LA Battle Creek, MI Bay City, MI Beaumont, TX Beckley, WV Bellingham, WA Bend, OR Billings, MT Binghamton, NY Birmingham, AL Bismarck, ND Blacksburg, VA Bloomington, IL Bloomington, IN Bloomsburg, PA Boise, ID Boston, MA Boulder, CO Bowling Green, KY Bozeman, MT Bremerton, WA Bridgeport, CT Brownsville, TX Brunswick, GA Buffalo, NY Burlington, VT Burlington, NC California, MD Canton, OH Cape Coral, FL Cape Girardeau, MO Carbondale, IL Carson City, NV Casper, WY Cedar Rapids, IA Chambersburg, PA Champaign, IL Charleston, SC Charleston, WV Charlotte, NC Charlottesville, VA Chattanooga, TN Cheyenne, WY Chicago, IL Chico, CA Cincinnati, OH Clarksville, TN Cleveland, OH Cleveland, TN Coeur d'Alene, ID College Station, TX Colorado Springs, CO Columbia, MO Columbia, SC Columbus, GA Columbus, IN Columbus, OH Corpus Christi, TX Corvallis, OR Crestview, FL Cumberland, MD Gainesville, FL Dallas, TX Dalton, GA Danville, IL Daphne, AL Davenport, IA Dayton, OH Decatur, AL Decatur, IL Deltona, FL Denver, CO Des Moines, IA Detroit, MI Dothan, AL Dover, DE Dubuque, IA Duluth, MN Durham, NC Eagle Pass, TX East Stroudsburg, PA Eau Claire, WI El Centro, CA El Paso, TX Elizabethtown, KY Elkhart, IN Elmira, NY Enid, OK Erie, PA Eugene, OR Evansville, IN Fairbanks, AK Fargo, ND Farmington, NM Fayetteville, AR Fayetteville, NC Flagstaff, AZ Flint, MI Florence, AL Florence, SC Fond du Lac, WI Fort Collins, CO Fort Smith, AR Fort Wayne, IN Fresno, CA Gadsden, AL Gainesville, GA Gettysburg, PA Glens Falls, NY Goldsboro, NC Grand Forks, ND Grand Island, NE Grand Junction, CO Grand Rapids, MI Grants Pass, OR Great Falls, MT Greeley, CO Green Bay, WI Greensboro, NC Greenville, SC Greenville, NC Gulfport, MS Hagerstown, MD Hammond, IN Hanford, CA Harrisburg, PA Harrisonburg, VA Hartford, CT Hattiesburg, MS Helena, MT Hickory, NC Hilton Head Island, SC Hinesville, GA Homosassa Springs, FL Hot Springs, AR Houma, LA Houston, TX Huntington, WV Huntsville, AL Idaho Falls, ID Indianapolis, IN Iowa City, IA Ithaca, NY Jackson, MI Jackson, MS Jackson, TN Jacksonville, FL Jacksonville, NC Janesville, WI Jefferson City, MO Johnson City, TN Johnstown, PA Jonesboro, AR Joplin, MO Kahului, HI Kalamazoo, MI Kankakee, IL Kansas City, MO Kennewick, WA Killeen, TX Kingsport, TN Kingston, NY Knoxville, TN Kokomo, IN La Crosse, WI Lafayette, IN Lafayette, LA Lake Charles, LA Lake Havasu City, AZ Lakeland, FL Lancaster, PA Lansing, MI Laredo, TX Las Cruces, NM Las Vegas, NV Lawrence, KS Lawton, OK Lebanon, PA Lewiston, ME Lewiston, ID Lexington, KY Lima, OH Lincoln, NE Little Rock, AR Logan, UT Longview, TX Longview, WA Los Angeles County, CA Louisville, KY Lubbock, TX Lynchburg, VA Macon, GA Madera, CA Madison, WI Manchester, NH Manhattan, KS Mankato, MN Mansfield, OH McAllen, TX Medford, OR Memphis, TN Merced, CA Miami, FL Michigan City, IN Midland-Odessa, TX Midland, MI Milwaukee, WI Minneapolis, MN Minot, ND Missoula, MT Mobile, AL Modesto, CA Monroe, LA Monroe, MI Montgomery, AL Morgantown, WV Morristown, TN Mount Vernon, WA Muncie, IN Muskegon, MI Myrtle Beach, SC Napa, CA Naples, FL Nashville, TN New Bern, NC New Haven, CT New Orleans, LA New York, NY Niles, MI North Port, FL Norwich, CT Ocala, FL Ocean City, NJ Odessa, TX Ogden, UT Oklahoma City, OK Olympia, WA Omaha, NE Orlando, FL Oshkosh, WI Owensboro, KY Oxnard, CA Paducah, KY Palm Bay, FL Panama City, FL Parkersburg, WV Pensacola, FL Peoria, IL Philadelphia, PA Phoenix, AZ Pine Bluff, AR Pinehurst, NC Pittsburgh, PA Pittsfield, MA Pocatello, ID Port St. Lucie, FL Portland, ME Portland, OR Poughkeepsie, NY Prescott Valley, AZ Providence, RI Provo, UT Pueblo, CO Punta Gorda, FL Racine, WI Raleigh, NC Rapid City, SD Reading, PA Redding, CA Reno, NV Richmond, VA Riverside, CA Roanoke, VA Rochester, MN Rochester, NY Rockford, IL Rocky Mount, NC Rome, GA Sacramento, CA St. Louis, MO Saginaw, MI Salem, OR Salinas, CA Salisbury, MD Salt Lake City, UT San Angelo, TX San Antonio, TX St. Joseph, MO San Diego, CA San Francisco, CA San Jose, CA San Luis Obispo, CA Sandusky, OH Santa Cruz, CA Santa Fe, NM Tulsa, OK Santa Maria, CA Santa Rosa, CA Savannah, GA Scranton, PA Seattle, WA Sebastian, FL Sebring, FL Sheboygan, WI Sherman, TX Shreveport, LA Sierra Vista, AZ Sioux City, IA Sioux Falls, SD South Bend, IN Spartanburg, SC Tuscaloosa, AL Spokane, WA Springfield, IL Springfield, MA Springfield, MO Springfield, OH St. Cloud, MN St. George, UT State College, PA Staunton, VA Stockton, CA Sumter, SC Syracuse, NY Tallahassee, FL Tampa, FL Terre Haute, IN Texarkana, TX The Villages, FL Toledo, OH Topeka, KS Traverse City, MI Trenton, NJ Tucson, AZ Twin Falls, ID Tyler, TX Urban Honolulu, HI Utica, NY Valdosta, GA Vallejo, CA Victoria, TX Vineland, NJ Virginia Beach, VA Visalia, CA Waco, TX Walla Walla, WA Warner Robins, GA Washington, DC Waterloo, IA Watertown, NY Wausau, WI Weirton, WV Wenatchee, WA Wheeling, WV Wichita Falls, TX Wichita, KS Williamsport, PA Wilmington, NC Winchester, VA Winston-Salem, NC Worcester, MA Yakima, WA York, PA Youngstown, OH Yuba City, CA Yuma, AZ