Foreclosure Homes in Knoxville, TN 37924

Current Market Conditions in Knoxville, TN

The Knoxville real estate market has seen significant growth in recent years, with increasing demand leading to a competitive environment. Home values have risen steadily, attracting both first-time buyers and investors. The market is particularly appealing for those looking for affordable housing options compared to national averages.

In 2023, charming neighborhoods in Knoxville such as West Hills and Sequoyah Hills have experienced robust market activity. These areas offer unique homes and access to amenities that are desirable for families, contributing to the rising property values.

Rent Prices In Knoxville, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Knoxville, TN, is on a rollercoaster ride. The average rent price in Knoxville, TN, is $1,516.00. Indeed, when looking to rent in Knoxville, TN, you can expect to pay as little as $510.00 or as much as $4,140.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Knoxville, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.