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Fixer Upper Homes in Knoxville, TN

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Knoxville, TN Foreclosures

How much do homes sell for in Knoxville, TN?
The average home price is currently $451,142.
In Knoxville, TN, how many homes are available?
There are currently 556 active home listings available in Knoxville.
What’s the average rental cost in Knoxville, TN?
The average rental price in Knoxville is $1,516.
What is the most expensive home in Knoxville?
The most expensive home sold in Knoxville had a price of $77,653,096.
What is currently the cheapest priced home in Knoxville, TN?
The cheapest home for sale in Knoxville is priced at $10,289.

Living in Knoxville, TN

Knoxville, TN is a charming city that blends urban living with picturesque landscapes. With its vibrant arts scene, numerous outdoor activities, and a strong sense of community, Knoxville stands as a desirable destination for families, students, and outdoor lovers. The proximity to the Great Smoky Mountains enhances its appeal, offering residents a unique lifestyle.

Current Market Conditions in Knoxville, TN

The current real estate market in Knoxville is seeing a steady increase in property values as demand continues to rise. Homebuyers are attracted to the city's affordability compared to the national average, along with its alluring lifestyle and amenities. As a result, homes are selling quickly, often above the asking price, indicating a competitive market.

Given the growing population and economic development, new housing projects are emerging, particularly in desirable neighborhoods. There’s also a trend of renovations and upgrades in older homes, reflecting the increasingly competitive nature of the Knoxville housing market.

Home Value Estimator For Knoxville, TN

There are currently 141,433 real estate properties in Knoxville, TN, with a median automated valuation model (AVM) price of $363,398.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Knoxville, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Knoxville, TN, is $451,142.00, with the most expensive house in Knoxville, TN, topping out at $77,653,096.00 and the cheapest home in Knoxville, TN, clocking in at $10,289.00. In other words, there’s something for every potential homebuyer or savvy investor in Knoxville, TN!

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.

Knoxville, TN Fixer Upper Homes

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