Knoxville
Tennessee · Ranked #37 of 102 metros
55Moderate
Median Home Price
🏠$320K
Need $92K income
Median Rent
🔑$1K
Need $50K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨7,000
annual
Median Income
💰$56K
Pop: 886,838
Rent Burden
⚠️31.0%
of renters paying >30%
Price Change (YoY)
📈+5%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Knoxville | National |
|---|---|---|
| Price-to-Income Ratio | 5.7x | 6.1x |
| Rent Burden | 31.0% | 31.5% |
| Homeownership Rate | 66.0% | 65.5% |
| YoY Price Change | +5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 13.5% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |