Market Overview
Home Prices in Knoxville, TN
The median home value in Knoxville, TN is $376,648 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Knoxville are priced8% below average. Knoxville is part of the Knoxville, TN metro area.
Over the past five years, Knoxville home values have risen by approximately47.6%, reflecting strong long-term appreciation in this market.
Price History
Knoxville Home Price Trend
City Comparison
Knoxville vs. National Median
At $376,648, homes in Knoxville cost 8% below the national median of $410,000. This makes Knoxville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Knoxville?
20% Down Payment
$75,330
on $376,648
Monthly P&I
$1,964/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,494/mo
incl. taxes & insurance
Income Needed
$99,760
gross annual (30% rule)
10% Down Option
$37,665
+ PMI applies
Loan Amount (20% dn)
$301,318
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Knoxville, TN?
The median home value in Knoxville is $376,648 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Knoxville?
Over the past year, home values in Knoxville have increased by 1%. Over five years, prices have risen approximately 47.6%.
How much do I need to earn to buy a home in Knoxville?
To comfortably afford the median home price of $376,648 with a 20% down payment ($75,330) at today's rates (6.8%), you'd need a gross annual income of approximately $99,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Knoxville compare to the national average home price?
The national median home value is approximately $410,000. At $376,648, homes in Knoxville are 8% below the national average.
What metro area is Knoxville part of?
Knoxville is part of the Knoxville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.