Property Prices in Knoxville, TN, United States

Index Info
Price to Income Ratio: 4.02
Mortgage as Percentage of Income: 36.24%
Loan Affordability Index: 2.76
Price to Rent Ratio - City Centre: 10.00
Price to Rent Ratio - Outside of Centre: 9.65
Gross Rental Yield (City Centre): 10.00%
Gross Rental Yield (Outside of Centre): 10.37%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,562.56 $ 1,200.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,240.00 $ 1,000.00-1,550.00
Apartment (3 bedrooms) in City Centre 3,175.00 $ 2,800.00-5,200.00
Apartment (3 bedrooms) Outside of Centre 2,235.80 $ 1,779.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 334.99 $ 219.99-565.00
Price per Square Feet to Buy Apartment Outside of Centre 242.66 $ 219.99-288.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,867.79 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.60 6.19-6.80

These data are based on 88 entries in the past 18 months from 29 different contributors.
Last update: April 2024

Sources and References
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