Property Prices in Knoxville, TN, United States

Index Info
Price to Income Ratio: 2.48
Mortgage as Percentage of Income: 17.66%
Loan Affordability Index: 5.66
Price to Rent Ratio - City Centre: 10.63
Price to Rent Ratio - Outside of Centre: 6.07
Gross Rental Yield (City Centre): 9.40%
Gross Rental Yield (Outside of Centre): 16.46%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,214.29 $ 1,000.00-1,800.00
Apartment (1 bedroom) Outside of Centre 825.00 $ 750.00-900.00
Apartment (3 bedrooms) in City Centre 2,035.71 $ 1,500.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,250.00 $ 1,000.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 253.66 $ 214.00-293.22
Price per Square Feet to Buy Apartment Outside of Centre 94.35 $ 81.50-125.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,772.25 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.75 3.00-5.00

These data are based on 87 entries in the past 18 months from 12 different contributors.
Last update: July 2021

Sources and References
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