Property Prices in Knoxville, TN, United States

Index Info
Price to Income Ratio: 3.14
Mortgage as Percentage of Income: 28.30%
Loan Affordability Index: 3.53
Price to Rent Ratio - City Centre: 6.69
Price to Rent Ratio - Outside of Centre: 8.04
Gross Rental Yield (City Centre): 14.95%
Gross Rental Yield (Outside of Centre): 12.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,507.88 $ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,387.50 $ 1,200.00-1,550.00
Apartment (3 bedrooms) in City Centre 3,175.00 $ 2,800.00-3,700.00
Apartment (3 bedrooms) Outside of Centre 2,350.00 $ 1,800.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 219.99 $ 219.99-219.99
Price per Square Feet to Buy Apartment Outside of Centre 219.99 $ 219.99-219.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,767.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.58 6.19-6.80

These data are based on 80 entries in the past 18 months from 29 different contributors.
Last update: February 2024

Sources and References
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