Knoxville Real Estate Market Overview
Public School Ranking:
Selling a House in Knoxville, TN
The median home value in Knoxville is $200,650. If you’re a homeowner looking to move, we advise selling in the month of June for the highest price. If you’re looking for the quickest sale, we suggest aiming for the month of August. Selling in June can earn you 5.55% more than the annual average, while selling in August can give you a sale 14 days faster than the annual average. For those interested in both a quick and financially beneficial sale, using an iBuyer is your best bet. An iBuyers job is to provide homeowners with a reasonable price for their home, in a reasonable amount of time. A major contributor to their increasing popularity is the fact they can work within your desired time-frame, unlike other real estate options. For more information, talk to an iBuyer that works within your residential area.
Location & Weather
Knoxville is in Knoxville county, and is the 3rd largest city in Tennessee. It is located in the eastern region of the state and is considered a part of the Appalachian area. Knoxville is a city known for valuing its history and heritage, and offers its residents many opportunities to enjoy nature, adventure, nightlife, and shopping. Most activities are free, family-friendly or even pet-friendly. Some of these bigger attractions include Knoxville’s Urban Wilderness, Ramsey Cascades waterfall, Concord Park, the Knoxville Museum of Art, East Tennessee History Center, and Market Square, the perfect place to shop for those who love either local boutiques or luxury name brands. With the Tennessee River flowing through the downtown area of city, it’s even a great place for the out-door enthusiast and water-sport fan. The city offers plenty of different areas for residents and tourists to paddle board, rock climb, golf, zip line, and even skateboard.
The weather in Knoxville consists of hot summer and wet winters. Summer temperatures are typically in the high 80’s and low 60’s, while winters temperatures reach highs in the 50’s and lows in the 30’s.
Population, Job Market & Cost of Living
The population in Knoxville is 191,060, and has a current growth rate of 0.94% annually. Job growth in this city has increased by 0.9% over the last year and in ten years, is predicted to have increased by 37.5%. Some of the larger industries in Knoxville include retail trade, healthcare and social assistance and accommodations and food services. The biggest companies to work for include Regal Cinemas, TeamHealth, Pilot Travel Centers, Tennessee Valley Authority, and University of Tennessee. The cost of living is less than most metro areas, and is lower than the national average.
Knoxville is the ideal city for someone looking to work, live and play in an environment that caters to a variety of different interests. Knoxville is also an affordable place to live, which is why people from all over find a home in its expanding city.