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Multi-family Homes in Knoxville, TN

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Top Reasons To Live In Knoxville, TN In 2024

Knoxville is located in Knox, Tennessee, with an estimated municipal population of 187,603 residents. All of the best foreclosed homes for sale in Knoxville are located in the following zip code areas on Foreclosure.com: 37918 37912 37909 37902 37924 37920 37921 37922 37923 37919 37915 37914 37917 37916 37901 37927 37928 37929 37939 37950 37995 37996 37997. The estimated population per square kilometer (.62 miles) in Knoxville is 733.


Cost Of Living In Knoxville, TN

So, about how much do homes cost in Knoxville? The most recent median value of resident-owned homes in Knoxville is 135,668. An estimated 45.9 percent of households in Knoxville own their homes, with an average family size of 2.95. The median household income in Knoxville is 40,341, with14.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Knoxville, the median commute time of resident workers (in minutes) is 20.5. And last, but certainly not least, are you looking for homes to rent in Knoxville? If so, the average rent price paid by renters in Knoxville is 845, according to recent statistics.


Diversity And Demographics In Knoxville, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Knoxville, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Knoxville is 32.7, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Knoxville is 35, with an average family size of 2.95.

The percentage of residents who report their race in Knoxville is as follows:

White 76.1%
Black / African American 17%
Asian 1.8%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.1%
Other 1.6%

Looking for family-friendly neighborhoods in and/or near Knoxville? Or maybe you are searching for 55+ active adult communities in and/or near Knoxville?

The percentage of residents who report their age in Knoxville is as follows:

Under 10 11.3%
Aged 10-19 11.7%
20s 22.8%
30s 13.4%
40s 10.7%
50s 11.2%
60s 9.6%
70s 5.5%
80+ 3.7%

Best Schools In Knoxville, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Knoxville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Knoxville.


Pros And Cons Of Living In Knoxville, Tennessee

How do you know that living in -- or moving to -- Knoxville is right where you need to be? Perhaps you grew up in Knoxville or already live nearby; therefore, the decision to buy a home in Knoxville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Knoxville for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Knoxville:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Knoxville.


Reasons To Move To Knoxville, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Knoxville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Knoxville, meanwhile, can field multiple offers from more qualified buyers.

Knoxville, TN Multi-family Homes Foreclosures


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