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Knoxville city, TN

ZIP 37902 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37902

Median Home Value
$570,700
Median Rent
$1,185
Affordability Snapshot
$157,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,666/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

10.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

40.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37902 in Knoxville city, TN, a household would need roughly $157,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,666. That is about 178% above the local median household income ($56,397), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
19.5%-70% vs US avg
x
Vacancy Rate
21.9%+112% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
29.5%-41% vs US avg
x
Mortgage-Free
16.8%-56% vs US avg
x
$570,700
Home Value
$1,185
Rent
1968
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached0.9%
  • 1-unit attached1.4%
  • 2-9 units12.4%
  • 10+ units85.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$570,700
Median rent$1,185
Owner-occupied19.5%
Vacant21.9%
Price-to-income10.1x
Est. income to buy$157,000