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Knoxville city, TN

ZIP 37924 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37924

Median Home Value
$217,300
Median Rent
$820
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,396/mo PITI).

13%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.1 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 37924 in Knoxville city, TN, a household would need roughly $60,000 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 $1,396. That sits below the local median household income ($73,794), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
77.2%+18% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
12.5%-75% vs US avg
x
Mortgage-Free
37.2%-3% vs US avg
x
$217,300
Home Value
$820
Rent
1987
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached81.6%
  • 1-unit attached2.6%
  • 2-9 units2.3%
  • 10+ units3.8%
  • Mobile home & other9.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$217,300
Median rent$820
Owner-occupied77.2%
Vacant7.3%
Price-to-income2.9x
Est. income to buy$60,000