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Knox County, TN

District 6

RANK #744 / 996 NAT  ·  #24 / 33 TN  ·  POP 481,406

1YR FORECAST: -0.3%

5YR OUTLOOK: +17%

Our model projects Knox County's housing market at -0.3% over the next year, underperforming most U.S. counties.

[01] Why Knox County?

Knox County, Tennessee, stands out for its connection to the Great Smoky Mountains and its urban wilderness, offering over 60 miles of trails for hiking, biking, and paddling within the city of Knoxville. The county seat, Knoxville, sits at the geographical center of the Great Valley of East Tennessee, where the Holston and French Broad rivers converge to form the Tennessee River. Commuting within Knox County is primarily car-dependent, though Knoxville Area Transit (KAT) provides bus and trolley services within the city and to the university area. The community offers a blend of urban amenities and access to natural scenery.

Life in Knox County balances urban living with outdoor access, appealing to families and outdoor enthusiasts. The public school system, Knox County Schools, serves approximately 60,000 students and offers a range of options including traditional, magnet, and career/technical schools. The local economy has experienced growth, particularly since 2021, with major investment flowing into commercial and residential development, as well as energy-related sectors. The University of Tennessee, Knoxville, also contributes significantly to the local economy and cultural landscape.

[02] Market Snapshot

Housing Ratio
3.5x

Undervalued relative to economy

GDP Growth
+3.2%

Above national median

Home Prices
+0.7%

Well below national median

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Covenant Health Healthcare
    10,000+
  2. 2
    Tennessee Valley Authority (TVA) Energy
  3. 3
    The University of Tennessee, Knoxville Education
    5,000+
  4. 4
    Knox County Schools Education
  5. 5
    Walmart Retail
  6. 6
    University Health System (UT Medical Center) Healthcare
  7. 7
    DENSO Manufacturing Tennessee Manufacturing
  8. 8
    K-VA-T Food Stores (Food City) Retail
    2,500+
  9. 9
    State of Tennessee (regional offices) Government
  10. 10
    Knox County Government Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Knox County U.S. National

The Numbers

DEMOGRAPHICS
Population
481,406
+1.29% YoY
Median Household Income
$68,580
Median Home Value
$248,200
+0.66% 12mo
Median Rent
$1,097
Average Annual Pay
$65,043
+4.0% YoY
Employment
260,373
+1.2% YoY
Income-to-Home-Value
0.2763
More affordable than average
Migration Inflow
3.37%
of pop. from another state
Bachelor's Degree+
39.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$388,500
Days on Market
81
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
98.1%
Near asking price
Sold Above List
16.8%
Listings w/ Price Drops
19.9%
Building Permits (2024)
4,508
Single-Family Permits
2,544

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.0
per 100K · nat avg 6.3
Firearm Fatalities
17.5
per 100K · nat avg 14.8
Injury Deaths
140.3
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
51.0
Moderate
Good Air Days
46%
500 of 1,095 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
52
2022
49
2023
52
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$291M
TOTAL
PROJECT AMOUNT STATUS
KUB/TVA/Origis Energy Solar Investment (Knoxville's Share)
Knoxville Utilities Board, Tennessee Valley Authority, Origis Energy
$125M Under Construction
Livano Knoxville Apartments
Capital Square / LIV Development
$116M Planned
Advance Knox Transportation Infrastructure Improvements
Knox County
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.2% 60 percentile
Population Growth +1.3% 78 percentile
Income Growth +9.0% 64 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change +0.7% 40 percentile
Rent Growth +0.9% 18 percentile
Price/Rent 12x 68 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Knox County, TN a good place to move to?

At 25/100, Knox County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $68,580 combined with job growth of +1.2% suggests the local economy is struggling to keep pace with national trends.

Is Knox County affordable?

Housing in Knox County is roughly in line with national affordability norms. The median home costs $248,200 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,097/month. Not a bargain, but not a stretch for most local earners either.

Is Knox County growing or shrinking?

Knox County is growing on multiple fronts. Population is up +1.3% year-over-year while employers added jobs at a +1.2% clip. Home values shifted +0.7% in the past year.

Are people moving to Knox County?

There's a moderate stream of newcomers. About 3.37% of residents moved from another state, which is above average and suggests Knox County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Maury County, TN 25 Sumner County, TN 25 Williamson County, TN 26 Wilson County, TN 27 Putnam County, TN 27 Loudon County, TN 23 Leon County, FL 25 Charleston County, SC 24