Knoxville, TN Real Estate

The Knoxville real estate market offers great opportunities for any home buyer. The diversity of housing types and reasonable prices mean it's easy to make Knoxville your home.

The varied real estate of Knoxville

The city of Knoxville occupies an area of about 98 square miles. Of this area, about 5 square miles are the urban "downtown" area, including the business district and the expansive main campus of the University of Tennessee. Some of the older buildings downtown are being converted to condominiums and lofts, providing the opportunity for an urban lifestyle. Close in to the downtown area are historic residential neighborhoods such as Ft. Sanders and 4th and Gill.

Beyond this downtown area are suburban areas extending in all directions. Old North Knoxville began first, in the late 1800s. Soon after, development of East Knoxville began. South Knoxville, on the other side of the Tennessee River, followed at about this same time. Westward expansion came later, accelerated by the Manhattan Project's development of Oak Ridge.

"The great diversity of neighborhoods and housing types in Knoxville means that the city offers something for everyone..."

In spite of all this development, there are still rural areas in close to Knoxville, usually no more than a mile or two from the city limits. Undeveloped land is available and affordable. The great diversity of neighborhoods and housing types in Knoxville means that the city offers something for everyone - no matter your price range or lifestyle, you can find something that will work for you.

Affordable Homes In Knoxville

The Knoxville real estate market offers great value. Real estate prices here are relatively low, and appreciation in 2007 is projected to be about 3%. This stands in stark contrast to the hyperinflated prices in some other parts of the country that have created the "real estate bubble" we've all heard about. The sensible rate of appreciation in Knoxville has kept homes affordable for local residents and a bargain for people relocating from most other parts of the country.

In addition to reasonable housing prices, Knoxville also has lower property taxes than many other parts of the country. For those who live in incorporated parts of the city, the combined city and county taxes on a $100,000 house are typically below $1,500.  Those with a Knoxville mailing address who live outside the incorporated parts of the city pay only county taxes. This represents a tax savings of roughly 50%.

Weichert, Realtors®
Advantage Plus
114 Lovell Road, Suite 102
Knoxville, TN 37934

Office: (865) 474-7100
Fax: (865) 474-7101

Contact Us
Licensed in the State of Tennessee

Knoxville article at Wikipedia
Knox County Schools
City of Knoxville website
Metropolitan Planning Commission
Search Knoxville listings in MLS