Is it expensive to live in Knoxville, TN? Look no further! In this post, I will be sharing the top 5 most expensive areas to live in Knoxville as of 2023. The data we will be sharing was obtained directly from our Knoxville Multiple Listing Service, so you can be sure that the information is accurate and up-to-date. If you’re looking to hire the best Realtor in knoxville, Tn contact us today!
High Cost Places to Live Knoxville, TN
- Starting with the most affordable of the five, we have the Hardin Valley area, located in the 37932 zip code. In 2022, 529 homes were sold in this area for an average sales price of $543,330. These homes spent an average of only 17 days on the market before being sold.
- Moving up the list, we have the downtown Knoxville area, which has the 37902 zip code. In 2022, 56 properties were sold in this area for an average of $649,226. However, these homes spent an average of 63 days on the market before accepting a contract.
- Next up is the Farragut area, known as the 37934 zip code. In 2022, 491 homes were sold in this area for an average of $670,000. These homes spent an average of only 12 days on the market before being sold.
- In the 37919 zip code, we had 374 homes that sold for an average sales price just slightly above $691,294. These homes spent an average of 15 days on the market before being sold.
- Finally, the most expensive zip code in Knoxville is the 37922 zip code. In 2022, we saw 674 homes sell for an average sales price of $704,485. These homes spent an average of only 15 days on the market before the homeowner accepted an offer.
Conclusion
Hopefully we’ve answered the question “is it expensive to live in Knoxville, TN?” Now you have an overview of the average sales prices and market time for different zip codes in the Knoxville area to give you a feel for what areas in Knoxville are the most expensive. It’s important to note that real estate prices can fluctuate, so be sure to stay updated on the Knoxville real estate market before making any big moves. If you’re looking to buy or sell a home in the Knoxville area, don’t hesitate to reach out to our team. Find out the most affordable areas to live in Knoxville, TN!
