Real Estate Investing in Knoxville, Tennessee (37909)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37909 (Knoxville, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Knoxville, TN (37909)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37909 Knoxville
Turning to rents, ZIP 37909 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $383K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37909 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within TN, ZIP 37909 trails on several market indicators that neighboring Knox County submarkets outperform. The gap is real and solid enough to shape underwriting.
A substantial renter share of 55% in 37909 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 37909 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Knoxville:
Property Strategy for 37909
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $269,342 | $1,470 | 3.9% | +9.7% | $134,671 |
| 3BR | $369,665 | $1,860 | 3.6% | +11.1% | $123,222 |
| 4BR | $508,305 | $2,170 | 3.1% | +11.6% | $127,076 |
| 5BR | $690,496 | — | — | +12.8% | $138,099 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37909 Compare?
| Metric | 37909 | Knoxville | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $383,055 | $207,092 | N/A | $327,001 |
| 5-Year CAGR | 8.2% | 8.7% | N/A | 7.7% |
| Avg Rent | $1,549 | $1,756 | N/A | - |
| Cap Rate | 3.2% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37909 (Knoxville, TN). Anonymous, moderated, never written by AI.
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Property managers serving Knox County
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📊 Market Snapshot
| Home Value | $383,055 |
| Monthly Rent | $1,549 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | -22.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37909
Population: 16,848
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37909
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Pleasant Ridge Elementary
West View Elementary
Lonsdale Elementary
West Hills Elementary
Maynard Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,984 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is house hacking profitable in Knoxville, TN?
House hacking works a challenging in Knoxville, TN. Rents of $1,549/mo against $383K acquisition make the strategy solid for owner-occupants.
What is the investability score for Knoxville, TN?
Knoxville, TN reports an investability rating of 3.0/5, with median home values near $383K and average rents around $1,549/mo. That combination puts it in the notable tier for investor interest.
What kind of tenants rent in Knoxville, TN?
Tenant quality in Knoxville, TN ranks as solid. Landlords generally report stable occupancy at market rents of $1,549/mo.
Where do rents currently stand in Knoxville, TN?
The typical rental in Knoxville, TN commands about $1,549/mo monthly. That rent profile predictable cash flow against the $383K purchase basis.
Is TN a landlord-friendly state?
The landlord environment in Knoxville, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 37909 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37909 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37909 ranks in Knoxville, TN
Every ZIP in this metro, ranked. Free.
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