Real Estate Investing in Knoxville, Tennessee (37915)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37915 (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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 16.5% of homes vacant — above national norms.
- Elevated poverty: 45.7% poverty rate — can affect rent collection.
- Lower household income: $21,639 median — tenant affordability is tighter.
What’s happening in Knoxville, TN (37915)?
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Market Analysis: 37915 Knoxville
From a cash-flow lens, ZIP 37915 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $204K median. It rewards specialists, not generalists.
Rent of $1,724/mo on a $204K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37915 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Knoxville have seen price recovery that 37915 has not matched. Knox County data supports the view that the spread is structural rather than temporary.
The 37915 ZIP's population of 6,124 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 37915 is an operator game, not a passive one. Meanwhile, entry prices of $204K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Knoxville:
Property Strategy for 37915
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,177 | $1,220 | 5.3% | +12.7% | $83,089 |
| 3BR | $215,624 | $1,550 | 5.2% | +11.4% | $71,875 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37915 Compare?
| Metric | 37915 | Knoxville | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $204,364 | $207,092 | N/A | $327,001 |
| 5-Year CAGR | 7.6% | 8.7% | N/A | 7.7% |
| Avg Rent | $1,724 | $1,756 | N/A | - |
| Cap Rate | 6.6% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37915 (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 | $204,364 |
| Monthly Rent | $1,724 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 14.2% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +11.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37915
Population: 6,124
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 37915
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Belle Morris Elementary
Christenberry Elementary
Whittle Springs Middle School
Fulton High School
Dr. Paul L. Kelley Volunteer Academy
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 798 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in Knoxville, TN?
Knoxville, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What kind of tenants rent in Knoxville, TN?
Tenant demand in Knoxville, TN is solid. The local workforce $1,724/mo rents across most rental classes.
How strong are rents in Knoxville, TN?
Expect rents around $1,724/mo per month in Knoxville, TN. With home values at $204K, the yield math works out to reasonable levels for rental investors.
Does Knoxville, TN favor landlords or tenants?
Knoxville, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is housing expensive in Knoxville, TN?
Expect median prices around $204K in Knoxville, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 37915 now. You don’t know where it ranks.
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How 37915 ranks in Knoxville, TN
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