Real Estate Investing in Knoxville, Tennessee (37920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37920 (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.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
What’s happening in Knoxville, TN (37920)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37920 Knoxville
ZIP 37920 inside Knox County looks affordable on the surface — median value of $325K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,915/mo on a $325K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37920 sits below the stated 0.0% once reality is priced in.
The gap between 37920 and stronger Knoxville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 37920 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 37920, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Knoxville:
Property Strategy for 37920
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $191,519 | $1,070 | 4.0% | +12.4% | $191,519 |
| 2BR | $236,192 | $1,330 | 4.1% | +13.5% | $118,096 |
| 3BR | $329,703 | $1,680 | 3.7% | +12.3% | $109,901 |
| 4BR | $439,521 | $1,960 | 3.2% | +12.0% | $109,880 |
| 5BR | $513,926 | — | — | +11.7% | $102,785 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37920 Compare?
| Metric | 37920 | Knoxville | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $324,675 | $207,092 | N/A | $327,001 |
| 5-Year CAGR | 9.4% | 8.7% | N/A | 7.7% |
| Avg Rent | $1,915 | $1,756 | N/A | - |
| Cap Rate | 4.6% | 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 37920 (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 | $324,675 |
| Monthly Rent | $1,915 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 14.0% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +10.2% ▲ |
🏠 Rent Trends
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 37920
Population: 43,509
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 37920
Schools in This ZIP Code
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
What is the median home value in Knoxville, TN?
Typical homes in Knoxville, TN go for around $325K. The 5-year CAGR of 0.0% even-keeled price movement.
What kind of tenants rent in Knoxville, TN?
Knoxville, TN offers a consistent renter base at the $1,915/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does house hacking work in Knoxville, TN?
House hacking works a challenging in Knoxville, TN. Rents of $1,915/mo against $325K acquisition make the strategy solid for owner-occupants.
What is the smart move for investors in Knoxville, TN?
Most investors in Knoxville, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Where do rents currently stand in Knoxville, TN?
The typical rental in Knoxville, TN commands about $1,915/mo monthly. That rent profile even-keeled cash flow against the $325K purchase basis.
You know 37920 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37920 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 37920 ranks in Knoxville, TN
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