Real Estate Investing in Knoxville, Tennessee (37922)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37922 (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.
- High price-to-rent: Price-to-rent ratio 29.9 — hard to cash-flow at these prices.
What’s happening in Knoxville, TN (37922)?
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Market Analysis: 37922 Knoxville
Investors eyeing 37922 need to respect the fundamentals at play. Home values of $648K come alongside slower price movement and elevated management overhead.
Rent of $1,804/mo on a $648K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37922 sits below the stated 0.0% once reality is priced in.
Put differently, 37922 offers a low basis, the region around Knoxville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 37922 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 37922 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Knoxville:
Property Strategy for 37922
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $301,532 | $2,090 | 5.0% | +10.8% | $150,766 |
| 3BR | $483,989 | $2,650 | 3.9% | +10.8% | $161,330 |
| 4BR | $690,273 | $3,090 | 3.2% | +10.9% | $172,568 |
| 5BR | $954,999 | — | — | +10.7% | $191,000 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37922 Compare?
| Metric | 37922 | Knoxville | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $647,855 | $207,092 | N/A | $327,001 |
| 5-Year CAGR | 8.1% | 8.7% | N/A | 7.7% |
| Avg Rent | $1,804 | $1,756 | N/A | - |
| Cap Rate | 2.2% | 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 37922 (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 | $647,855 |
| Monthly Rent | $1,804 |
| Price-to-Rent | 29.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | -2.1% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 37922
Population: 39,013
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 37922
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 2,984 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Knoxville, TN?
Knoxville, TN offers a consistent renter base at the $1,804/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of market is Knoxville, TN for investors?
With a 3.0/5 investability score, Knoxville, TN ranks as a solid market for rental property investors. Median prices of $648K and rents of $1,804/mo drive the underlying numbers.
Where do home prices stand in Knoxville, TN?
In Knoxville, TN the median home value sits at $648K. Against the broader TN market, that reads as reasonable for most investors.
How strict are landlord regulations in Knoxville, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Knoxville generally follows the statewide framework, so landlords face reasonable operating rules.
Is Knoxville, TN a good market for FHA house hackers?
For house hackers, Knoxville, TN is a challenging. The $1,804/mo rent on a unit helps defray the mortgage on a $648K property.
You know 37922 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37922 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 37922 ranks in Knoxville, TN
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