Real Estate Investing in Knoxville, Tennessee (37931)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37931 (Knoxville, TN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 (37931)?
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Market Analysis: 37931 Knoxville
The 37931 ZIP in Knoxville, TN is a local-operator market. Outside capital chasing a $439K entry has to pair deep knowledge with the discount.
For an experienced owner, 37931 can be a a solid fit for hunting ground — but the discount at $439K reflects genuine risk that outside investors often underestimate.
Regionally, 37931 sits on the difficult end of the TN spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 37931 ZIP's population of 31,149 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The 37931 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 37931
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $288,367 | $1,840 | 4.6% | +11.2% | $144,184 |
| 3BR | $402,480 | $2,330 | 4.2% | +10.6% | $134,160 |
| 4BR | $497,040 | $2,720 | 3.9% | +9.9% | $124,260 |
| 5BR | $577,388 | — | — | +10.0% | $115,478 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37931 Compare?
| Metric | 37931 | Knoxville | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $438,568 | $207,092 | N/A | $327,001 |
| 5-Year CAGR | 7.5% | 8.7% | N/A | 7.7% |
| Avg Rent | $1,715 | $1,756 | N/A | - |
| Cap Rate | 3.1% | 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 37931 (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 | $438,568 |
| Monthly Rent | $1,715 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 37931
Population: 31,149
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 37931
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 investment strategy works best in Knoxville, TN?
In Knoxville, TN the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $439K prices and $1,715/mo rents suits that approach.
Are landlord laws favorable in Knoxville, TN?
Knoxville, TN operates under TN law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How strong is Knoxville, TN for real estate investors?
Knoxville, TN scores 3.0/5 for investability. Home values sit at $439K and rents near $1,715/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strong is the working-renter base in Knoxville, TN?
The renter base in Knoxville, TN is reasonable for the $1,715/mo price point. Screening well and pricing to market typically yields steady tenants.
How tight is the rental market in Knoxville, TN?
Vacancy risk in Knoxville, TN is elevated. That supports steady cash flow for typical rental holds.
You know 37931 now. You don’t know where it ranks.
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How 37931 ranks in Knoxville, TN
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