Real Estate Investing in Knoxville, Tennessee (37932)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37932 (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 (37932)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37932 Knoxville
ZIP 37932 inside Knox County looks affordable on the surface — median value of $540K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $2,153/mo on a $540K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37932 sits below the stated 0.0% once reality is priced in.
ZIP 37932's metrics run below Knox County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 37932 includes headwinds that any investor should price in. Income distribution skews lower than Knoxville averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 37932 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Knoxville:
Property Strategy for 37932
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $284,749 | $1,910 | 4.8% | +12.4% | $142,374 |
| 3BR | $456,715 | $2,420 | 3.8% | +10.9% | $152,238 |
| 4BR | $589,650 | $2,820 | 3.4% | +10.2% | $147,412 |
| 5BR | $692,444 | — | — | +9.4% | $138,489 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37932 Compare?
| Metric | 37932 | Knoxville | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $540,459 | $207,092 | N/A | $327,001 |
| 5-Year CAGR | 7.5% | 8.7% | N/A | 7.7% |
| Avg Rent | $2,153 | $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 37932 (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 | $540,459 |
| Monthly Rent | $2,153 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 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 37932
Population: 23,330
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 37932
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 price range are homes in Knoxville, TN?
Median home price in Knoxville, TN is near $540K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Is TN a landlord-friendly state?
Landlord-friendliness in Knoxville, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are tenants stable in Knoxville, TN?
Working renters make up the core of the Knoxville, TN tenant base. The pool is reasonable for investors targeting long-term holds.
What is the typical vacancy rate in Knoxville, TN?
Knoxville, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which investment style suits Knoxville, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Knoxville, TN. With home values at $540K and rents near $2,153/mo, other strategies can work but produce stable rather than outsized returns.
You know 37932 now. You don’t know where it ranks.
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How 37932 ranks in Knoxville, TN
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