What's The Average Home Price In Knoxville TN?
For those who plan on moving to a new town, researching ahead of time is an important part of the decision making process. If you’re planning on moving to Knoxville, you’ve no doubt done a great deal of that very research. You may have researched things like Knoxville’s crime rates and the education infrastructure, but there’s something else you may be wondering about: the average price of a home in Knoxville, Tennessee.
As you probably already know, the average home price is something that can have a great deal of influence on whether or not you decide to make a city your home. This factor determines not only whether or not you’ll be able to afford a home in your desired destination, but whether or not that home will be a financially advantageous investment. This being the case, let’s take a quick look at the average home price in Knoxville TN.
Real estate market in Knoxville, Tennessee
If you have your heart set on making the city of Knoxville your home, you’ll be happy to know that this market is home to a very acceptable home price and great investment value. In addition to an impressively low median home price, property in Knoxville is currently appreciating rapidly, making this a great place to invest as well.
The average home price in Knoxville TN is currently just a bit above $210,000, placing it well below the national average of $294,000. For those with limited budgets, this will no doubt come as a pleasant surprise. Moreover, property values in Knoxville are appreciating at a yearly rate of over 7%, making this a great place to invest.
If you want to make this delightful city your home, you can do so by contacting one of the real estate agents in Knoxville TN. These skilled, experienced real estate professionals will do their best to find you a home that me
Popular Real Estate Questions
Popular Real Estate Glossary Terms
An Act, passed by congress in order to prevent the practice of redlining and disinvestments in central city areas. Redlining is a practice in which lenders refuse to make loans in certain ...
Costs taken over an above what one is entitled to. This can occur either by claiming depreciation costs exceeding actual depreciable value or by depreciating items that cannot be ...
The process of upgrading unusable land through making physical improvements. For example, swamp land can be drained and filled in order to make it usable. Barren land can be reforested by ...
When you hear someone mentioning aesthetic value in connection with real estate, that person is using aesthetic value as a way to point price appreciation added to the property because of ...
Pipes from a structure to a sewer for the purpose of sewage disposal. ...
The definition of Fair Market Value in the real estate business is the highest amount that could be received on the sale of a property when there are a willing buyer and a willing seller. ...
Large heavy piece of wood or other material generally running horizontally through a building providing support for other parts of the structure. The stringer usually runs in the direction ...
Provision in a mortgage permitting the owner of property to transfer the mortgage to a buyer. ...
Same as term plat book: Listing of all of the plats of subdivided plots in a jurisdiction showing the location, boundaries, and plat owners. A plat book normally shows other improvements ...
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