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Knox County, TN

RANK #713 / 996  ·  POP 481,406  ·  TN

PROJECTED GROWTH: -0.1%

Knox County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Knox County?

Knox County, Tennessee, stands out for its connection to the Great Smoky Mountains and its urban wilderness, offering over 60 miles of trails for hiking, biking, and paddling within the city of Knoxville. The county seat, Knoxville, sits at the geographical center of the Great Valley of East Tennessee, where the Holston and French Broad rivers converge to form the Tennessee River. Commuting within Knox County is primarily car-dependent, though Knoxville Area Transit (KAT) provides bus and trolley services within the city and to the university area. The community offers a blend of urban amenities and access to natural scenery.

Life in Knox County balances urban living with outdoor access, appealing to families and outdoor enthusiasts. The public school system, Knox County Schools, serves approximately 60,000 students and offers a range of options including traditional, magnet, and career/technical schools. The local economy has experienced growth, particularly since 2021, with major investment flowing into commercial and residential development, as well as energy-related sectors. The University of Tennessee, Knoxville, also contributes significantly to the local economy and cultural landscape.

[02] Market Snapshot

Housing Ratio
3.5x

Undervalued relative to economy

GDP Growth
+3.2%

Above national median

Home Prices
+0.7%

Well below national median

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Knox County U.S. National

The Numbers

DEMOGRAPHICS
Population
481,406
+1.29% YoY
Median Household Income
$68,580
Median Home Value
$248,200
+0.66% 12mo
Median Rent
$1,097
Average Annual Pay
$65,043
+4.0% YoY
Employment
260,373
+1.2% YoY
Income-to-Home-Value
0.2763
More affordable than average
Migration Inflow
3.37%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$388,500
Days on Market
81
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
98.1%
Near asking price
Sold Above List
16.8%
Listings w/ Price Drops
19.9%
Building Permits (2024)
4,508
Single-Family Permits
2,544

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$291M
TOTAL
PROJECT AMOUNT STATUS
KUB/TVA/Origis Energy Solar Investment (Knoxville's Share)
Knoxville Utilities Board, Tennessee Valley Authority, Origis Energy
$125M Under Construction
Livano Knoxville Apartments
Capital Square / LIV Development
$116M Planned
Advance Knox Transportation Infrastructure Improvements
Knox County
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.2% 60 percentile
Population Growth +1.3% 78 percentile
Income Growth +9.0% 64 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change +0.7% 40 percentile
Rent Growth +0.9% 18 percentile
Price/Rent 12x 68 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Knox County, TN a good place to move to?

Knox County has a Boom Town Index score of 28/100, ranking #713 among 996 U.S. counties. With job growth at +1.2% and a median household income of $68,580, it faces some economic headwinds compared to faster-growing counties.

Is Knox County affordable?

The median home value in Knox County is $248,200 with median rent at $1,097/month. The income-to-home-value ratio is 0.2763, which is more affordable than the national average.

Is Knox County growing or shrinking?

Population growth: +1.3% year-over-year. Job growth: +1.2%. Home values changed +0.7% in the past 12 months.

Are people moving to Knox County?

Yes — 3.37% of Knox County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Cowlitz County, WA 38 Anderson County, SC 38 Georgetown County, SC 38 Kershaw County, SC 38 Utah County, UT 38 Morgan County, AL 38 Johnson County, IN 38 Jefferson Parish, LA 38