US5.com
  1. Home
  2. States
  3. Tennessee
  4. ZIP 37916
  5. Housing & Real Estate
Knoxville city, TN

ZIP 37916 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37916

Median Home Value
$270,000
Median Rent
$1,065
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,734/mo PITI).

71%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

15.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

21.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37916 in Knoxville city, TN, a household would need roughly $74,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,734. That is about 312% above the local median household income ($17,982), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
3.0%-95% vs US avg
x
Vacancy Rate
16.4%+59% vs US avg
x
Broadband Access
70.3%-19% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
1.6%-88% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
58.0%+17% vs US avg
x
Mortgage-Free
50.0%+31% vs US avg
x
$270,000
Home Value
$1,065
Rent
2000
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached10.4%
  • 1-unit attached1.0%
  • 2-9 units15.1%
  • 10+ units72.9%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$270,000
Median rent$1,065
Owner-occupied3.0%
Vacant16.4%
Price-to-income15.0x
Est. income to buy$74,000