Knoxville, Tennessee is a medium-sized city with a population of 183,927 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (75% White). Given that fact, Knoxville could be considered less diverse than other cities. Knoxville tends to attract a younger crowd, as the median age of 33 is far below the national average.
Living in Knoxville can be a fulfilling experience for anyone moving to the town. Having said that, in the state of Tennessee, there are many amazing places to live, so choose wisely! Using the livability score which includes data from categories like amenities, crime, cost of living, education, housing, you can easily compare the best places to live in Knoxville and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Knoxville to Tennessee and the national average.
The livability score in Knoxville is 69/100 and the city is ranked in the 56th percentile of all cities across America. Based on the grades for each individual category, Knoxville has been rewarded with high marks for amenities (A+) and cost of living (A-). On a more negative note, Knoxville does not have favorable ranks for the following: crime (F) and employment (D-). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Knoxville on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the interesting things to do and attractions include: Market Square, Knoxville Zoological Gardens, and University of Tennessee.
Knoxville real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Knoxville. The median home price for Knoxville homes is $120,300, which is 17.6% lower than the Tennessee average. If we take a closer look at the affordability of homes in Knoxville, we’ll see that the home price to income ratio is 3.5, which is 12.9% higher than the Tennessee average. Year over year appreciation rates for homes in the Knoxville area were 8.1% and the 5 year appreciation rates came in at 5.6%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.