Knoxville, TN

Population: 180,761
Average annual home appreciation rate: -4.89
Total of homes for sale in this market:
Median home price: 126,760
Median Rent: 529
Home price range: 42.13% of the homes are between $95,001 – $191,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 55.04% of homes are Single Family Detached
Number of vacant homes: 9.03%
Number of renters: 48.43
Number of owner occupied: 51.57
Number people living below poverty level: 24.10
Unemployment rate: 7.40
Is this area perfect for real estate deals going on right now? Knoxville is another American city that isn’t on the rebound YET for the housing market. What that means to the savvy investor, is to take advantage of the market while it is lower, and get in front of the massive growth that will be coming as the market starts to recover across the nation. Those who are able to buy their properties in the Knoxville economy now will be set and ready for the appreciation to increase right along side property values. This is a great market to take advantage of distressed properties to buy and hold, rehab, and rent.

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