Nestled in the foothills of the Great Smoky Mountains, the city of Knoxville TN is a dream come true for many homebuyers. A picturesque town with a plethora of attractions and practical benefits such as a good job market and low cost of living, this charming city has almost everything any homebuyer could want.
If you’re planning on moving to Knoxville, you’re probably going to want to know a bit more than this, however. You’ll want to know all the minute but important details, such as the median home cost, investment potential and quality of the local education infrastructure. If that’s the case, you’ve come to the right place. We’ll answer all these questions and more!
All about Knoxville
Let’s start with a little refresher course on the city of Knoxville, TN. The city of Knoxville has a population of just over 180,000 residents, making it the third largest city in the state of Tennessee. Despite having a relatively small population, Knoxville is known for its artistic and cultural attractions, due to the efforts of local government to enrich local communities.
The city has a relatively moderate climate, without extremes of temperature or weather during the cold or warm seasons. This makes it a great choice for anyone who wants to skip the headache of living in an area plagued by hurricanes, blizzards and other extreme weather systems. Additionally, Knoxville has far fewer tornadoes than most other cities in Tennessee.
The history of Knoxville goes back over 200 years, at the beginnings of which the city was actually the capital of the state of Tennessee! Although the capital city has since been moved to the city of Nashville, Knoxville still plays a very active role in the academic, cultural and political landscape of the state.
Knoxville real estate market
If you’re interested in buying a home in Knoxville, then we’ve got good news for you: you chose the right place at the right time! Knoxville is home to a thriving and rapidly growing real estate market that is the perfect place for anyone seeking a good investment and a great home. What sets this market apart, you ask? Read on to find out!
Let’s start with the median home value. At around $210,000, the median home value in Knoxville is impressively low. This makes it much easier for homebuyers with limited budgets to find homes that fit their needs and their financial situation. This notwithstanding, you may have assumed that this makes Knoxville a suboptimal place to invest. You’re dead wrong!
Knoxville has seen a marked increase in property values in recent years, making it a great place to invest, regardless of your home buying budget. In fact, in the past year alone, property values have risen by over 7%. Analysts predict that this trend will continue into the foreseeable future, so investments here are also likely to accrue value over time.
If you’re interested in buying a home in this charming community, you’ll want to get in touch with one of the real estate agents in Knoxville TN. These skilled, experienced realtors will help you find a home that suits your needs and your budget, as quickly as possible. Whether you’re seeking a home, an investment, or both, they’re the people for the job.
Things to consider before buying
But there’s more to buying a home in Knoxville than just property values and investment opportunities. If you’re going to be living here, you’ll also want to know a few things about the local quality of life, and whether or not Knoxville is the right place for you. That being the case, let’s lay to rest any questions you might have about your possible new home.
Are there any good schools in Knoxville?
For those with children of any age, education is a huge factor when moving to a new city. Fortunately, Knoxville is home to several excellent educational institutions, including excellent options for elementary, middle and high schools. As for higher education, the flagship campus of the University of Tennessee is a great option, and it’s right in the heart of the city!
What is the crime rate in Knoxville?
Unfortunately, living in Knoxville does come with its drawbacks. Most prominent among these drawbacks is the city’s crime rate, which is substantially higher than the national average. With worryingly high rates of violent and property crime, you may have to take your safety and your family’s safety before making Knoxville your home.
Is renting a viable option in Knoxville?
If you’re on a limited budget, buying a home might not be feasible when moving to a new city. This leaves you with one option: renting. If you’re planning on renting in Knoxville, you’ll find that average rent prices are very reasonable at an average rate of just under $1,100 a month. While not exceptionally low, you’ll still be paying significantly less than renters in many other cities.
Regardless of whether or not you choose to make the city of Knoxville your home, we think it’s safe to say that this city has plenty of things going for it. What’s more, if you’re looking for a place to live, this might just be it. You never know; after doing some searching, you might soon be calling the city of Knoxville your home!