Cities with the fastest growing home prices in Knoxville metro area

Written by:
January 19, 2023
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Knoxville metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Knoxville, TN metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 48 cities and towns in Knoxville.

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Stacker

#30. Lafollette, TN

- 1-year price change: +$28,008 (+18.7%)
- 5-year price change: +$66,862 (+60.2%)
- Typical home value: $177,891 (#34 most expensive city in metro)
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#29. Clinton, TN

- 1-year price change: +$29,725 (+11.6%)
- 5-year price change: +$129,647 (+83.2%)
- Typical home value: $285,552 (#20 most expensive city in metro)
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#28. Tallassee, TN

- 1-year price change: +$30,261 (+16.7%)
- 5-year price change: +$99,838 (+89.3%)
- Typical home value: $211,667 (#28 most expensive city in metro)
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#27. Mascot, TN

- 1-year price change: +$31,135 (+15.2%)
- 5-year price change: +$109,489 (+86.3%)
- Typical home value: $236,420 (#26 most expensive city in metro)
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#26. Caryville, TN

- 1-year price change: +$31,830 (+19.0%)
- 5-year price change: +$75,534 (+60.8%)
- Typical home value: $199,719 (#32 most expensive city in metro)

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#25. Norris, TN

- 1-year price change: +$35,056 (+9.1%)
- 5-year price change: +$164,592 (+64.2%)
- Typical home value: $421,111 (#5 most expensive city in metro)
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#24. Oak Ridge, TN

- 1-year price change: +$36,954 (+15.7%)
- 5-year price change: +$130,666 (+92.6%)
- Typical home value: $271,844 (#22 most expensive city in metro)
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#23. Maynardville, TN

- 1-year price change: +$37,082 (+19.2%)
- 5-year price change: +$91,799 (+66.1%)
- Typical home value: $230,623 (#27 most expensive city in metro)
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#22. Heiskell, TN

- 1-year price change: +$37,512 (+14.5%)
- 5-year price change: +$136,958 (+85.9%)
- Typical home value: $296,391 (#19 most expensive city in metro)
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#21. Jacksboro, TN

- 1-year price change: +$37,743 (+18.7%)
- 5-year price change: +$85,979 (+55.9%)
- Typical home value: $239,924 (#25 most expensive city in metro)

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#20. Philadelphia, TN

- 1-year price change: +$38,744 (+18.7%)
- 5-year price change: +$104,805 (+74.4%)
- Typical home value: $245,578 (#24 most expensive city in metro)
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#19. Plainview, TN

- 1-year price change: +$41,381 (+20.1%)
- 5-year price change: +$101,128 (+69.2%)
- Typical home value: $247,209 (#23 most expensive city in metro)
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#18. Corryton, TN

- 1-year price change: +$43,154 (+16.7%)
- 5-year price change: +$141,559 (+88.4%)
- Typical home value: $301,702 (#17 most expensive city in metro)
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#17. Andersonville, TN

- 1-year price change: +$44,002 (+14.4%)
- 5-year price change: +$150,376 (+75.4%)
- Typical home value: $349,722 (#13 most expensive city in metro)
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#16. Alcoa, TN

- 1-year price change: +$44,756 (+19.6%)
- 5-year price change: +$135,551 (+98.3%)
- Typical home value: $273,459 (#21 most expensive city in metro)

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#15. Rockford, TN

- 1-year price change: +$45,624 (+18.0%)
- 5-year price change: +$140,908 (+88.8%)
- Typical home value: $299,564 (#18 most expensive city in metro)
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#14. Kingston, TN

- 1-year price change: +$45,692 (+17.3%)
- 5-year price change: +$128,592 (+71.2%)
- Typical home value: $309,224 (#16 most expensive city in metro)
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#13. Knoxville, TN

- 1-year price change: +$52,503 (+18.4%)
- 5-year price change: +$161,504 (+91.3%)
- Typical home value: $338,376 (#15 most expensive city in metro)
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#12. Powell, TN

- 1-year price change: +$53,243 (+18.6%)
- 5-year price change: +$161,561 (+90.8%)
- Typical home value: $339,551 (#14 most expensive city in metro)
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#11. Sharps Chapel, TN

- 1-year price change: +$54,301 (+17.3%)
- 5-year price change: +$149,516 (+68.2%)
- Typical home value: $368,780 (#9 most expensive city in metro)

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#10. Ten Mile, TN

- 1-year price change: +$56,734 (+18.2%)
- 5-year price change: +$146,146 (+65.7%)
- Typical home value: $368,751 (#10 most expensive city in metro)
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#9. Lenoir City, TN

- 1-year price change: +$60,111 (+19.7%)
- 5-year price change: +$154,597 (+73.2%)
- Typical home value: $365,899 (#11 most expensive city in metro)
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#8. Maryville, TN

- 1-year price change: +$61,375 (+20.9%)
- 5-year price change: +$170,669 (+92.6%)
- Typical home value: $354,921 (#12 most expensive city in metro)
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#7. Walland, TN

- 1-year price change: +$62,630 (+19.6%)
- 5-year price change: +$186,040 (+94.9%)
- Typical home value: $381,981 (#8 most expensive city in metro)
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#6. Greenback, TN

- 1-year price change: +$66,605 (+19.3%)
- 5-year price change: +$190,451 (+86.4%)
- Typical home value: $410,903 (#6 most expensive city in metro)

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#5. Friendsville, TN

- 1-year price change: +$67,854 (+21.1%)
- 5-year price change: +$184,140 (+89.9%)
- Typical home value: $388,954 (#7 most expensive city in metro)
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#4. Loudon, TN

- 1-year price change: +$80,314 (+21.6%)
- 5-year price change: +$202,345 (+80.9%)
- Typical home value: $452,411 (#4 most expensive city in metro)
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#3. Louisville, TN

- 1-year price change: +$80,686 (+21.3%)
- 5-year price change: +$220,466 (+92.2%)
- Typical home value: $459,530 (#3 most expensive city in metro)
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#2. Townsend, TN

- 1-year price change: +$93,963 (+24.2%)
- 5-year price change: +$260,902 (+117.5%)
- Typical home value: $482,990 (#2 most expensive city in metro)
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#1. Farragut, TN

- 1-year price change: +$95,281 (+17.3%)
- 5-year price change: +$281,483 (+77.3%)
- Typical home value: $645,487 (#1 most expensive city in metro)

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