New Construction
New construction is most active in Blount County, in Maryville and Alcoa, and in western Knox County, in Hardin Valley and Powell, with homes from $300,000 to $470,000 in growing communities.
Knoxville, Tennessee · New Homes
New homes in Knoxville.
Knoxville offers a uniquely compelling combination of the University of Tennessee's research economy, Oak Ridge National Laboratory's world-class science employment, Tennessee Valley Authority operations, and Smoky Mountains outdoor-recreation access, in a market where median home prices remain well below the national average — and no state income tax makes total cost of ownership among the lowest of any similarly sized university metro in the country.
New construction is most active in Blount County, in Maryville and Alcoa, and in western Knox County, in Hardin Valley and Powell, with homes from $300,000 to $470,000 in growing communities.
At a glance
Knoxville market snapshot
Median Home Price
$320,000
Median Rent
$1,300
Market Trend
Warming
Cost of Living Index
90
Why Knoxville
What makes Knoxville different
Why People Move Here
University of Tennessee and Oak Ridge National Laboratory and no state income tax and Smoky Mountains access and affordability and Tennessee Valley Authority
Schools
Knox County Schools serves core market and Blount County Schools and Maryville City Schools in southern suburbs consistently rank among Tennessee top-performing districts, driving demand in Farragut and Maryville corridors.
Top Neighborhoods
Farragut, Maryville, Alcoa, Powell, Hardin Valley, Jefferson City, and Sevierville
Major Employers
University of Tennessee employing over 11,000 faculty and staff and Oak Ridge National Laboratory employing over 6,000 scientists and engineers and Tennessee Valley Authority and Pilot Flying J global headquarters and Covenant Health system
Who's building
Top builders active in Knoxville
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Common questions
Knoxville FAQ
Is Knoxville a good place to buy a home?
Knoxville offers University of Tennessee and Oak Ridge National Laboratory employment and Tennessee no-income-tax advantage and Smoky Mountains access and affordability.
What is the median home price in Knoxville?
The median home price in Knoxville is approximately $320,000 making it significantly more affordable than Nashville.
Which Knoxville suburbs have the most new construction?
Maryville and Alcoa in Blount County, Hardin Valley, and Powell in western Knox County lead Knoxville in new home activity.
Is Knoxville good for real estate investors?
Knoxville offers strong rental demand from University of Tennessee and Oak Ridge National Laboratory researchers and growing retiree population.
What is driving Knoxville housing demand?
University of Tennessee, Oak Ridge National Laboratory, Tennessee Valley Authority, Pilot Flying J, and Tennessee no-income-tax advantage and Smoky Mountains tourism drive demand.
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