This article in the Knoxville News Sentinel caught our eye this month. The article digs into a report from GOBankingRates about the huge increases in housing prices expected in dozens of zip codes in the South, and four in Knoxville were on the list.
-Fountain City/Halls Crossroads (37918): A January median home value of $310,485, which is projected to increase to $417,738 by 2028
-South Knoxville (37920): A January median home value of $286,522, which is projected to increase to $426,874 by 2029
-West Knoxville/Amherst (37921): A January median home value of $267,418, which is projected to increase to $467,293 by 2031
-Norwood (37912): A January median home value of $269,981, which is projected to increase to $465,708 by 2031
What does this tell us? If you are thinking about buying a home in any of those Knoxville neighborhoods in the next few years, you may want to move up your time frame! Buying a home in those areas could also be a great investment for the future. Give us a call, and we will help you find the perfect place for you!
The article also expanded beyond Knox County and into the rest of East Tennessee to create this list:
-Maryville (37804): A January median home value of $321,497, which is projected to increase to $396,060 by 2027
-Oak Ridge (37830): A January median home value of $286,339, which is projected to increase to $468,898 by 2031
-Johnson City (36715): A January median home value of $324,451, which is projected to increase to $426,058 by 2029
-Lenoir City (37771): A January median home value of $291,760, which is projected to increase to $459,385 by 2031
-Clinton (37716): A January median home value of $289,215, which is projected to increase to $485,887 by 2032
-Kingston (37763): A January median home value of $300,950, which is projected to increase to $504,147 by 2033
