The story of this market
The typical home in ZIP 37916 sells for about $476,760, or $610 per square foot.
Prices are down 13.7% from a year ago, which gives buyers more room to negotiate. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,236 a month.
ZIP 37916 — Knoxville
The 37916 housing market is highly specialized, driven almost entirely by the University of Tennessee's student population and institutional needs. While median prices have seen a recent correction, the market remains very competitive due to extremely limited inventory and high rental demand. The area's unique demographic profile, characterized by a very young median age and high renter share, distinguishes it from the broader Knoxville market.
This ZIP is primarily suited for students, university faculty, and investors targeting the student housing market, given its location within the University of Tennessee campus footprint.
Median prices moved down 13.7% year over year.
Homes spend a median of 59 days on market with 0.8 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.1% · poverty 75.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37916, Knox County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Knoxville's public school system, with performance varying by specific school; the ZIP is heavily influenced by its proximity to the University of Tennessee campus.
The area is dominated by the University of Tennessee campus and associated student-focused development, with ongoing urban infill projects.
Property taxes are assessed by Knox County based on the appraised value of real property, with rates set by the county commission and city council; no state income tax applies to wages.
The ZIP is centrally located in Knoxville, providing immediate access to the University of Tennessee and downtown employment hubs via major surface streets and I-40.
Residents have access to the Tennessee River waterfront, various university-affiliated athletic facilities, and proximity to downtown Knoxville's dining and cultural districts.
The rental market is extremely tight due to high student demand from the University of Tennessee, leading to consistent upward pressure on rents and low vacancy rates.
The economy is heavily anchored by the University of Tennessee and the associated service, retail, and housing sectors that support the student population.
The area is served by Knoxville Area Transit (KAT) bus routes and is highly walkable due to its dense urban and campus-oriented layout.
Development is largely focused on high-density student housing and mixed-use projects catering to the university community.
Parcels are subject to Knox County and City of Knoxville property tax levies; no specific MUDs are prevalent.
Standard residential insurance coverage applies; no specific regional hazard premiums are noted beyond standard Tennessee weather risks.
Data retrieved from data.census.gov ZCTA 37916 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Soaky Mountain Waterpark4.419.5 mi
- Wild WaterDome Indoor Waterpark4.519.7 mi
- Sky Zone Trampoline Park4.413.2 mi
- K1 Speed Knoxville410 mi
- Urban Air Trampoline and Adventure Park410.5 mi
- Neyland Stadium4.70.2 mi
- Thompson-Boling Arena at Food City Center4.60.2 mi
- Topgolf Knoxville4.313.6 mi
- Knoxville Convention Center4.50.6 mi
- Knoxville Civic Auditorium and Coliseum4.41.2 mi
- Zoo Knoxville4.53.9 mi
- Ijams Nature Center4.73.4 mi
- Main Event Knoxville4.39.2 mi
- World's Fair Park4.70.6 mi
- Victor Ashe Park4.64.1 mi
- Sunsphere4.50.6 mi
- Knoxville Museum of Art4.70.6 mi
- Muse Knoxville4.63.9 mi
- Museum of Appalachia4.717.5 mi
- McClung Museum of Natural History & Culture4.60.1 mi
- Ijams Nature Center4.73.4 mi
- Lakeshore Park4.84.2 mi
- World's Fair Park4.70.6 mi
- Victor Ashe Park4.64.1 mi
- Knoxville Botanical Garden and Arboretum4.53.3 mi
- Sun Life Marinas - Concord Marina4.512.9 mi
- Sun Life Marinas - Louisville Landing4.611 mi
- Volunteer Landing Marina4.61.2 mi
- Nautical Boat Club - Concord4.912.8 mi
- Egwani Farms Golf Course4.68.5 mi
- Three Ridges Golf Course4.410.4 mi
- Dead Horse Lake Golf Course4.210.4 mi
- Williams Creek Golf Course4.32.7 mi
- Ruggles Ferry Golf Course4.211.7 mi
- West Town Mall4.46.4 mi
- Publix Super Market at University Commons4.60.7 mi
- Kroger Marketplace4.39.4 mi
- T.J. Maxx4.37.1 mi
- Sunrise Supermarket 上頂超市4.47.9 mi
- McGhee Tyson Airport4.410.9 mi
- Smoky Mountain Skydive4.921.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution and economic driver for the ZIP.
Home of the Tennessee Volunteers football team.
Historic park site featuring fountains, lawns, and event spaces.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.