The story of this market
The typical home in ZIP 37923 sells for about $374,950, or $233 per square foot.
Prices are down 2.44% from a year ago, which gives buyers more room to negotiate. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,371 a month.
ZIP 37923 — Knoxville
The 37923 housing market is currently experiencing a period of price stabilization following a cooling in rental demand and longer selling cycles. While inventory remains tight, the area continues to benefit from strong economic anchors like the University of Tennessee and Oak Ridge National Laboratory, which sustain long-term housing demand.
This ZIP is well-suited for family buyers and professionals working in the Knoxville or Oak Ridge corridors who prioritize suburban amenities and access to major regional employment hubs.
Median prices moved down 2.4% year over year.
Homes spend a median of 70 days on market with 5.5 months of supply — a balanced-paced market.
33% of listings have cut prices · homes sell at 98.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 10.5% — a stable, low-distress 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 6.4%/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 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 37923, 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 Knox County Schools, generally characterized by stable performance and access to suburban-style educational facilities.
The region faces standard regional risks including severe thunderstorms and occasional wind events, with flood risk localized to specific drainage basins.
Economic momentum is driven by the expansion of the University of Tennessee and the continued growth of the Oak Ridge National Laboratory, which anchor the local employment base.
Property taxes are assessed by Knox County based on a state-mandated appraisal cycle; Tennessee does not impose a state-level personal income tax.
Residents typically rely on personal vehicles for commuting, with major access via I-40 and I-140 providing connectivity to downtown Knoxville and the Oak Ridge employment corridor.
The area features proximity to suburban shopping centers, local parks, and greenways, with easy access to the Tennessee River and regional golf courses.
The rental market has experienced a recent softening with a year-over-year decline in median rents, suggesting increased supply pressure or a cooling in demand.
The economy is anchored by the University of Tennessee, Oak Ridge National Laboratory, and a robust retail and healthcare sector.
Transportation is primarily highway-dependent, with I-40 and I-140 serving as the primary arteries for regional transit.
Development is focused on mixed-use suburban expansion and infrastructure upgrades to support the growing population.
Knox County utilizes a periodic reappraisal system to determine property values for tax purposes.
Parcels are subject to Knox County property taxes and may fall within specific utility districts for water and sewer services.
Property insurance premiums are influenced by regional weather patterns, including wind and storm risk common to East Tennessee.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- Sky Zone Trampoline Park4.44.2 mi
- K1 Speed Knoxville41.3 mi
- Urban Air Trampoline and Adventure Park41.9 mi
- Chuck E. Cheese4.11.8 mi
- Breakout Games4.92.5 mi
- Neyland Stadium4.79.2 mi
- Thompson-Boling Arena at Food City Center4.69.1 mi
- Topgolf Knoxville4.34.6 mi
- Knoxville Convention Center4.59.4 mi
- Knoxville Civic Auditorium and Coliseum4.410.1 mi
- Zoo Knoxville4.512.1 mi
- Ijams Nature Center4.712.4 mi
- Regal Pinnacle4.54.4 mi
- Aspire4.711.3 mi
- Main Event Knoxville4.30.9 mi
- Sunsphere4.59.4 mi
- Knoxville Museum of Art4.79.3 mi
- Muse Knoxville4.612.2 mi
- Museum of Appalachia4.717.5 mi
- McClung Museum of Natural History & Culture4.69 mi
- Ijams Nature Center4.712.4 mi
- Lakeshore Park4.85.3 mi
- Aspire4.711.3 mi
- World's Fair Park4.79.3 mi
- Victor Ashe Park4.66.4 mi
- Sun Life Marinas - Concord Marina4.55 mi
- Sun Life Marinas - Louisville Landing4.67.7 mi
- Fort Loudoun Marina4.612.4 mi
- Tellico Dam Reservation Boat Ramp4.613.7 mi
- Volunteer Landing Marina4.610.1 mi
- Topgolf Knoxville4.34.6 mi
- Egwani Farms Golf Course4.610 mi
- Dead Horse Lake Golf Course4.21.5 mi
- Williams Creek Golf Course4.311.6 mi
- Knoxville Municipal Golf Course3.85.1 mi
- West Town Mall4.42.7 mi
- Publix Super Market at University Commons4.68.3 mi
- Kroger Marketplace4.31 mi
- Turkey Creek4.54.7 mi
- T.J. Maxx4.32 mi
- McGhee Tyson Airport4.49.7 mi
- Smoky Mountain Skydive4.930.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional shopping destination serving the West Knoxville area.
Popular local trail system for walking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.