Metro area index
Home appreciation in the Knoxville, TN metro area
FHFA HPI® data shows the Knoxville, TN metro area's all-transactions index changed +3.9% over the year to Q2 2026, versus +2.6% for Tennessee and +3.0% for the U.S. That ranks 164th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.9%
- 5-year change
- +63.5%
- Since Q1 1995
- +344%
- Metro rank (1 year)
- 164th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Knoxville, TN vs Tennessee and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Knoxville, TN: 444.1
- Tennessee: 413.2
- United States: 391.6
Appreciation by time window
| Window | Metro | TN | U.S. | Gap vs TN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.6% | +3.0% | +1.3 pts | +0.9 pts |
| 3 years | +15.0% | +11.8% | +12.9% | +3.1 pts | +2.1 pts |
| 5 years | +63.5% | +50.0% | +41.3% | +13.5 pts | +22.2 pts |
| 10 years | +139% | +119% | +93.3% | +20.2 pts | +45.9 pts |
| Since Q1 1995 | +344% | +313% | +292% | +30.9 pts | +52.6 pts |
3-digit ZIP regions in the Knoxville, TN area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 379 · Knoxville, TN area | TN | +3.0% | +61.5% | +349% | 100% |
| 377 · Greeneville, TN area | TN | +3.9% | +62.1% | +348% | 64% |
| 378 · Oak Ridge, TN area | TN | +3.7% | +64.1% | +330% | 43% |
Boom, bust, and recovery in Knoxville, TN area
Knoxville, TN area's index peaked in Q1 2008, fell 7.8% to its low in Q2 2011, and regained its peak in Q1 2016, about 8 years after the top. Today it sits +143% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q2 2011 | -7.8% | Q1 2016 (8 yrs) | +143% |
| TN | Q1 2008 | Q2 2011 | -8.9% | Q2 2015 (7.2 yrs) | +134% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Knoxville, TN area's index has changed +101% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | TN after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.0% | -1.2% | -0.8% |
| 3 years | +9.8% | +4.7% | +1.9% | +2.8% |
| 5 years | +24.0% | +31.8% | +20.9% | +13.9% |
| 10 years | +39.1% | +72.0% | +57.5% | +39.0% |
| Since Q1 1995 | +121% | +101% | +86.6% | +76.8% |
If you bought in the Knoxville, TN area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +337% | $1,310,217 |
| Q2 2000 | +268% | $1,103,678 |
| Q2 2005 | +185% | $855,832 |
| Q2 2010 | +156% | $767,356 |
| Q2 2015 | +149% | $746,253 |
| Q2 2020 | +90.2% | $570,482 |
| Q2 2021 | +63.5% | $490,361 |
| Q2 2023 | +15.0% | $344,912 |
| Q2 2025 | +3.9% | $311,641 |
Frequently asked questions
- How much have home prices risen in the Knoxville, TN area?
- FHFA HPI® data for the Knoxville, TN metro area shows changes of +3.9% over one year, +63.5% over five years, and +139% over ten years to Q2 2026, and +344% since Q1 1995.
- Is the Knoxville, TN area beating the national average?
- Over the past year the metro's index moved +0.9 pts versus the U.S.; over five years the gap is +22.2 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.