Tag Page Knoxville

Knoxville homebuyers face steep income hurdle

Buying a house in Knoxville now means you’d need to make over $84,000 a year just to keep housing costs at a manageable level. That’s a big jump, considering the city’s median income is just above $50,000. With the average home price pushing $369,000, many locals would have to spend more than half their income on housing alone. Only Memphis made the list of affordable cities in Tennessee, highlighting how tough the market has become here. How are you and your neighbors navigating these rising costs? Is homeownership starting to feel out of reach in Knoxville? #RealEstate #Knoxville #HousingMarket