How much is a home worth in ZIP code 37848?

The typical home in 37848 is worth $233,968, based on the Zillow Home Value Index.

Are home values rising in 37848?

Home values in 37848 are up 2.0% over the past year.

HousingHandbookReference data

…

U.S. ZIP Code · TN37848

Grainger County · Knoxville, TN

Typical home value

$233,968^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.0%
5-year / yr: —
10-year / yr: —

Relative price

vs U.S.: -17.6%
vs metro: -27.6%
vs state: -11.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 37848 is worth $233,968 — 27.6% below the Knoxville, TN median. Over the past year, values have risen 2.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: —^[2]
Gross yield: —^[2]
Cap rate: —^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: —^[3]
Typical annual tax: —^[3]

#Climate risk

FEMA National Risk Index ratings for Grainger County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very Low^[4]
Riverine flood: Very Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Very Low
Hurricane: Very Low
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 145^[3]
Median household income: —^[3]

#Migration

Household moves in and out of Grainger County over a year, from IRS tax-return data.

Net migration: +202^[5]
Moved in: 813
Moved out: 611

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield—

Net yield (after ~40% expenses)—

Annual rent—

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,183

Loan principal$187,174

Down payment$46,794

Total interest paid$238,730

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio—

Monthly cost to own$1,612

Monthly rent—

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: —^[1]
Rental yield: —^[2]
Property tax: —^[3]

Frequently asked

How much is a home worth in ZIP code 37848?: The typical home in 37848 is worth $233,968, based on the Zillow Home Value Index.
Are home values rising in 37848?: Home values in 37848 are up 2.0% over the past year.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

37888 vs 37848 →
TN
Typical home
$235,345
Gross yield
—
37878 vs 37848 →
TN
Typical home
$232,075
Gross yield
—
37854
Rockwood, TN
Typical home
$231,848
Gross yield
—
37779
Luttrell, TN
Typical home
$237,029
Gross yield
—
37766
La Follette, TN
Typical home
$230,540
Gross yield
—
37748
Coalfield CDP, TN
Typical home
$239,116
Gross yield
4.8%

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#Jump to section

U.S. ZIP Code · TN37848

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