HousingHandbookReference data

U.S. ZIP Code · TN37909

Knox County · Knoxville, TN

Typical home value

$379,190[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.2%
5-year / yr
+9.1%
10-year / yr
+8.5%

Relative price

vs U.S.
+33.5%
vs metro
+17.3%
vs state
+43.2%
ZIP 37909 location in TN
Location of ZIP 37909 in TN

Price history

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

The typical home in 37909 is worth $379,190 — 17.3% above the Knoxville, TN median. Over the past year, values have risen 0.2%. Homes here rent for a typical $2,019 a month — a 6.4% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
$2,019[2]
Gross yield
6.4%[2]
Cap rate
3.8%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$2,403[3]

#Climate risk

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

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

#Who lives here

Population
16,774[3]
Median household income
$66,984[3]

#Migration

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

Net migration
+1,491[5]
Moved in
14,671
Moved out
13,180

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
1
Middle
1
High
0
  • Bearden Middle School

    Middle · Grades 6–8 · Knox County

    1,243 students

  • Pond Gap Elementary

    Elementary · Grades PK–5 · Knox County

    383 students

Run the numbers

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

Gross yield6.4%
Net yield (after ~40% expenses)3.8%
Annual rent$24,227

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.

Monthly payment$1,917
Loan principal$303,352
Down payment$75,838
Total interest paid$386,909

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.

Own : rent ratio1.20
Monthly cost to own$2,432
Monthly rent$2,019

Renting is meaningfully cheaper month-to-month.

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
71st percentile[1]
Rental yield
59th percentile[2]
Property tax
91st percentile[3]

Frequently asked

How much is a home worth in ZIP code 37909?
The typical home in 37909 is worth $379,190, based on the Zillow Home Value Index.
Are home values rising in 37909?
Home values in 37909 are up 0.2% over the past year, and up 9.1% a year over five years.
What is the typical rent in 37909?
A typical home in 37909 rents for about $2,019 a month, a gross rental yield of 6.4%.
What is the property tax rate in 37909?
The effective property tax rate in 37909 is 0.6% — roughly $2,403 a year on a typical home.
Who lives in 37909?
ZIP code 37909 has a population of 16,774 and a median household income of $66,984.

#Comparable ZIPs

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

  • Norris, TN

    Typical home
    $378,778
    Gross yield
  • Halls CDP, TN

    Typical home
    $390,003
    Gross yield
    6.5%
  • Powell CDP, TN

    Typical home
    $360,641
    Gross yield
    6.4%
  • Townsend, TN

    Typical home
    $399,032
    Gross yield
  • TN

    Typical home
    $399,237
    Gross yield
  • Maryville, TN

    Typical home
    $357,263
    Gross yield
    6.0%

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