HousingHandbookReference data

U.S. ZIP Code · TN37923

Knox County · Knoxville, TN

Typical home value

$403,364[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
0.0%
5-year / yr
+8.9%
10-year / yr
+8.3%

Relative price

vs U.S.
+42.0%
vs metro
+24.8%
vs state
+52.4%
ZIP 37923 location in TN
Location of ZIP 37923 in TN

Price history

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

The typical home in 37923 is worth $403,364 — 24.8% above the Knoxville, TN median. Over the past year, values have fallen 0.0%. Homes here rent for a typical $1,747 a month — a 5.2% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent
$1,747[2]
Gross yield
5.2%[2]
Cap rate
3.1%[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$1,804[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
30,131[3]
Median household income
$73,699[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
  • Cedar Bluff Elementary

    Elementary · Grades PK–5 · Knox County

    1,053 students

  • Cedar Bluff Middle School

    Middle · Grades 6–8 · Knox County

    547 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 yield5.2%
Net yield (after ~40% expenses)3.1%
Annual rent$20,963

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$2,040
Loan principal$322,692
Down payment$80,673
Total interest paid$411,575

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 ratio1.45
Monthly cost to own$2,527
Monthly rent$1,747

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
63rd percentile[1]
Rental yield
34th percentile[2]
Property tax
61st percentile[3]

Frequently asked

How much is a home worth in ZIP code 37923?
The typical home in 37923 is worth $403,364, based on the Zillow Home Value Index.
Are home values rising in 37923?
Home values in 37923 are down 0.0% over the past year, and up 8.9% a year over five years.
What is the typical rent in 37923?
A typical home in 37923 rents for about $1,747 a month, a gross rental yield of 5.2%.
What is the property tax rate in 37923?
The effective property tax rate in 37923 is 0.4% — roughly $1,804 a year on a typical home.
Who lives in 37923?
ZIP code 37923 has a population of 30,131 and a median household income of $73,699.

#Comparable ZIPs

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

  • Maryville, TN

    Typical home
    $402,438
    Gross yield
    5.7%
  • TN

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

    Typical home
    $399,032
    Gross yield
  • Maryville, TN

    Typical home
    $413,344
    Gross yield
    6.4%
  • Halls CDP, TN

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

    Typical home
    $421,743
    Gross yield

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