HousingHandbookReference data

U.S. ZIP Code · TN37934

Knox County · Knoxville, TN

Typical home value

$651,161[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.6%
5-year / yr
+9.6%
10-year / yr
+7.6%

Relative price

vs U.S.
+129.2%
vs metro
+101.4%
vs state
+146.0%
ZIP 37934 location in TN
Location of ZIP 37934 in TN

Price history

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

The typical home in 37934 is worth $651,161 — 101.4% above the Knoxville, TN median. Over the past year, values have risen 1.6%. Homes here rent for a typical $2,178 a month — a 4.0% 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
$2,178[2]
Gross yield
4.0%[2]
Cap rate
2.4%[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$2,484[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
28,272[3]
Median household income
$132,264[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

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 yield4.0%
Net yield (after ~40% expenses)2.4%
Annual rent$26,136

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$3,293
Loan principal$520,928
Down payment$130,232
Total interest paid$664,416

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 ratio1.86
Monthly cost to own$4,041
Monthly rent$2,178

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
86th percentile[1]
Rental yield
10th percentile[2]
Property tax
35th percentile[3]

Frequently asked

How much is a home worth in ZIP code 37934?
The typical home in 37934 is worth $651,161, based on the Zillow Home Value Index.
Are home values rising in 37934?
Home values in 37934 are up 1.6% over the past year, and up 9.6% a year over five years.
What is the typical rent in 37934?
A typical home in 37934 rents for about $2,178 a month, a gross rental yield of 4.0%.
What is the property tax rate in 37934?
The effective property tax rate in 37934 is 0.4% — roughly $2,484 a year on a typical home.
Who lives in 37934?
ZIP code 37934 has a population of 28,272 and a median household income of $132,264.

#Comparable ZIPs

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

  • Knoxville, TN

    Typical home
    $644,051
    Gross yield
  • Knoxville, TN

    Typical home
    $636,999
    Gross yield
    3.3%
  • Knoxville, TN

    Typical home
    $549,720
    Gross yield
    3.6%
  • Farragut, TN

    Typical home
    $534,649
    Gross yield
    4.6%
  • Lenoir City, TN

    Typical home
    $501,868
    Gross yield
    4.4%
  • Loudon, TN

    Typical home
    $498,731
    Gross yield
    6.7%

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