What is the median home value in ZIP 37934 in Knox County, TN?

The median home value in ZIP 37934 in Knox County, TN is $638,228, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 37934?

The rent-to-income ratio in ZIP 37934 is 36.0%, based on HUD Fair Market Rent divided by Census median household income. This indicates a rent-burdened area where tenants spend over 30% of income on housing.

Knoxville, TN · Tennessee

Knox County

ZIP 37934

487,401 residents5,244 permits TTM$71,662 median HHI23 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$279,700

ACS 5-Year

Cap rate proxy

6.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.8%

HUD FMR ÷ ACS HHI

Net migration

+1.88%

IRS SOI

Permits (TTM)

5,244

Census BPS

Climate risk

92.1

FEMA NRI (0–100)

ZIP 37934

Median home value

$638,228

Gross yield

4.2%

Cap rate

4.0%

Rent gap

2.8%

Affordability

P/I: 8.9R/I: 36.0%

Section 8 detail

SAFMR: $2,210Rent: $1,180Gap: 87.3%

ZIP code breakdown23 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
37915	$200,188	$1,220	7.3%	7.1%	3.3%
37917	$251,797	$1,630	7.8%	7.7%	1.4%
37914	$247,896	$1,330	6.4%	7.2%	-12.1%
37929	$279,700county est.	$1,530	6.6%	5.1%	22.9%
37921	$286,674	$1,530	6.4%	7.7%	-19.7%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$371,858	$1,470	4.7%	7.2%	-51.6%
$315,161	$1,330	5.1%	6.8%	-34.1%
$353,231	$1,330	4.5%	6.5%	-44.3%
$327,684	$1,440	5.3%	5.8%	-10.8%
$285,349	$1,380	5.8%	5.5%	5.5%
$394,197	$1,660	5.1%	5.3%	-5.1%
$272,745	$1,080	4.8%	5.2%	-9.3%
$291,619	$1,100	4.5%	4.9%	-7.3%
$425,310	$1,840	5.2%	4.8%	6.9%
$477,384	$1,500	3.8%	4.8%	-26.9%
$323,221	$1,380	5.1%	4.4%	14.5%
$525,710	$1,910	4.4%	4.4%	-0.3%
$332,971	$1,310	4.7%	4.3%	9.9%
$638,228	$2,210	4.2%	4.0%	2.8%
$647,346	$1,840	3.4%	4.0%	-17.8%
$382,195	$1,460	4.6%	3.7%	19.2%
$537,834	$1,690	3.8%	3.6%	4.3%
$625,547	$2,090	4.0%	3.5%	13.9%

Demographics

Owner-occupied

64.9%

Census ACS

Vacancy rate

8.1%

Census ACS

Bachelor's degree +

40.2%

Census ACS

Rent burdened

46.0%

Census ACS (>30% income)

Median age

37.3

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Knox County

See all 23 ZIPs ranked by yield and cap rate