Knoxville, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Knoxville, IA Real Estate Data


Knoxville Housing Market Information

With a population of 7,248, 3,098 total housing units (homes and apartments), and a median house value of $131,008, house prices in Knoxville are solidly below the national average.

Single-family detached homes are the single most common housing type in Knoxville, accounting for 73.67% of the city's housing units. Other types of housing that are prevalent in Knoxville include large apartment complexes or high rise apartments ( 10.57%), duplexes, homes converted to apartments or other small apartment buildings ( 9.29%), and a few mobile homes or trailers ( 4.87%).

People in Knoxville primarily live in small (one, two or no bedroom) single-family detached homes. Knoxville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Knoxville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Knoxville built between 1940-1969 ( 34.58%). A lesser amount of the housing stock also hails from before 1939 ( 20.21%). There's also some housing in Knoxville built between 2000 and later ( 6.65%).

Knoxville Home Appreciation Rates

Real estate appreciation rates in Knoxville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.

Over the last year, Knoxville appreciation rates have trailed the rest of the nation. In the last twelve months, Knoxville's appreciation rate has been -6.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Knoxville were at -2.23%, which equates to an annual appreciation rate of -8.61%.

Notably, Knoxville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Knoxville's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$131,008

Knoxville, IA HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 0.9
$520,001 - $780,000 0.1
$416,001 - $520,000 0.3
$312,001 - $416,000 2.5
$208,001 - $312,000 8.8
$104,001 - $208,000 39.7
$52,001 - $104,000 39.9
$0 - $52,000 7.6

Average for IA
Average for Nation

Value Relative to Nation Value Relative to State
59.0999648423767 43.4567901234568

Number Of Homes And Apartments:
3,098

Rent & Ownership

 

Average Market Rent:
$673 / per month

Homeownership Rate

Homeownership
Owners 63.96
Renters 36.04
Vacant 8.04

Housing Market Details

 

Age of Homes

AGE OF Knoxville HOMES
2000 or Newer 6.6
1970 - 1999 38.6
1940 - 1969 34.6
1939 or Older 20.2

Types of Homes

TYPE OF Knoxville HOMES
Single-Family 73.7
Townhomes 1.6
Small Apt. Buildings 9.3
Apt. Complexes 10.6
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Knoxville HOMES
No Bedroom 1.16
1 Bedroom 13.92
2 Bedrooms 34.91
3 Bedrooms 32.89
4 Bedrooms 15.70
5 or more bedrooms 1.42

Knoxville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
12.33% 0.68% 1 1
* 10 is highest

Popular Neighborhoods in Knoxville

Zip Codes in Knoxville, IA