If you're planning a move to Tennessee and considering Knoxville as your next home, you’re not alone. The city is drawing attention from individuals and families seeking a location that combines economic opportunity with accessible living. Before committing to a move, it’s important to understand what relocating entails—from the cost of living and job opportunities to housing options and local services. This guide will walk you through the essential information you need when moving to Knoxville, along with insights into the Knoxville, TN, real estate landscape.
Why People Are Moving to Knoxville
In recent years, Knoxville has gained momentum as a destination for new residents and businesses. Its steady economic growth, relatively low cost of living, and proximity to the Smoky Mountains make Knoxville appealing to a wide range of individuals, from young professionals to retirees.
Additionally, the presence of the University of Tennessee adds a steady influx of students, faculty, and staff to the area, supporting local businesses and keeping the city active year-round.
Cost of Living and Affordability
Compared to larger metropolitan areas, Knoxville offers a cost of living that is generally below the national average. Housing tends to be more affordable than in many other mid-sized cities, and property taxes are relatively moderate. Utilities, groceries, and transportation costs are also manageable, making the city attractive for those seeking to lower their overall expenses without compromising on lifestyle.
That said, prices have increased somewhat over the past few years due to rising demand. Prospective buyers should be prepared to act decisively when exploring Knoxville, TN real estate.
Housing and Real Estate Overview
One of the first things people notice when moving to Knoxville is the variety of housing options available. The real estate market includes everything from downtown condominiums and starter homes to single-family residences in suburban neighborhoods and larger properties in outlying areas.
Buyers will find a mix of older homes with character and newer developments designed for modern living. Whether you're seeking an investment property, a home for your family, or commercial space, the Knoxville area provides a wide range of possibilities.
The average home price in Knoxville has been steadily climbing, but it remains competitive compared to markets in neighboring states. Working with an experienced local real estate professional can help buyers identify the right property at the right price.
Employment and Economic Factors
Knoxville's economy is supported by a mix of industries, including education, healthcare, manufacturing, and technology. The University of Tennessee is a major employer, and companies such as Oak Ridge National Laboratory and Pilot Company also contribute to the job market.
For those moving to Knoxville with career prospects in mind, the local economy has shown resilience and moderate growth. The city also offers opportunities for entrepreneurs and small business owners, supported by various regional development initiatives.
Transportation and Commuting
Knoxville is served by a system of major highways, including I-40 and I-75, making it well-connected to other parts of the region. McGhee Tyson Airport provides commercial air service for domestic travel, and public transportation is managed by the Knoxville Area Transit (KAT) system.
While public transit is available, most residents rely on personal vehicles for commuting. Fortunately, commute times are generally manageable, and the layout of the city supports convenient access to most areas.
Schools and Education
Education is often a major consideration for families with children when relocating. Knoxville is part of the Knox County School District, which offers a range of elementary, middle, and high schools. The region also has several private school options and charter programs.
In addition to K-12 options, the city is home to the University of Tennessee, offering a wide array of undergraduate, graduate, and research programs. This adds educational value to the area and contributes to the city’s culture and economy.
Neighborhood Considerations
Each Knoxville neighborhood has its own identity, so choosing the right one depends on lifestyle preferences. Some of the more established neighborhoods include:
- West Knoxville: Known for its commercial centers and newer residential developments.
- Fountain City: Offers a blend of older homes and a suburban feel.
- Downtown Knoxville: Attracts residents who want proximity to restaurants, arts, and entertainment.
- South Knoxville: Currently undergoing redevelopment, with growing interest from both homeowners and investors.
If you’re planning a move, visiting neighborhoods in person or working with a local real estate expert can help you narrow down your options.
Moving Logistics and Planning
Once you’ve decided to relocate, planning the move itself becomes the next step. Knoxville has a variety of moving companies that provide local and long-distance services. Consider scheduling your move during non-peak seasons to secure better availability and potentially lower costs.
If you’re relocating from out of state, it’s also important to plan for utilities, vehicle registration, and other service transitions. Tennessee has no state income tax, which may offer financial benefits depending on your previous location.
Things to Do and Local Amenities
While this guide focuses more on the logistics of moving to Knoxville, it’s worth noting the amenities and services that await new residents. From local parks and outdoor recreation to a growing food scene and cultural events, Knoxville offers a range of activities that support a balanced lifestyle. Residents often take advantage of proximity to the Great Smoky Mountains National Park and nearby lakes for weekend excursions.
Working with a Local Real Estate Expert
Relocating involves more than simply finding a home; it also means navigating a competitive market and understanding the nuances of the local area. A qualified real estate professional can assist with everything from identifying the right neighborhood to managing timelines and negotiations.
Whether you’re buying a home, investing in property, or seeking a commercial space, a real estate agent familiar with Knoxville can simplify the process and help ensure a successful outcome.
About Jennifer Scates
Jennifer Scates is a trusted real estate professional based in Knoxville, Tennessee. With extensive knowledge of the East Tennessee region, she assists clients in purchasing and selling both residential and commercial properties. Her expertise also extends to investment property renovations, property management, and leasing services for both residential and commercial needs.
Over the course of her career, Jennifer has successfully closed more than 300 transactions, representing a total value exceeding \$57.6 million. Her 15 years in the real estate industry provide her clients with strategic insights and informed guidance throughout every phase of the buying or selling process.
Jennifer takes pride in helping people reach their real estate goals and considers it the most rewarding aspect of her work.
Contact
Jennifer Scates today for expert advice and personalized assistance navigating the Knoxville, TN real estate market.
