ZIP Code Market Report
37938 — Knoxville, TN
Data through February 2026 · Updated monthly
Avg Home Value
$383,251
▲ 0.8% year-over-year
Month-over-Month
-0.5%
▼ 0.5%
Single Family
$383,678
Condo / Co-op
$352,160
The average home value in the 37938 ZIP code (Knoxville, Tennessee) is $383,251 as of February 2026. Home prices are stable, up 0.8% compared to last year.
A 3-bedroom home in 37938 is valued at $362,433. Single-family homes average $383,678, while condos average $352,160.
The market in 37938 has a $251,603 spread between bottom-tier homes at $283,274 and top-tier homes at $534,877. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 37938 ZIP code will increase 0.9% over the next 12 months, bringing the projected average to approximately $386,701. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Loudon County market area in Tennessee. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Loudon County report.
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Market Snapshot
37938 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $387,324 | $385,086 | $383,251 | ▼ 1.1% |
| Single Family Value | $382,762 | $383,274 | $383,678 | ▲ 0.2% |
Home Values
37938 Home Value Trend
Historical home values for ZIP code 37938. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 37938
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $253,687 |
| 3 Bedrooms | $362,433 |
| 4 Bedrooms | $492,447 |
Property Types
Home Values by Property Type in 37938
How different property types compare in this ZIP code.
All Homes
$383,251
Single Family
$383,678
Condo / Co-op
$352,160
Bottom Tier
$283,274
Top Tier
$534,877
Forecast
12-Month Home Value Forecast for 37938
Zillow projects home values in 37938 will increase 0.9% over the next year, reaching approximately $386,701.
Current Value
$383,251
Projected Change
+0.9%
▲ 0.9%
Projected Value
$386,701
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 37938 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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