Why Live in Cumberland Estates
Cumberland Estates in Knoxville is attracting young homeowners who are revitalizing the area with renovations. This centrally located neighborhood is known for its proximity to parks, including Cumberland Estates Park and Recreation Center and Victor Ashe Park, less than 1 mile away. The neighborhood features midcentury modern and traditional ranch-style homes from the 1950s and 1960s, making it appealing for first-time buyers. Cumberland Estates is part of Knox County Schools, with Pleasant Ridge Elementary, Northwest Middle, and Karns High School, which offers career-themed programs. The neighborhood offers numerous things to do, such as walking trails, a recreation center with various amenities, and nearby Victor Ashe Park with disc golf and Knoxville’s first off-leash dog park. Residents can enjoy local dining options like La Fiesta Mexican or explore downtown Knoxville, about 7 miles away, for a vibrant restaurant scene and cultural events. Shopping is convenient with a Walmart Neighborhood Market across Western Avenue and other major retailers within 3 miles. While the area is car-dependent, Western Avenue provides easy access to shops and restaurants without significant road noise. McGhee Tyson Airport is approximately 17 miles away, and the nearest emergency room is at North Knoxville Medical Center, 7 miles away. The neighborhood is part of the Third Creek Watershed, with efforts to reduce sediment and bacterial contamination through community education and initiatives.
Home Trends in Cumberland Estates, TN
On average, homes in Cumberland Estates, Knoxville sell after 12 days on the market compared to the national average of 51 days. The median sale price for homes in Cumberland Estates, Knoxville over the last 12 months is $314,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$314,000
Median Single Family Sale Price
$317,000
Average Price Per Sq Ft
$185
Number of Homes for Sale
3
Last 12 months Home Sales
21
Median List Price
$319,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%