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Knoxville

Knoxville

Located in Marion County

$199,247 Average Value
$152 Average Price per Sq Ft
52 Homes For Sale

Knoxville is known for its sprint car racing, housing and lake access

While nonlocals might confuse Knoxville, Iowa, with the well-known city in Tennessee, this rural community has still found ways to make a name for itself. Knoxville's major employers, quick highway access and varied home prices make it an attractive option for people relocating from surrounding communities — like Pella , Pleasantville and Des Moines — or from other states. "We have affordable housing, and I think our cost of living is lower," says Sara Roberts, Realtor at Sundance Realty and co-founder of The Knox Collective, a group dedicated to creating connections and building the community. "Local Iowans may not notice it as much, but out-of-staters do." And while the community prides itself on its small-town atmosphere, it is also home to several attractions, from Lake Red Rock to the Knoxville Raceway. This historic racetrack earned Knoxville its title of Sprint Car Capital of the World, and the venue's largest annual event attracts tens of thousands of visitors each year.

Ranch styles dominate, but Veterans District is bringing new housing

Ranch-style houses dominate the city's residential landscape. Craftsman-style two-story homes, bi-level houses and bungalows are also around. Older properties from the early to mid-1900s often feature historical architecture, such as Dutch Colonial roofs and Cape Cod dormer windows. Most homes sit on shady, city-grid streets. New housing is slowly coming to the Veterans District, a former hospital site-turned-152-acre development opportunity. Roberts says 34 lots have already sold or are pending sale as of October 2025. Move-in-ready homes typically cost between $100,000 and $270,000. New construction and properties with higher square footage or larger lots tend to sell between $280,000 and $520,000.

Knoxville Raceway and Lake Red Rock draw locals and visitors outdoors

The community is most well-known for the Knoxville Raceway, one of the state's largest outdoor entertainment venues. The arena attracts over 25,000 people annually for the Knoxville Nationals, a four-day sprint car racing event. Campsites at the Knoxville Raceway Campgrounds and Marion County Park accommodate many attendees in town for the races. The National Sprint Car Hall of Fame & Museum gives a look at the city's racing history. Local recreation areas include Veterans and Auld parks, which offer playgrounds, a splash pad and a dog park. Residents are also within 6 miles of Lake Red Rock and Elk Rock State Park, where people can boat, fish, hike, camp and horseback ride. First Street states that the city has a moderate risk of flooding and wildfire. Knoxville is also part of Tornado Alley, making it prone to tornadoes. "I've grown up in Iowa my whole life, so it's just one of those things," Roberts says.

Coffee, cocktails and Chinese food in the city’s downtown square

Knoxville's downtown square is a hub for shopping and dining. Old-timey brick buildings housing a variety of boutiques, eateries, businesses and private organizations surround a central green space and the historic Marion County Courthouse. The Coffee Connection serves freshly brewed coffee, while Atlantic & Pacific Pub specializes in cocktail concoctions. Deng's Garden offers classic Chinese-American dishes. The Grand Theater is known for its preserved vintage interior and $5 movie tickets. From May to October, the Knoxville Farmers Market opens in the central square every Saturday morning. State Route 14 is another commercial corridor, offering more casual restaurants, a Walmart Supercenter and two supermarkets.

Students attend assigned Knoxville schools despite open enrollment

Knoxville Community School District participates in Iowa's open enrollment program, but Roberts says most students attend their assigned schools inside the city. Kids start at West Elementary and Northstar Elementary for prekindergarten through fifth grade. The schools have B-minus and C ratings from Niche, respectively. Knoxville Middle also earns a B-minus, while Knoxville High has a C-plus. Knoxville High has over a dozen sports teams as well as clubs for everything from mock trial to esports.

Local jobs in manufacturing and health care keep workers near home

Most residents drive, relying on state routes 5, 92 and 14 as the city's major thoroughfares. While some locals may commute, many people living in Knoxville work for manufacturers like Weiler, 3M and Hormel Foods. The industrial railroad passes through the city, regularly diverting to 3M to pick up cargo. Knoxville Hospital & Clinics is also a major employer. For commercial flights, locals make the 36-mile drive to Des Moines International Airport.

Christmas rivals racing season for biggest local events

Christmas is one of the busiest times of the year, second only to the Knoxville Nationals. On the Thursday before Thanksgiving, crowds gather downtown to explore Living Windows, which includes a tree lighting, carriage rides, business giveaways and a snowball drop. "Santa and Mrs. Claus throw out wiffle balls, and if you catch one, you bring it to the chamber, and there's a table full of prizes that have been donated," says Megan Bennett, executive director for the Knoxville Chamber of Commerce. Winter also brings Marion County Christmas, a drive-through lights tour. New city events include a fall festival, which Bennett expects to become an annual celebration.

Isabel Butler
Written By
Isabel Butler

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Knoxville Housing Trends

Housing Trends

Median List Price
$199,900
Median Sale Price
$195,650
Median Single Family Sale Price
$195,650
Median 2 Bedroom Sale Price
$210,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
140
Median Home Sale Price YoY Change
-4%
Average Price Per Sq Ft
$152

Area Facts

Number of Homes
1,126
Number of Homes for Sale
52
Median Year Built
1946
Months of Supply
4.50
Average Single Family Home Size Sq Ft
1,286
Significantly below the national average
1,929
Average 2 Bedroom Size Sq Ft
1,117
Median Lot Size Sq Ft
7,405

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Knoxville Has More Owners

Demographics

Total Population
7,729
Median Age
42
Population under 18
25%
On par with the national average
23.8%
Population over 65
21.9%
On par with the national average
19.1%

Finances

Median Household Income
$54,929
Significantly below the national average
$71,702
Average Household Income
$68,007

Education and Workforce

High School Graduates
93%
College Graduates
22.6%
Below the national average
34.1%
Advanced Degrees
5%
Below the national average
13.3%
% Population in Labor Force
60.6%

Weather

Annual Precipitation
38''
Average Winter Low Temperature
13°F
Average Summer High Temperature
85°F
Annual Snowfall
24''

Area Factors

Somewhat Bikeable

Bike Score®®

32 / 100

Somewhat Walkable

Walk Score®®

52 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Knoxville