$782,825Average Value$618Average Price per Sq Ft26Homes For Sale
Downtown Knoxville, a gem of East Tennessee
Downtown Knoxville is the heart of the city and a jewel of East Tennessee. At just one square mile, it's a charming neighborhood steeped in history and overflowing with culture, entertainment, shopping and dining. Settled in 1786, Knoxville has grown from a Revolutionary War fort to an economic hub and center for commerce, industry and the arts. Dubbed the "Scruffy City" before hosting the World's Fair Exhibition in 1982, downtown Knoxville has undergone numerous renewal projects over the past 40 years. "It's experienced a major renaissance in the last 20 years. It used to be just boarded-up buildings, and now it's grown to be an incredible place full of gems. I mean, there's 90 restaurants in one square mile," says Avi McCullah, the marketing director at Our Home of eXp Realty. "Gay Street was the first ever paved road in Knoxville. It's gotten back all its potential."
Downtown Knoxville offers up the perfect place to live, work, and play.
Take a stroll down Gay Street to visit some of Knoxville's many local shops and restaurants.
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An afternoon of shopping and drinks at Market Square
When running errands, residents can easily walk or bike to the local grocery stores, corner markets, or banks. Downtown Knoxville's strength is in the unique shopping boutiques scattered along the main boulevards, from the bright clothing pieces at Fizz to the endless stories found in Union Ave Books. "Market Square is a must. There's the farmer's market, rooftop bars, shops, anything you could want. It dates back all the way to 1897," McCullah says. Market Square gets packed no matter the time of day, whether it be the morning crowd at Café 4 enjoying Southern comfort brunches and craft cocktails or evenings at Stock & Barrel with its fine bourbon and gourmet-level burgers. They're just skimming the surface – Downtown is a hotspot for busy pubs and bars, hip coffee shops and fine dining opportunities for date night.
Come in Stock and Barrel for a burger and beer in Market Square.
Market Square has something for everyone and is catered to pedestrians.
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Condo variety throughout Downtown Knoxville
Here, converted industrial lofts with floor-to-ceiling windows and exposed brick sit next to newer mid-rise condominiums featuring views of the Tennessee River or the Smoky Mountains. These condos make up most housing options in downtown Knoxville. Many of the condo complexes offer on-site amenities such as garage parking and fitness centers. Two-bedroom condos typically sell between $500,000 and $530,000, while particularly large units or penthouse suites can reach between $800,000 and $1 million. Units usually only stay available for about a month after receiving multiple bids. The range is vast, so there are options when it comes to budget.
The Holston holds some of Knoxville's most sought after condos.
You will find renovated loft space in old industrial buildings in downtown Knoxville.
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The greeting Sunsphere and art at Krutch Park
At World's Fair Park, the site of the 1982 World's Fair Exhibition, the iconic golden Sunsphere greets visitors. The Tennessee Amphitheater hosts live music performances, and the splash pad is fun for the littlest visitors during the warmer months. At Krutch Park, a rotating collection of art installations dots the serene, quiet walkway, while Volunteer Landing is the best spot to launch a boat, go fishing, or enjoy paddle sports.
World's Fair Park is the site of the 1982 World's Fair.
Krutch Park is the perfect spot to enjoy your lunch or take a break from work.
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Concerts at Bijou and creative First Fridays
The Farmer's Market, open on Wednesdays and Saturdays from May to November, showcases the freshest local produce. For performing arts patrons, Broadway at the Tennessee Theatre offers a season of six critically acclaimed shows each year. Music fans love the Bijou for live concert performances, and art enthusiasts never miss First Fridays, when galleries host lively receptions at night.
You'll find the Market Square Farmers Market open on Wednesdays and Thursdays.
The Bijou Theatre was built in 1909 and still books performances to this day.
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Getting educated with Knox County Schools
Downtown Knoxville is served by Knox County Schools, and kids can start at Sequoyah Elementary, which receives an A-minus on Niche. Students move on to Vine Middle Magnet, graded with a C-plus, before finishing basic education at either West High or Austin East Magnet High. They earn a B-plus and C-plus, respectively. Downtown is also the site of the L&N STEM Academy, ranked by Niche as one of Knoxville's best public high schools.
Sequoyah Elementary School is the only school within Sequoyah Hills.
Vine Middle School scored a C+ on Niche.
West High School has a large campus.
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Navigating Knoxville
Being in the city's core makes for great walkability. To get to other parts of the city, Downtown is bordered by Interstate 40 and is intercepted by the main thoroughfare of Gay Street. Knoxville Area Transit busses run through Downtown as well, providing public transportation around the city.
You'll have access to trolleys and bus lines in downtown Knoxville.
Plenty of Bird scooters for rent line the sidewalks of Gay Street in downtown Knoxville.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Crystal Jacobs,
an experienced agent in this neighborhood.
Parks in this Area
World's Fair Park & Festival Center
Picnic Area
Trails
Events
Krutch Park
Picnic Area
Trails
Events
PetSafe Downtown Dog Park
Dog Park
Events
Volunteer Landing Park
Boating
Fishing
Picnic Area
James Agee Park
Picnic Area
Trails
Cradle of Country Music Park
Picnic Area
Trails
Fort Kid
Transit
Airport
McGhee Tyson
30 min drive
Bus
Summit Hill Dr & Crown Plaza Out
Bus
Gay St Across From Wall Ave
Bus
Cumberland Ave Wb & Market St
Bus
Church Wb & Market
Bus
Church Ave Wb & Gay St
Bus
Clinch Ave Wb Past Henley
Bus
Gay St & Union Ave Outbound
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Knoxville
US
Homicide
6
4
Sexual Assault
9
4
Assault with Weapon
7
4
Robbery
9
4
Burglary
10
4
Motor Vehicle Theft
10
4
Larceny
10
4
Crime Score
10
4
Source: WhatIsMyCrimeRisk.com
Downtown Knoxville Demographics and Home Trends
On average, homes in Downtown Knoxville, Knoxville sell after 58 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Knoxville, Knoxville over the last 12 months is $609,000, down 3% from the median home sale price over the previous 12 months.
''The Revival'' unit in the Medical Arts Building Condominium is a unique opportunity to own a multi-use property in downtown Knoxville. With a variety of options such as true residential, a nightly rental format option, office, and commercial, this flexible zoning and COA status can accommodate a multitude needs.Illuminated from above by the 4-foot crystal chandelier, the well-appointed
The 50 apartments in the Medical Arts Building (MAB) are being converted into condominiums and are now offered for the first time as a purchase option! New owners will enjoy the fantastic location between the downtown core and The University of Tennessee. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops,
The 50 apartments in the Medical Arts Building (MAB) are being converted into condominiums and are now offered for the first time as a purchase option! New owners will enjoy the fantastic location between the downtown core and The University of Tennessee. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops,
Elevated Living In The Historic Tennessee Supreme Court Bldg This mid-century building has been transformed into a one-of-a-kind living experience. The Tribute apartments offer a unique blend of modern luxury and adaptive reuse architecture in the heart of downtown Knoxville.
This 2 bdrm 1.5 bath condo is just what you've been looking for. The gourmet kitchen could bring out the chef in anyone. The beautifully exposed brick, high ceilings and windows all work together to bring in the sunshine. It's just 7 mins by car to the University of Tennessee UTK (Go Vols!), 30 mins by foot and 30 mins to the airport.This luxury condo has a view to live for, it's located
Find your ideal home and get connected to a vibrant and welcoming community at Marble Alley. Choose from our studio, one, and two bedroom apartments in downtown Knoxville and discover the pleasures of prime city living with well-appointed interiors and thoughtful community amenities in a great location.
Interested in learning more about homes in this area?
Reach out to
Crystal Jacobs,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
2,420
Median Age
35
Population Density
11 ppl/acre
Population under 18
10.2%
Below the national average
23.8%
Population over 65
10.4%
Below the national average
19.1%
Finances
Median Household Income
$63,730
Below the national average
$71,702
Average Household Income
$90,834
Education and Workforce
High School Graduates
95.9%
College Graduates
58.2%
Above the national average
34.1%
Advanced Degrees
25.4%
Above the national average
13.3%
% Population in Labor Force
66.8%
Weather
Annual Precipitation
52''
Average Winter Low Temperature
31°F
Average Summer High Temperature
88°F
Annual Snowfall
12''
Area Factors
Very Bikeable
Bike Score®
74/ 100
Walker's Paradise
Walk Score®
92/ 100
Good Transit
Transit Score®
60/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
