Cities with the most expensive homes in the Knoxville metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Knoxville metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 47 cities and towns.

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#30. Harriman, TN

- Typical home value: $244,670
- 1-year price change: +5.1%
- 5-year price change: +30.6%

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#29. Oliver Springs, TN

- Typical home value: $251,432
- 1-year price change: +3.4%
- 5-year price change: +36.7%

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#28. Caryville, TN

- Typical home value: $259,405
- 1-year price change: +3.5%
- 5-year price change: +44.7%

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#27. Mascot, TN

- Typical home value: $284,704
- 1-year price change: +2.9%
- 5-year price change: +47.5%

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#26. Philadelphia, TN

- Typical home value: $290,070
- 1-year price change: +8.3%
- 5-year price change: +35.4%

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#25. Maynardville, TN

- Typical home value: $294,089
- 1-year price change: +2.7%
- 5-year price change: +43.2%

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#24. Jacksboro, TN

- Typical home value: $294,232
- 1-year price change: +4.5%
- 5-year price change: +49.6%

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#23. Plainview, TN

- Typical home value: $302,183
- 1-year price change: +3.6%
- 5-year price change: +43.9%

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#22. Alcoa, TN

- Typical home value: $321,448
- 1-year price change: +2.0%
- 5-year price change: +39.0%

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#21. Oak Ridge, TN

- Typical home value: $327,243
- 1-year price change: +2.1%
- 5-year price change: +44.8%

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#20. Heiskell, TN

- Typical home value: $332,591
- 1-year price change: +4.5%
- 5-year price change: +40.6%

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#19. Clinton, TN

- Typical home value: $333,957
- 1-year price change: +3.9%
- 5-year price change: +40.1%

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#18. Corryton, TN

- Typical home value: $334,317
- 1-year price change: +2.5%
- 5-year price change: +46.3%

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#17. Rockford, TN

- Typical home value: $335,844
- 1-year price change: +3.9%
- 5-year price change: +33.9%

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#16. Kingston, TN

- Typical home value: $340,519
- 1-year price change: +4.1%
- 5-year price change: +35.4%

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#15. Powell, TN

- Typical home value: $362,722
- 1-year price change: +2.5%
- 5-year price change: +45.7%

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#14. Knoxville, TN

- Typical home value: $370,699
- 1-year price change: +1.1%
- 5-year price change: +42.9%

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#13. Ten Mile, TN

- Typical home value: $381,119
- 1-year price change: +5.5%
- 5-year price change: +23.5%

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#12. Maryville, TN

- Typical home value: $394,656
- 1-year price change: +2.5%
- 5-year price change: +39.6%

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#11. Andersonville, TN

- Typical home value: $400,474
- 1-year price change: +4.2%
- 5-year price change: +37.2%

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#10. Townsend, TN

- Typical home value: $408,749
- 1-year price change: +1.1%
- 5-year price change: +34.0%

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#9. Sharps Chapel, TN

- Typical home value: $412,222
- 1-year price change: +4.0%
- 5-year price change: +29.9%

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#8. Walland, TN

- Typical home value: $416,814
- 1-year price change: +5.8%
- 5-year price change: +39.6%

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#7. Lenoir City, TN

- Typical home value: $419,006
- 1-year price change: +2.4%
- 5-year price change: +36.9%

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#6. Friendsville, TN

- Typical home value: $444,510
- 1-year price change: +2.5%
- 5-year price change: +39.4%

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#5. Greenback, TN

- Typical home value: $449,742
- 1-year price change: +4.3%
- 5-year price change: +40.1%

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#4. Louisville, TN

- Typical home value: $471,287
- 1-year price change: +3.4%
- 5-year price change: +33.2%

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#3. Norris, TN

- Typical home value: $495,999
- 1-year price change: +4.7%
- 5-year price change: +43.9%

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#2. Loudon, TN

- Typical home value: $499,640
- 1-year price change: -0.9%
- 5-year price change: +28.1%

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#1. Farragut, TN

- Typical home value: $691,336
- 1-year price change: +1.9%
- 5-year price change: +45.1%

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