If you are buying a home in Knoxville to relocate from elsewhere, you may have a few questions on your mind. Moving to a new city or state comes with a lot of unknowns. With that in mind, let's take a look at some of the things you need to know if you are buying a home in Knoxville. We've done the research, so you don't have to!
Five Fast Facts About Knoxville!
To kick things off, let's keep it simple with a couple of quick facts about the city that you might find interesting if you are buying a home in Knoxville!
- The cost of living in Knoxville is approximately 17% less than the national average for the United States.
- There is free mass transit around Downtown and the University of Tennessee campus, Monday to Saturday.
- Knox County has six different farmers' markets, with at least one market taking place every day from Tuesday to Saturday!
- Knoxville is somewhere that is rich in history and culture. The city was at the very center of the American Revolution.
- Knoxville has a steady job market, and professionals will find it relatively easy to find jobs with attractive benefits and generous salaries.
Why Are People Choosing to Move to Knoxville?
Knoxville is a popular destination for those looking to relocate. Despite increasing housing prices, a large number of people are flocking to the city and buying a home in Knoxville. Even with the increasing real estate prices, Knoxville is still enjoying some of the lowest realty costs in the country. Coupling this with a booming jobs market and the proximity to several national parks makes it easy to see why so many people are interested in buying a home in Knoxville.
Let's Talk Cost of Living
As you learned in one of our fast facts, Knoxville has a cost of living that is well below the national average. The city has been named the 10th cheapest place to live in America. There is an excellent job market with a diverse range of positions available. There is no shortage of jobs available, and you are likely to be able to find a reasonable salary. If you are buying a home in Knoxville and want to know what sort of salary will allow you to live comfortably, you will be pleased to know that anything over $39,000 is considered a good salary. In fact, that salary will put your earnings above 50% of the local residents. However, as we covered in a recent blog post, if you are buying a home in Knoxville, data suggests that you will need a household income of $102,276 based on a home valued at $375,000.
Let's Talk Weather!
When it comes to a city's livability, weather is an important factor for many people. Knoxville enjoys a subtropical climate with hot and humid summers. Winter is cooler, and there are occasional mild snowstorms. There is an average of 6 inches of snow each Winter, far less than the national average of 28 inches!
Education Opportunities
If you have a family, one of the important factors when buying a home in Knoxville is going to be the schools in the area. The great news is that Knoxville is home to some of the best public schools in Tennessee. There are also many opportunities for higher education, with eight colleges in the area and the University of Tennessee, which has a wide range of undergraduate, graduate, and professional academic programs on the curriculum.
Outdoor Adventure
When it comes to leisure time, Knoxville is very outdoor-oriented. Whether you are a nature lover or a fitness enthusiast, you are sure to love the recreational opportunities provided by thousands of acres of green spaces across the city. There are many miles of walking trails and hiking opportunities, and the lakes provides plenty of water sports.
If you are relocating and need help buying a home in Knoxville, it is beneficial to choose a real estate agent with intimate knowledge of the local real estate market. Wright Realty is your full-service, concierge-level realtor serving the Knoxville area.
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Wright Realty is a full-service real estate concierge with a wholistic approach to buying and selling property in East Tennessee. We are your trusted advisor and keep open communication throughout your entire buying/selling process. Real Estate done "Wright" means more than just a 'transaction'.
Finding Your Property the "Wright" Way!
Visit www.realtydonewright.com or call 865-556-8599
