What is the Difference Between Homes in Knoxville and Memphis, Tennessee?

Dec 8, 2020

If you think you might want to sell your home and move to Tennessee, you’ve got to decide which city you want to settle down in. While the Volunteer State is full of incredible destinations, two of the most popular are Knoxville and Memphis. Life in these cities is actually…

Written By Offer Hut

If you think you might want to sell your home and move to Tennessee, you’ve got to decide which city you want to settle down in. While the Volunteer State is full of incredible destinations, two of the most popular are Knoxville and Memphis. Life in these cities is actually quite distinct, so before you sell your house and move, read on to discover some of the key differences between homes in Knoxville and Memphis and see which city might be right for you.

 

 

Housing Market

One thing that most cities in Tennessee have in common: the housing prices are rising and aren’t expected to slow down anytime soon. What does that mean for you? It’s best to buy a home as soon as you can before prices get much higher, but when you eventually decide to sell your home in Tennessee, you’ll be in for a good return on your investment!

Zillow reports that the typical Memphis home value sits at $105,596. Home values have increased by 12.9% over the last year and are expected to keep going up by almost 9% in the next year. In Knoxville, however, things are quite a bit more expensive. Zillow says that the city’s average home value is $215,674. This figure is a 9.3% increase from last year, and it’s expected to increase by an additional 8.3% within the next year.

 

 

Things to Do Nearby

When you want to sell your home and move to Tennessee, it’s not just about the house you buy; it’s also about the city you live in! Knoxville and Memphis have their own unique cultures and activities, but they do have one major attraction in common: they’re both college towns! Knoxville is home to the main campus of the University of Tennessee, while Memphis holds the University of Memphis. If you have a child that’s getting ready to go to college, either of these cities holds some great educational opportunities.

Much of the entertainment in Knoxville centers around nature. Locations like Ijams Nature Center and Little River are perfect for those who want to explore their surroundings. To learn more about the area, you can visit the historical Blount Mansion or the McClung Museum of Natural History & Culture. Other big attractions in the city include the Knoxville Museum of Art, Zoo Knoxville, and the Sunsphere tower.

Memphis, on the other hand, focuses much of its entertainment in music, cuisine, and history. Both music fans and history buffs will enjoy sites like Graceland, Beale Street, Sun Studio, and the Memphis Rock ‘n’ Soul Museum. The National Civil Rights Museum showcases the city’s role in the Civil Rights Movement, and the Memphis Zoo is a great place to spend a day with the family.

 

 

Whether you’re wanting to sell your home in Knoxville and move to Memphis or vice versa, you’re in for a totally new experience. If you’re coming from somewhere else entirely, make sure you do your research before deciding which city to move to. That way, you can find your dream home and start your next exciting chapter!

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