The 10 Cheapest Knoxville, TN Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Knoxville are the cheapest of the cheap.

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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Knoxville might be more expensive than living in rural Tennessee, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Knoxville neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Knoxville are the cheapest.

The Cheapest Neighborhoods In Knoxville For 2022

  1. College Hills (Homes)
  2. Park City (Homes)
  3. Old Sevier (Homes)
  4. Parkridge (Homes)
  5. Fort Sanders (Homes)

What's the cheapest neighborhood to live in Knoxville for 2022? According to the most recent census data, College Hills looks to be the cheaptest Knoxville neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Knoxville. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Knoxville that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Knoxville.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Tennessee reading, check out:

The 5 Cheapest Neighborhoods To Live In Knoxville For 2022

Overall SnackAbility

1
/10

Population: 320
Cost Of Living Index: 73 (2nd cheapest)
Home Value To Income Ratio: 4.8 (11th cheapest)
Rent To Income Ratio: 0.024 (3rd cheapest)
More on College Hills: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 2,767
Cost Of Living Index: 77 (4th cheapest)
Home Value To Income Ratio: 3.3 (7th cheapest)
Rent To Income Ratio: 0.026 (6th cheapest)
More on Park City: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 316
Cost Of Living Index: 79 (8th cheapest)
Home Value To Income Ratio: 2.7 (3rd cheapest)
Rent To Income Ratio: 0.026 (7th cheapest)
More on Old Sevier: Homes For Sale | Data

Parkridge Knoxville, TN

Overall SnackAbility

6
/10

Population: 1,922
Cost Of Living Index: 78 (6th cheapest)
Home Value To Income Ratio: 2.6 (2nd cheapest)
Rent To Income Ratio: 0.029 (11th cheapest)
More on Parkridge: Homes For Sale | Data

Fort Sanders Knoxville, TN

Overall SnackAbility

6
/10

Population: 5,198
Cost Of Living Index: 73 (2nd cheapest)
Home Value To Income Ratio: 2.6 (cheapest)
Rent To Income Ratio: 0.057 (16th cheapest)
More on Fort Sanders: Homes For Sale | Data

Methodology: How We Determined The Cheapest Knoxville Hoods In 2022

In order to rank the cheapest places to live in Knoxville, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 16 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Knoxville." We're lookin' at you, College Hills.

Read on below to learn more about what it's like to live in the cheapest places Knoxville. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Knoxville

If you're measuring the neighborhoods in Knoxville where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Knoxville aren't all cheap. Downtown Knoxville takes the title of the most expensive neighborhood to live in Knoxville.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Tennessee reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Knoxville For 2022

Rank Neighborhood Cost Of Living Index
1 College Hills 73
2 Park City 77
3 Old Sevier 79
4 Parkridge 78
5 Fort Sanders 73
6 South Knoxville 81
7 Oakwood 83
8 Beaumont 72
9 Mornngside 78
10 Mechanicsville 79
11 Old North Knoxville 81
12 Fourth And Gill 88
13 Belle Morris 79
14 Edgewood 79
15 Old City 100
16 Downtown Knoxville 100

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Knoxville.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.