ZIP Code · TN

ZIP 37920

Part of Knoxville, TN

Pop. 44,995·Knox County·31st most expensive ZIP in Tennessee

Median rent (all units)

$1,935/mo

Year-over-Year

+5.0%

Month-over-Month

+0.8%

vs US Median

+$3

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 37920 · $1,935

More expensive than 58% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,060

1 BR

$1,070

2 BR

$1,330

3 BR

$1,680

4 BR+

$1,960

Research median

$1,330/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 37920 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Tennessee

Rent in ZIP 37920 changed +5.0% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 8 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($66,362) is $1,659 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,330); a 3-bedroom is $1,680.

Rank in Knoxville

11th cheapest of 14 ZIP codes in Knoxville.

Cheaper nearby

ZIP 37914, 7 miles away, rents for 21% less ($1,519/mo), about $5,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37920. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,220/yr

At $1,935/mo median

Location

CityKnoxville

StateTN

CountyKnox County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.0% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 37920 (Knoxville, TN) is majority owner-occupied, skews toward younger working-age adults, 35.6% of residents hold a bachelor's degree or higher.

Population

44,995

Median income

$66,362

Median age

33.6

Renters

41.1%

Age distribution

16.6%

35.4%

21.1%

16%

Under 1816.6%

18–3435.4%

35–5421.1%

55–6410.9%

65+16%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

84.1%

White84.1%

Black6.9%

Hispanic4.6%

Asian1.3%

Other3.1%

Education (25+)

29%

26.1%

35.6%

No HS diploma9.3%

HS diploma29%

Some college26.1%

Bachelor's+35.6%

Housing tenure

58.9%

41.1%

Owner58.9%

Renter41.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 37920 in Knoxville, TN has changed in 5 years

Rent

$1,469 → $1,935

up 31.7%

Income

$52,491 → $66,362

up 26.4%

Population

41,826 → 44,995

up 7.6%

Renter share

40.5% → 41.1%

+0.6 pts

Bachelor's+

33% → 35.6%

+2.6 pts

Median age

36.7 → 33.6

-3.1 yrs

Across the past five years, the going rent in ZIP 37920 in Knoxville, TN has shifted from $1,469 to $1,935, up 31.7% since 2022. Median household income climbed from $52,491 to $66,362 between 2021 and 2024, a 26.4% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 37920 in Knoxville, TN adding about 3,169 residents over the five-year window, up 7.6% on net. Bachelor's-degree-or-higher attainment moved from 33% to 35.6% across the same window. Taken together, the five-year picture in ZIP 37920 in Knoxville, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 37920

Last updated: October 17, 2026

ZIP code 37920 covers Knoxville, TN. The median rent here is $1,935/mo as of October 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,330/mo.

At 35% of local median household income ($66,362/yr), ZIP 37920 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37920?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,935/mo in ZIP 37920. The local median household income is $66,362/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 37920?

Rent in ZIP 37920 has risen 5.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 37920 compare to other ZIPs in Tennessee?

ZIP 37920 is one of the pricier among Tennessee ZIP codes for rent, ranking #31 of 147 at $1,935/mo. Over the year to September 2026, rent in ZIP 37920 changed +5.0%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.