RentDataNowRentDataNow
ZIP Code · TN

ZIP 37923

Pop. 30,131·Knox County·66th most expensive ZIP in Tennessee
Median rent (all units)
$1,673/mo
Year-over-Year
-4.6%
Month-over-Month
-1.6%
vs US Median
-$292
Falling (Monthly)
Be the first to discuss 37923 rents ↓
Most AffordableMost Expensive
ZIP 37923 · $1,673
More affordable than 61% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,330
1 BR
$1,340
2 BR
$1,660
3 BR
$2,100
4 BR+
$2,450
Research median
$1,660/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$20,076/yr
At $1,673/mo median
Location
StateTN
CountyKnox County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.6% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 37923 (Knoxville, TN) is majority owner-occupied, 46.7% of residents hold a bachelor's degree or higher.

Population
30,131
Median income
$73,699
Median age
36.6
Renters
40.3%
Age distribution
21.3%
26.5%
25.9%
15.2%
Under 1821.3%
18–3426.5%
35–5425.9%
55–6411.2%
65+15.2%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
79.2%
White79.2%
Black6.1%
Hispanic8.6%
Asian4.1%
Other2.1%
Education (25+)
20.3%
27.4%
46.7%
No HS diploma5.6%
HS diploma20.3%
Some college27.4%
Bachelor's+46.7%
Housing tenure
59.7%
40.3%
Owner59.7%
Renter40.3%

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

2021 vs 2026

How ZIP 37923 in Knoxville, TN has changed in 5 years

Rent
$1,212 → $1,673
up 38.0%
Income
$65,909 → $73,699
up 11.8%
Population
31,893 → 30,131
down 5.5%
Renter share
39.8% → 40.3%
+0.5 pts
Bachelor's+
45.9% → 46.7%
+0.8 pts
Median age
34.7 → 36.6
+1.9 yrs

Since 2021, the typical rent in ZIP 37923 in Knoxville, TN has increased from $1,212 to $1,673, a 38.0% change over five years. On the earnings side, the typical household in ZIP 37923 in Knoxville, TN now reports about $73,699, up from $65,909 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 5.5% since 2021, moving from about 31,893 residents to roughly 30,131. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 37923 in Knoxville, TN reflects that arc in its own way.

Community

Discussions about ZIP 37923

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 37923

About renting in ZIP 37923

Last updated: July 20, 2026

ZIP code 37923 covers Knoxville, TN. The median rent here is $1,673/mo as of July 2026. A 1-bedroom rents for a median of $1,340/mo. A 2-bedroom rents for a median of $1,660/mo.

At 27% of local median household income ($73,699/yr), ZIP 37923 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37923?

As of July 20, 2026, the median monthly rent in ZIP 37923 (Knoxville, TN) is $1,673. This is based on aggregated data from public sources and community submissions.

How does ZIP 37923 rent compare to the US average?

ZIP 37923's median rent of $1,673/mo is $292 (15%) below the US national median of $1,965/mo.

How does ZIP 37923 compare to other ZIPs in Tennessee?

ZIP 37923 falls in the middle range for Tennessee, ranking #66 out of 145 ZIPs at $1,673/mo.

How much income do you need to rent in ZIP 37923?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,673/mo in ZIP 37923. The local median household income is $73,699/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 37923?

Rent in ZIP 37923 has decreased 4.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 37923 an affordable place to rent?

ZIP 37923 is considered affordable for renters. At $1,673/mo, rent takes approximately 27% of the local median household income ($73,699/yr). The standard benchmark is 30%. ZIP 37923 falls comfortably within that range.

What percentage of ZIP 37923 residents rent vs. own?

According to Census data, approximately 40.3% of ZIP 37923 households are renters, while 59.7% are owner-occupied. ZIP 37923 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 37923 compare to the rest of Knoxville?

ZIP 37923 is more affordable than Knoxville overall. At $1,673/mo, it's $62 below the Knoxville citywide median of $1,735/mo.

When was rent data for ZIP 37923 last updated?

Rent data for ZIP 37923 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,673/mo, rent takes ~27% of ZIP 37923's median household income ($73,699/yr). The standard benchmark is 30%.

ZIP 37923 27%Benchmark 30%
State income taxNone
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 37923 (Knoxville, TN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.