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ZIP Code · TN

ZIP 37931

Pop. 31,842·Knox County·57th most expensive ZIP in Tennessee
Median rent (all units)
$1,698/mo
Year-over-Year
+1.6%
Month-over-Month
-2.6%
vs US Median
-$267
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 37931 · $1,698
More affordable than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,480
2 BR
$1,840
3 BR
$2,330
4 BR+
$2,720
Research median
$1,840/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: July 20, 2026

Annual cost
$20,376/yr
At $1,698/mo median
Location
StateTN
CountyKnox County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.6% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.6% YoY, -2.6% MoM), not inventory.
Demographics

Who lives here

ZIP 37931 (Knoxville, TN) is majority owner-occupied, has a median income above the national average, 47% of residents hold a bachelor's degree or higher.

Population
31,842
Median income
$92,150
Median age
37.7
Renters
28.7%
Age distribution
24.1%
22.6%
25.9%
15.9%
Under 1824.1%
18–3422.6%
35–5425.9%
55–6411.6%
65+15.9%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
84.6%
White84.6%
Black3.3%
Hispanic5.7%
Asian2%
Other4.3%
Education (25+)
21.9%
25.6%
47%
No HS diploma5.5%
HS diploma21.9%
Some college25.6%
Bachelor's+47%
Housing tenure
71.3%
28.7%
Owner71.3%
Renter28.7%

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

2021 vs 2026

How ZIP 37931 in Knoxville, TN has changed in 5 years

Income
$83,359 → $92,150
up 10.5%
Population
29,749 → 31,842
up 7.0%
Renter share
30.2% → 28.7%
-1.5 pts
Bachelor's+
44.2% → 47%
+2.8 pts
Median age
38.4 → 37.7
-0.7 yrs

On the earnings side, the typical household in ZIP 37931 in Knoxville, TN now reports about $92,150, up from $83,359 in 2021. The population has grown by 7.0% since 2021, moving from about 29,749 residents to roughly 31,842. Renters now make up 28.7% of households, compared with 30.2% five years ago. College-educated residents now make up 47% of adults here, versus 44.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 37931

About renting in ZIP 37931

Last updated: July 20, 2026

ZIP code 37931 covers Knoxville, TN. The median rent here is $1,698/mo as of July 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,840/mo.

At 22% of local median household income ($92,150/yr), ZIP 37931 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37931?

As of July 20, 2026, the median monthly rent in ZIP 37931 (Knoxville, TN) is $1,698. This is based on aggregated data from public sources and community submissions.

How does ZIP 37931 rent compare to the US average?

ZIP 37931's median rent of $1,698/mo is $267 (14%) below the US national median of $1,965/mo.

How does ZIP 37931 compare to other ZIPs in Tennessee?

ZIP 37931 falls in the middle range for Tennessee, ranking #57 out of 145 ZIPs at $1,698/mo.

How much income do you need to rent in ZIP 37931?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,698/mo in ZIP 37931. The local median household income is $92,150/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 37931?

Rent in ZIP 37931 has increased 1.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 37931 an affordable place to rent?

ZIP 37931 is considered very affordable for renters. At $1,698/mo, rent takes approximately 22% of the local median household income ($92,150/yr). The standard benchmark is 30%. ZIP 37931 falls comfortably within that range.

What percentage of ZIP 37931 residents rent vs. own?

According to Census data, approximately 28.7% of ZIP 37931 households are renters, while 71.3% are owner-occupied. ZIP 37931 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 37931 compare to the rest of Knoxville?

ZIP 37931 is more affordable than Knoxville overall. At $1,698/mo, it's $37 below the Knoxville citywide median of $1,735/mo.

When was rent data for ZIP 37931 last updated?

Rent data for ZIP 37931 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,698/mo, rent takes ~22% of ZIP 37931's median household income ($92,150/yr). The standard benchmark is 30%.

ZIP 37931 22%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37931 (Knoxville, TN)

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