ZIP Code · TN

ZIP 37932

Part of Knoxville, TN

Pop. 25,424·Knox County·23rd most expensive ZIP in Tennessee

Median rent (all units)

$2,048/mo

Year-over-Year

-1.1%

Month-over-Month

Stable

vs US Median

+$116

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 37932 · $2,048

More expensive than 64% 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

$1,530

1 BR

$1,540

2 BR

$1,910

3 BR

$2,420

4 BR+

$2,820

Research median

$1,910/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 37932 is 1.5% below its high of $2,080 in November 2024, at $2,048 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37932 changed -1.1% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

What a typical income covers

30% of the median household income ($119,703) is $2,993 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,820).

Rank in Knoxville

12th cheapest of 14 ZIP codes in Knoxville.

Cheaper nearby

ZIP 37931, 6 miles away, rents for 14% less ($1,771/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37932. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,576/yr

At $2,048/mo median

Location

CityKnoxville

StateTN

CountyKnox County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-1.1% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 37932 (Knoxville, TN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 55.4% of residents hold a bachelor's degree or higher.

Population

25,424

Median income

$119,703

Median age

36.8

Renters

28.4%

Age distribution

27.6%

19.3%

31.2%

Under 1827.6%

18–3419.3%

35–5431.2%

55–6410.3%

65+11.6%

Gender

50.6%

49.4%

Male50.6%

Female49.4%

Race & ethnicity

82.1%

White82.1%

Black3.3%

Hispanic6.7%

Asian4.3%

Other3.6%

Education (25+)

17.1%

21.8%

55.4%

No HS diploma5.7%

HS diploma17.1%

Some college21.8%

Bachelor's+55.4%

Housing tenure

71.6%

28.4%

Owner71.6%

Renter28.4%

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

2022 vs 2026

How ZIP 37932 in Knoxville, TN has changed in 5 years

Rent

$1,891 → $2,048

up 8.3%

Income

$94,629 → $119,703

up 26.5%

Population

19,661 → 25,424

up 29.3%

Renter share

26.7% → 28.4%

+1.7 pts

Bachelor's+

51.9% → 55.4%

+3.5 pts

Median age

38 → 36.8

-1.2 yrs

Since 2022, the typical rent in ZIP 37932 in Knoxville, TN has climbed from $1,891 to $2,048, a 8.3% change over five years. Median household income rose from $94,629 to $119,703 between 2021 and 2024, a 26.5% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 29.3% since 2021, moving from about 19,661 residents to roughly 25,424. Renters now make up 28.4% of households, compared with 26.7% five years ago. College-educated residents now make up 55.4% of adults here, versus 51.9% in 2021. Taken together, the five-year picture in ZIP 37932 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 37932

Last updated: October 17, 2026

ZIP code 37932 covers Knoxville, TN. The median rent here is $2,048/mo as of October 2026. A 1-bedroom rents for a median of $1,540/mo. A 2-bedroom rents for a median of $1,910/mo.

At 21% of local median household income ($119,703/yr), ZIP 37932 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37932?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (about $39/hour full-time) to afford the median rent of $2,048/mo in ZIP 37932. The local median household income is $119,703/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37932?

Rent in ZIP 37932 has fallen 1.1% over the past year as of September 2026. It sits 1.5% below its high of $2,080 in November 2024.

How does ZIP 37932 compare to other ZIPs in Tennessee?

ZIP 37932 is one of the pricier among Tennessee ZIP codes for rent, ranking #23 of 147 at $2,048/mo. Over the year to September 2026, rent in ZIP 37932 changed -1.1%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.