If the fact that median home prices in Knoxville have seen a decline of about 15.9% over the last quarter of 2014 does draw you to invest in real estate in the city, there are many more reasons why families are choosing to move here. For one thing, cost of living, at 19.3%, is lower than the nationwide average, while unemployment, at 5.6%, is also below the national average. In fact, statistics show an increase in jobs in Knoxville in the recent past. And if spending time with the family is a priority, you should know that the average commute time in the city is a mere 20 minutes.
So, what are the best neighborhoods for families wanting to settle down in the city? Let’s take a look at the top five.
Top 5 Neighborhoods for Families
While Knoxville is known for its natural beauty, there is a wide diversity of neighborhoods, with the most modern to quaint country-style homes to choose from.
If it is the scenic beauty of the region that draws you to Knoxville, look for neighborhoods in the south of the city. With the Tennessee River separating this region from the city proper, it has been able to retain its old world charm. There are beautiful wooded hiking trails and even a wild life sanctuary that gives a feel of living in the lap of nature. The best part is that your neighbors will be the cream of society, including white collar professionals, university professors and even active seniors.
If you are looking for a cosmopolitan part of the city that retains its rich historical and architectural heritage, the north of the city abounds in Southern charm. From young professionals from various parts of the United States to generations of Knoxvillians, this is a flourishing part of the city. While homes here could widely vary in terms of pricing, there are some beautiful fixer-upper options that you could transform into your dream home. Some of the most famous landmarks of the region are situated in the north.
If suburban life calls out to you, come westward. There has been a recent spurt of real estate development, both residential and commercial, along Interstate 140. One of the most prestigious neighborhoods of Knoxville, Sequoyah Hills, is situated in the west. As for neighbors, you will have a wide variety, from administrators and business owners to university professors here. There are some great riverfront properties to choose from here that are surrounded by jogging trails and beautifully manicured parks.
Smaller communities, with a rural vibe, are what the eastern part of town is all about. The east was the where the wealth of the city was once concentrated. This can still be seen in the beautiful, tree-lined Magnolia Avenue. Situated along the banks of Holston River, this also where many old Knoxville families can be found.