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City · 24,634 residents · Knox County, Tennessee

Farragut , Tennessee

In Farragut, a typical home is worth $583,400 and typical rent is $1,966 a month. Compared with all of Knox County, typical household income is 91% higher, the typical home value is 82% higher, and the share of households that own their home is 20 points higher.

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  • Typical home value

    $583,400

    82% above the county

    103% above Tennessee

    • Farragut
    • Knox
    • Tennessee

  • Typical rent

    $1,966a month

    56% above the county

    65% above Tennessee

    • Farragut
    • Knox
    • Tennessee

  • Typical household income

    $142,093a year

    91% above the county

    104% above Tennessee

    • Farragut
    • Knox
    • Tennessee

  • Households that own their home

    85%

    20 points above the county

    18 points above Tennessee

    • Farragut
    • Knox
    • Tennessee

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$689,308
1.7% more than 12 months ago
Typical rent
$1,940 a month
0.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Farragut is in Knox County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Knox County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Farragut apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Farragut is $142,093, 91% more than in Knox County as a whole ($74,222).

  2. The typical home in Farragut is worth $583,400, 82% more than in Knox County as a whole ($320,900).

  3. Nearby, in Lenoir City, the typical home value is $252,400: 57% less than in Farragut ($583,400).

  4. Nearby, in Lenoir City, the typical rent is $932: 53% less than in Farragut ($1,966).

  5. The typical rent in Farragut is $1,966 a month, 56% more than in Knox County as a whole ($1,261).

  6. 85% of households in Farragut own their home, against 65% in Knox County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Farragut

What homes there are in Farragut, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Farragut, 9 in 10 homes are single-family detached houses; in Knox County, 7.

Year built

The typical home in Farragut was built in 1992, 7 years after the typical one in Knox County.

In Farragut, 92% of homes have 3 bedrooms or more, more than in Knox County (64%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,296 a month

Knox County: $1,589 a month

Without a mortgage

$590 a month

Knox County: $483 a month

Owners with a mortgage

61%

Knox County: 61%

Owning costs more in Farragut: with a mortgage, the typical cost is $2,296 a month; in Knox County, $1,589. Without one, $590.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Farragut rose 58%; in Knox County, it rose 75%.

The typical rent in Farragut rose 76% over the same time; in Knox County, it rose 41%.

Here income did not keep up with housing: it rose 31%, while home values changed +58% and rent +76%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFarragutKnox CountyTennesseeUnited States
Rental vacancy Unreliable estimate5.5%6.1%5.5%
Homeowner vacancy Unreliable estimate1.0%0.9%0.9%
More than one person per room Unreliable estimate1.4%2.2%3.4%
People per household 2.662.392.452.53
Drive alone 70%76%76%69%
Carpool 3%7%8%9%
Public transit Unreliable estimate1%0%3%
Walk or bike Unreliable estimate2%1%3%
Work from home 25%14%13%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.66 on average, against 2.39 in Knox County.

Many people here do not commute at all: 25% work from home; in Knox County, 14%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Farragut?

A typical home costs more than the typical income allows

We start with a typical home in Farragut, worth $583,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Farragut, which is $142,093 a year. For that payment to be 28% of income, a household would need to earn about $195,287 a year. Note: at that price the loan is above the FHA limit for Knox County ($541,287), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Knox County.

Your numbers

Local data
$

Starts at the typical home value in Farragut. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $20,419 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,557

at 7.18% · 30 years

Loan amount
$572,833
Total interest
$824,173
Paid off in
November 2056

Includes $9,852 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,316 a month

  • Tight

    $3,316 to $4,263 a month

  • Hard

    more than $4,263 a month

    Your payment · 38%

Compared with the typical household income in Farragut ($142,093 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,557
Principal & interest$3,881
Property tax$175
Home insurance$243
FHA mortgage insurance (MIP)$258

This loan is over the FHA limit

You'd borrow $562,981, but the FHA limit for a one-unit home in Farragut is $541,287. You'd need a bigger down payment or a different loan.

You need at least $20,419 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Farragut and Knox County

Farragut is in Knox County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Farragut's own numbers

Typical home value
$583,400
Typical monthly rent
$1,966
Typical yearly household income
$142,093
Households that own their home
85%
Effective property tax rate
0.36%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Knox County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,475
Price change over 5 years (FHFA)
+77%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Knox County.

Everything about Knox County

Buying

Buying a home in Farragut

A typical home in Farragut is worth $583,400: 82% above the county and 103% above Tennessee. With the typical household income in Farragut ($142,093 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Farragut 4.1 years
  • Knox 4.3 years
  • Tennessee 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Knox County

According to FHFA’s house price index, home prices in Knox County rose 133% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Knox County.

Period County Tennessee U.S.
Last year (2025) +3.0% +2.4% +2.9%
5 years (2020–2025) +77% +60% +47%
10 years (2015–2025) +133% +114% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Farragut next to Knox County, Tennessee and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Farragut $583,400
  • Knox $320,900
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Farragut $1,966
  • Knox $1,261
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Farragut $142,093
  • Knox $74,222
  • Tennessee $69,595
  • United States $80,734
See the full table
Farragut next to Knox County and Tennessee
Measure Farragut Knox County Tennessee U.S.
Typical home value $583,400 $320,900 $286,700 $332,700
Typical monthly rent $1,966 $1,261 $1,189 $1,413
Typical yearly household income $142,093 $74,222 $69,595 $80,734
Households that own their home 85% 65% 67% 65%
Typical yearly property tax $2,120 $1,367 $1,442 $3,119
Effective property tax rate 0.36% 0.43% 0.5% 0.94%
Renters with high rent for their income 39% 50% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Knox County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Farragut

For a typical $583,400 home in Farragut, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Farragut's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,557a month

    Above the FHA limit for Knox County ($541,287)
    Down payment
    $20,419
    Cash to close
    $37,921
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $258

  • Conventional, 5% down $4,450a month

    Least cash to close
    Down payment
    $29,170
    Cash to close
    $46,672
    Rate
    7.18%
    Mortgage insurance
    PMI · $277

  • Conventional, 20% down, no PMI $3,580a month

    Down payment
    $116,680
    Cash to close
    $134,182
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,119a month

    Down payment
    $87,510
    Cash to close
    $105,012
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Farragut and for Knox County.

Property tax

Effective rate in Farragut

0.36%of the home’s value each year

$2,120 a year for the typical owner in Farragut.

  • Farragut 0.36%
  • Knox 0.43%
  • Tennessee 0.5%

What Tennessee publishes Property tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)

Exemptions and deadlines in Tennessee

Flood risk in Knox County

FEMA does not publish these numbers by city: they are for all of Knox County.

Homes in the high-risk zone
0.5%
900
Of those, with NFIP insurance
41%
County Tennessee U.S.
Homes in the high-risk zone 0.5% 1.6% 3.5%
Of those, with NFIP insurance 41% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Farragut

Typical rent in Farragut is $1,966 a month: 56% above the county. In Farragut, 39% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Knox County, by unit size. To pay the 2-bedroom one ($1,475 a month) without spending more than 30% of your income, you would need to earn $28.37 an hour working full time.

HUD fair market rent for all of Knox County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,171 $22.52 $46,840
1 bedroom $1,178 $22.65 $47,120
2 bedrooms $1,475 $28.37 $59,000
3 bedrooms $1,844 $35.46 $73,760
4 bedrooms $2,122 $40.81 $84,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Farragut

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Farragut is in ZIP code 37934.

For 2 bedrooms it is $2,210: $735 more than the fair market rent for Knox County ($1,475).

  • 37934 $2,210$2,760

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Farragut when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Farragut

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Knox County; 1 says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Farragut

No down payment, repair or rent-help program on our list is for Farragut or Knox County. The ones below are statewide in Tennessee: they work in Farragut the same as in the rest of the state.

Which programs do I qualify for? All programs in Tennessee

  • Great Choice Plus

    Statewide in Tennessee

    Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage. Offered by Tennessee Housing Development Agency (THDA).

    ForgivableRepayable

    See the program Official page

Housing counselors near Farragut

The HUD-approved agencies closest to the center of Farragut, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • University of Tennessee Extension Office

    2621 Morgan Cir, Knoxville · 14 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 2 more
    (865) 974-7349

  • KNOX HOUSING PARTNERSHIP, INCORPORATED dba HOMESOURCE EAST TENNESSEE

    109 Winona St, Knoxville · 17 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (865) 637-1679

  • Knoxville Area Urban League

    1514 E 5th Ave, Knoxville · 17 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (865) 524-5511

Every agency in Knox County All counseling agencies in Tennessee

Help in Spanish near Farragut

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Farragut

In HUD’s record, no housing authority with an office in Knox County is named for Farragut or Knox County.

2 other authorities have an office in Knox County: see the list Source: HUD

Cities

Other cities in Knox County

These cities are also in Knox County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Knox County Housing in Tennessee

Nearby cities

The cities closest to Farragut, with the typical home value.

Neighboring counties

If Knox County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Farragut.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Farragut

Short answers with the numbers for Farragut and all of Knox County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Farragut?

The typical home value in Farragut is $583,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Knox County it is $320,900.

How much does it cost to rent in Farragut?

Typical rent in Farragut is $1,966 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Knox County is $1,475.

What is the FHA loan limit in Farragut?

Farragut uses the FHA limit for all of Knox County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Farragut?

The typical homeowner in Farragut pays $2,120 a year, according to the U.S. Census Bureau. That is 0.36% of the home’s value; in Knox County, the rate is 0.43%.

Where can I find free help to buy or rent in Farragut?

There are 3 HUD-approved counseling agencies with an office in Knox County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).