Wondering where the affluent neighborhoods in Knoxville are? Join us as we explore the richest suburbs in Knoxville, often overlooked in the ‘richest cities of Tennessee‘ rankings, but are wealthy in their own right.
Richest Suburbs of Knoxville
1. Farragut, TN
Farragut is the richest suburb of Knoxville with a mean income of $156,351 and a median home price of $665,323.
A rich neighborhood in Knoxville, Farragut is located just 21 minutes from downtown Knoxville.
It is known for its top-rated schools, beautiful parks and family-friendly community.
Farragut has a population of 23,506, with 20.9% being children under 18 and 22.2% seniors.
| Median Home Price | $665,323 |
| Mean Income | $156,351 |
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2. Louisville, TN
Louisville is the second richest suburb of Knoxville with a mean income of $122,972 and a median home price of $574,421.
Located 26 minutes from Knoxville, the wealthy suburb is known for its low crime rate and proximity to the Great Smoky Mountains.
Louisville has a population of 4,384, with 11.8% being children under 18 and 25.7% seniors.
A significant portion of homes in Louisville, 90.7%, are owner-occupied.
| Median Home Price | $574,421 |
| Mean Income | $122,972 |
3. Tellico Village, TN
Tellico Village is an affluent gated community in the Knoxville suburb with a median home of $570,015 and a mean income of $103,282.
Located 53 minutes from Knoxville, Tellico Village is a wealthy suburb of Knoxville on the shores of Tellico Lake, offering residents access to golf courses, boating, fishing, and other water sports.
Tellico Village has a population of 7,311, with a small percentage (1.1%) of children under 18 and a significant senior population (75.7%).
Tellico Village is known for its retirement-friendly atmosphere and lakeside living. An overwhelming majority of homes in Tellico Village, 98.2%, are owner-occupied.
| Median Home Price | $570,015 |
| Mean Income | $103,282 |
4. Townsend, TN
Townsend is an affluent Knoxville suburb with a mean income of $ 70,427 and a median home price of $485,546.
Located 46 minutes from Knoxville, Townsend is a small, picturesque town located in the heart of the Great Smoky Mountains.
Townsend has a small population of 550, with 14.4% being children under 18 and 37.2% seniors.
A significant portion of homes in Townsend, 85.6%, are owner-occupied.
| Median Home Price | $485,546 |
| Mean Income | $70,427 |
Richest Knoxville Suburbs: Methodology
In order to come up with our list of the richest suburbs of Knoxville, the rankings are based on both income and home prices. We took data from the US Census American Community Survey and residential housing market data.
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