First-Time Buyer 2+ Bedroom Homes for Sale in Knoxville, TN Under $350K
There are 9 homes for sale in Knoxville, TN, with 2 to 4 bedrooms, 2 to 3 bathrooms, and 1,222 to 2,550 square feet of living space. Displayed asking prices range from $265,900 to $339,000, and build years from 1925 to 2026. The largest, at 4528 Shamus Way, offers 2 bedrooms and 2,550 square feet for $339,000.
Knoxville's first-time buyer neighborhoods form a ring around the downtown core. Old North Knoxville sits just north of downtown, with older bungalows and tree-lined streets within walking distance of Gay Street restaurants and shops. Fountain City climbs toward Sharps Ridge Memorial Park, where the ridgeline adds elevation, views and quieter streets. South of the river, the Fort Sanders area draws buyers who want to live near the University of Tennessee campus.
Downtown Knoxville is a short drive from most of these neighborhoods, with the Tennessee River running through the city and the Gay Street corridor at its center. Ijams Nature Center, a preserve of more than 200 acres on the river's south shore, gives residents trails and paddling access close to home. Interstate 40 and Interstate 75 link the city to Oak Ridge and the wider East Tennessee job market.
Homes in this collection
12 homes
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Buying in Knoxville
The questions buyers ask us most about this collection.
Which Knoxville neighborhoods are best for first-time buyers?
Old North Knoxville, Fountain City and the Fort Sanders area each suit first-time buyers for different reasons. Old North Knoxville offers older bungalows close to downtown, while Fountain City sits on ridge-side streets with more elevation and quiet. Fort Sanders appeals to buyers who want to be near the University of Tennessee campus.
How long is the commute from Knoxville neighborhoods to downtown?
Most of the neighborhoods in this part of Knoxville are a short drive from the downtown core, and many buyers reach Gay Street in under fifteen minutes outside of rush hour. Traffic on the main arterial roads can slow the trip during peak commuting times. Checking the drive at the hour you would actually travel is a good habit before you buy.
What should a first-time buyer check on an older Knoxville home?
Homes built in the early and mid twentieth century often need a close look at the foundation, electrical wiring and plumbing. Ask for a full home inspection and request a sewer scope, since older lines can be costly to replace. A roof and HVAC age check also helps you plan for near-term expenses.
Is Knoxville a good place to buy a home near the Tennessee River?
The Tennessee River runs through the city and gives residents access to paddling, parks and waterfront trails. Living near the river can be a strong lifestyle choice, but buyers should confirm flood zone status and any insurance requirements for the specific address. A local agent or the county records office can help with that check.
What outdoor spaces are close to Knoxville neighborhoods?
Ijams Nature Center offers trails, paddling and wildlife areas on the river's south shore. Sharps Ridge Memorial Park in Fountain City gives hikers and joggers a ridgeline setting. These spaces make it easy for buyers who want green areas without leaving the city.
How do I compare Knoxville neighborhoods for a first home?
Start by comparing the drive to your workplace, the walkability of each area and the age of the housing stock. Look at how the streets feel at different times of day and talk to neighbors if you can. Comparing two or three neighborhoods side by side makes the tradeoffs between price, location and upkeep much clearer.