3+ Bedroom First Time Buyer Homes for Sale in Knoxville, TN Under $400K
There are 8 single family homes for sale in Knoxville, TN, with 3 to 5 bedrooms, 2 to 3 bathrooms, and 1,325 to 2,726 square feet of living space. Displayed asking prices range from $365,000 to $390,000, and build years from 1930 to 2025. The largest, at 2400 Wilson Avenue, offers 5 bedrooms and 2,726 square feet for $389,000.
Knoxville's first-time buyer homes sit in neighborhoods within a short drive of downtown and the Tennessee River. Fountain City, on the north side, has older brick and frame streets, tree-lined lots and an easy trip to Kroger and the Fountain City Library. South Knoxville's Ijams Nature Center sits along the river with trails for walking and paddling. The Fourth and Gill district north of downtown has grown into a restaurant and brewery hub.
Commutes are the reason many buyers choose these areas. Downtown is roughly 15 to 20 minutes from Fountain City via Interstate 40, and the University of Tennessee campus is minutes from the downtown core. Buyers should confirm Knox County school zoning for each address before writing an offer, since assignments differ between neighborhoods.
Homes in this collection
12 homes
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Buying in Knoxville
The questions buyers ask us most about this collection.
Is Knoxville a good place for first-time homebuyers?
Knoxville is often considered affordable for first-time buyers compared with many mid-sized Southern cities. Buyers can choose between older neighborhoods close to downtown and newer areas farther out, depending on commute and budget. A local agent can help compare how each area holds its value over time.
How far is Fountain City from downtown Knoxville?
Fountain City sits on the north side of Knoxville and is generally about a 15 to 20 minute drive to downtown, depending on traffic. Interstate 40 provides the main route, and many residents use it for work and school runs. Buyers who commute should drive the route at rush hour before deciding.
What should a first-time buyer check on an older Knoxville home?
Older homes in Knoxville may need inspection of the foundation, electrical panel, plumbing and roof. Many houses in established neighborhoods have been updated, so buyers should ask for permit records for major work. A thorough inspection helps separate cosmetic updates from systems that need replacing soon.
Which Knoxville areas are close to the Tennessee River?
Several neighborhoods in South Knoxville sit near the Tennessee River, including areas close to Ijams Nature Center. The river corridor offers trails, paddling and quiet walking routes. Buyers who value outdoor access should check how far each address is from the water.
Do Knoxville homes fall within Knox County school zones?
Most Knoxville addresses are served by Knox County Schools, but assignments can vary from one street to the next. Buyers should confirm the zoned elementary, middle and high schools for each specific address. School boundaries can change, so verifying directly with the district is wise.
What is the Fourth and Gill area like for new homeowners?
The Fourth and Gill district north of downtown has grown into a hub for restaurants, breweries and local shops. It is a short drive from the downtown core and the University of Tennessee campus. Buyers who enjoy walkable dining often look for homes within a few minutes of this area.