Wealthiest Neighborhoods in Knoxville: Where Old Money and New Money Live

Knoxville’s luxury market tells two stories. One began a century ago, when developers laid out tree-lined estate neighborhoods along the river and Kingston Pike. The other is newer, built around golf courses, larger homes, and fast-growing West Knoxville and Farragut.

Both have home values well above the local norm. In August 2026, the median sale price in the city of Knoxville was about $325,000, and about $404,000 across Knox County (Redfin). The neighborhoods below sit far higher. Here’s a look at each, with the most recent figures available.

Key Takeaways

• Highest typical value: Westmoreland Heights, at $1,516,193 (Zillow, August 31, 2026), up 10% in a year
• Strongest recent sales: Sequoyah Hills, with a $1,056,990 median sale price for the three months ending August 2026, up 24.4% (Redfin)
• Old money: Sequoyah Hills, Westmoreland Heights, and the historic Kingston Pike corridor, all developed in the 1920s
• New money: Gettysvue and Farragut, built mostly from the 1990s onward around golf, newer homes, and suburban living

A note on the numbers: Zillow’s figure is a typical home value; Redfin’s is a median sale price. They measure different things, so this guide doesn’t rank them against each other.

The Old Money Neighborhoods

Sequoyah Hills

Sequoyah Hills is one of Knoxville’s first suburbs and still one of its most recognized addresses. Developer E.V. Ferrel began building here in 1925 and named its signature street, Cherokee Boulevard, which follows the Tennessee River. The neighborhood’s Talahi Improvements, built in its early years, were added to the National Register of Historic Places in 1979.

Sales have been strong. According to Redfin, the median sale price was $1,056,990 for the three months ending August 2026, up 24.4% from a year earlier, with 21 homes sold and a median of 55 days on market.

Westmoreland Heights

Westmoreland Heights was developed starting in 1923 on about 180 acres, with large lots and views of the Smoky Mountains. Its landmark water wheel, built in the 1920s at Sherwood Drive and Westland Drive, was listed on the National Register of Historic Places in 2013.

Zillow put the typical home value here at $1,516,193 as of August 31, 2026, up 10% over the year, the highest typical value among the neighborhoods in this guide.

The Kingston Pike Corridor

Kingston Pike has long been home to some of Knoxville’s grandest estates. For the area Zillow labels the Kingston Pike neighborhood, the typical home value was about $993,936 as of July 2026, up 3.4% from a year earlier.

The New Money Neighborhoods

Gettysvue

Gettysvue is a golf community in West Knoxville built around a private club with a Bland Pittman-designed course. Club membership is optional. Most homes were built in the 1990s and 2000s, and they tend to be larger, newer estates than you’ll find in the historic neighborhoods.

In early October 2026, active listings in Gettysvue ranged from about $1.3 million to $2.35 million (East Tennessee REALTORS listings).

Farragut

Farragut, on Knoxville’s west side, is where much of the area’s newer wealth has settled. In August 2026, the median sale price was $749,000, essentially flat from a year earlier, with 151 homes sold in a median of 47 days at 98.2% of list price (Redfin). Zillow’s typical home value for Farragut was $691,336, up 1.9%.

Farragut’s appeal comes from newer construction, planned subdivisions, golf, and easy access to I-40 and Turkey Creek shopping.

What Is the Wealthiest Neighborhood in Knoxville?

By Zillow’s typical home value, Westmoreland Heights ranks highest among Knoxville’s best-known luxury neighborhoods, at $1,516,193 as of August 31, 2026. Sequoyah Hills posted a $1,056,990 median sale price for the three months ending August 2026 (Redfin). In the newer West Knoxville market, Gettysvue listings ranged from about $1.3 million to $2.35 million in early October 2026.

Old Money vs. New Money: How They Compare

Frequently Asked Questions

Where do wealthy people live in Knoxville?

Many of Knoxville’s highest-value homes are in Sequoyah Hills, Westmoreland Heights, and along Kingston Pike, plus newer West Knoxville communities like Gettysvue and the town of Farragut.

How much are homes in Sequoyah Hills?

The median sale price was $1,056,990 for the three months ending August 2026, according to Redfin. Individual homes vary widely by size, lot, and river views.

Is Farragut a wealthy area?

Farragut’s median sale price was $749,000 in August 2026 (Redfin), more than double the city of Knoxville’s median of about $325,000.

Are older homes in these neighborhoods harder to buy?

Not harder, but different. Homes from the 1920s through the 1950s can need updates to systems, roofs, and drainage. A thorough inspection is essential.

Next Steps for Buyers

1. Decide what matters most: historic character and a central location, or newer construction and amenities.
2. Tour both types of neighborhoods on the same day to compare.
3. Look at recent sales of similar homes, not just neighborhood averages.
4. Check school zones for each address with the KGIS School Zone Search.
5. Get pre-approved or prepare proof of funds for your price range.

The Bottom Line

Knoxville’s wealthiest neighborhoods offer two distinct paths. The old money areas, Sequoyah Hills, Westmoreland Heights, and the Kingston Pike corridor, offer history, mature landscapes, and a close-in location. The new money areas, Gettysvue and Farragut, offer newer homes, golf, and suburban convenience. The right choice comes down to how you want to live.

Let’s Find Your Knoxville Neighborhood

Whether you’re relocating to Knoxville or comparing its top neighborhoods, Morrell Property Collective can walk you through current listings and recent sales. Call us at (615) 593-3103 to start the conversation.