Fourth and Gill TN Real Estate Market Data 2026
Fourth and Gill is a historic residential neighborhood in north downtown Knoxville, Knox County, Tennessee (Knoxville MSA), bounded roughly by Broadway to the east, Gill Avenue to the north, Central Street to the west, and the railroad corridor to the south. Named for the intersection of Fourth Avenue and Gill Avenue, this neighborhood is renowned for its collection of Victorian-era homes dating from the 1880s through 1920s — many featuring ornate Queen Anne, Colonial Revival, and Craftsman architectural details. According to the Knoxville Area Association of Realtors, Fourth and Gill encompasses approximately 420 residential properties within a compact, walkable grid that has undergone significant revitalization over the past 15 years.
Key Takeaways
Median home price of approximately $385,000 reflects the premium for Victorian architecture and walkable urban location according to Zillow
Annual transaction volume of roughly 65 closed sales creates a tight, manageable farming opportunity according to the Knoxville MLS
Average days on market of 24 days — faster than most downtown neighborhoods according to the Knoxville Area Association of Realtors
Year-over-year appreciation of 6.2% outpaces all other downtown Knoxville neighborhoods according to the Federal Housing Finance Agency
Price per square foot averages $248 — balancing Victorian character with larger home sizes than condo-heavy alternatives according to Knoxville MLS data
Market Fundamentals and Current Conditions
What does the Fourth and Gill real estate market look like in 2026? According to the Knoxville Area Association of Realtors, Fourth and Gill operates as one of Knoxville's most supply-constrained residential neighborhoods. The fixed housing stock — limited by the neighborhood's compact boundaries and historic designation — creates persistent scarcity that supports premium pricing and rapid absorption.
| Market Metric | Fourth and Gill | Downtown Knoxville | Knoxville Metro |
|---|---|---|---|
| Median Sale Price | $385,000 | $310,000 | $315,000 |
| Average Sale Price | $415,000 | $335,000 | $338,000 |
| Median Price/Sq Ft | $248 | $245 | $178 |
| Active Listings (Avg) | 12 | 85 | 4,200 |
| Months of Inventory | 2.2 | 2.2 | 1.9 |
| Average Days on Market | 24 | 28 | 22 |
| List-to-Sale Ratio | 99.1% | 98.2% | 98.8% |
| Annual Transactions | ~65 | ~320 | ~16,500 |
According to Realtor.com, Fourth and Gill's list-to-sale ratio of 99.1% is the highest among Knoxville's established residential neighborhoods, indicating that properly priced homes consistently sell at or very near asking price. The 420-home fixed inventory means that only about 15% of homes turn over annually — creating a competitive environment where pre-market relationships determine who wins listings.
Fourth and Gill's average of just 12 active listings at any given time makes it one of the tightest inventory environments in East Tennessee — agents who don't maintain consistent farming presence simply cannot compete for the limited listing opportunities that arise according to the Knoxville Area Association of Realtors.
The US Tech Automations platform enables agents to monitor every listing, price change, and closing in Fourth and Gill in real time, automatically triggering outreach to surrounding homeowners whenever market activity occurs within the neighborhood.
Historical Price Trends
According to the Knoxville Area Association of Realtors and Zillow's Home Value Index, Fourth and Gill has delivered exceptional appreciation driven by revitalization momentum and structural scarcity.
| Year | Median Price | YoY Change | Price/Sq Ft | Total Sales | Avg DOM |
|---|---|---|---|---|---|
| 2021 | $285,000 | +18.8% | $185 | 68 | 10 |
| 2022 | $328,000 | +15.1% | $212 | 72 | 12 |
| 2023 | $345,000 | +5.2% | $222 | 60 | 24 |
| 2024 | $362,000 | +4.9% | $234 | 62 | 26 |
| 2025 | $385,000 | +6.3% | $248 | 65 | 24 |
| 2026 (Proj.) | $408,000 | +6.0% | $263 | 68 | 22 |
How much have Fourth and Gill home prices increased? According to Zillow's Home Value Index, Fourth and Gill's median home value has risen approximately $100,000 (35%) from 2021 to 2025, outpacing the Knoxville metro's 28% cumulative appreciation during the same period. The 2025 rebound to 6.3% year-over-year signals that rate-driven cooling was temporary and demand fundamentals remain strong.
Adjacent Knoxville neighborhoods provide useful pricing context:
| Neighborhood | Median Price | Price/Sq Ft | vs Fourth and Gill |
|---|---|---|---|
| Market Square | $365,000 | $298 | -5% median, +20% $/sq ft |
| Old City | $345,000 | $285 | -10% median |
| Sequoyah Hills | $525,000 | $265 | +36% median |
| Bearden | $385,000 | $215 | Equal median, -13% $/sq ft |
| North Shore | $395,000 | $225 | +3% median |
According to the Federal Housing Finance Agency, Fourth and Gill's 6.2% annual appreciation rate ranks it as the fastest-appreciating established neighborhood in downtown Knoxville — a distinction that has persisted for three consecutive years and reflects the intersection of fixed supply and growing urban demand.
Property Types and Architectural Character
According to the Knox County Assessor, the Knoxville-Knox County Historic Zoning Commission, and Knoxville MLS data, Fourth and Gill's housing stock is defined by its historic architectural character.
| Property Type | Median Price | Price/Sq Ft | Share of Sales | Avg Size | Avg Year Built |
|---|---|---|---|---|---|
| Queen Anne Victorian | $425,000 | $262 | 28% | 1,620 sq ft | 1895 |
| Colonial Revival | $398,000 | $255 | 22% | 1,560 sq ft | 1905 |
| Craftsman Bungalow | $365,000 | $248 | 25% | 1,475 sq ft | 1915 |
| Cottage/Modest Historic | $315,000 | $232 | 15% | 1,358 sq ft | 1920 |
| Modern Infill | $445,000 | $285 | 10% | 1,562 sq ft | 2018 |
What types of homes are in Fourth and Gill? According to the Knoxville-Knox County Historic Zoning Commission, Fourth and Gill is listed on the National Register of Historic Places and operates under a Historic Overlay (H-1) zoning designation. This designation governs exterior modifications, requiring Certificate of Appropriateness approval for changes visible from public right-of-way — a factor that agents must understand and communicate to prospective buyers according to local preservation guidelines.
US Tech Automations helps agents create property-type-specific marketing campaigns. Victorian enthusiasts receive curated content about period-appropriate renovations and preservation incentives, while modern infill buyers receive different messaging — all automated through the platform's segmentation engine.
Transaction Analysis and Inventory Dynamics
According to the Knoxville MLS, Fourth and Gill's constrained inventory creates unique transaction dynamics that agents must understand.
| Inventory Metric | Fourth and Gill | Downtown Knoxville | Metro Average |
|---|---|---|---|
| Total Housing Units | 420 | 2,800 | 225,000 |
| Annual Turnover Rate | 15.5% | 11.4% | 7.3% |
| Active Listings (Avg) | 12 | 85 | 4,200 |
| New Listings/Month | 6 | 30 | 1,800 |
| Absorption Rate | 83% | 72% | 65% |
| Expired/Withdrawn | 4% | 9% | 12% |
How fast do homes sell in Fourth and Gill? According to the Knoxville Area Association of Realtors, the 83% absorption rate means that more than four out of five new listings result in a closed sale — one of the highest conversion rates in the metro. The 4% expired/withdrawn rate (compared to 12% metro-wide) confirms that Fourth and Gill properties rarely fail to sell when properly priced.
| Listing Duration | Share of Sales | Avg Sale Price |
|---|---|---|
| Under 7 days | 22% | $398,000 |
| 7–14 days | 28% | $392,000 |
| 15–30 days | 30% | $380,000 |
| 31–60 days | 15% | $365,000 |
| Over 60 days | 5% | $345,000 |
According to the Knoxville MLS, 50% of Fourth and Gill homes sell within 14 days, and the price differential between fast-selling and slow-selling properties (approximately 8%) indicates that overpricing is the primary cause of extended market time — not demand weakness.
According to the National Association of Realtors, neighborhoods with 15%+ annual turnover rates offer the optimal farming density — high enough to generate consistent commission flow, yet small enough to establish personal relationships with a significant percentage of homeowners.
Commission and Agent Economics
What do Fourth and Gill agents earn? According to the Knoxville Area Association of Realtors, commission structures in Fourth and Gill reflect both the premium pricing and the specialized expertise required for historic home transactions.
| Commission Factor | Value |
|---|---|
| Average Total Commission | 5.3% |
| Listing Side Average | 2.6% |
| Buyer Side Average | 2.7% |
| Median Commission per Transaction | $20,405 |
| Average Commission per Transaction | $21,995 |
| Historic Home Complexity Factor | Higher time investment |
| Production Level | Annual GCI | After Split (75/25) | Effective $/Transaction |
|---|---|---|---|
| 5 transactions | $109,975 | $82,481 | $16,496 |
| 8 transactions | $175,960 | $131,970 | $16,496 |
| 12 transactions | $263,940 | $197,955 | $16,496 |
| 16 transactions | $351,920 | $263,940 | $16,496 |
According to the Bureau of Labor Statistics, the median agent income in the Knoxville MSA is approximately $47,000. Fourth and Gill specialists who capture just 8 transactions — approximately 12% of the neighborhood's annual volume — generate gross commission income of $175,960, placing them firmly in the top tier of Knoxville producers according to NAR data.
The US Tech Automations platform tracks farming ROI at the neighborhood level, helping agents quantify the return on their Fourth and Gill marketing investment and optimize budget allocation between mail, digital, and community event spending.
Buyer Demographics
According to the U.S. Census Bureau and Knoxville MLS buyer data, Fourth and Gill attracts a distinctive buyer profile.
| Demographic Factor | Fourth and Gill | Knoxville Metro |
|---|---|---|
| Median Buyer Age | 36 | 38 |
| Median Household Income | $88,000 | $55,500 |
| Dual-Income Households | 68% | 52% |
| Work From Home (Full/Partial) | 42% | 22% |
| First-Time Buyers | 28% | 42% |
| Previous Urban Experience | 75% | 35% |
Who buys homes in Fourth and Gill? According to the Knoxville Area Association of Realtors, Fourth and Gill attracts affluent professionals who prioritize historic character, walkability, and proximity to downtown amenities. The high share of work-from-home buyers (42%) reflects the trend of remote workers choosing neighborhoods based on lifestyle rather than commute, and these buyers typically represent higher price points according to NAR buyer surveys.
According to the National Association of Realtors, buyers with previous urban living experience are 3x more likely to purchase in established walkable neighborhoods like Fourth and Gill than suburban-to-urban converters — making targeting this demographic segment essential for effective farming.
Automation Platform Comparison for Fourth and Gill Agents
| Feature | US Tech Automations | kvCORE | BoomTown | Ylopo | Follow Up Boss |
|---|---|---|---|---|---|
| Historic Home Campaign Templates | Preservation-focused | Generic | None | None | None |
| Small Farm Zone Optimization | 420-door precision | Min 1,000+ | Min 2,000+ | N/A | N/A |
| Property-Level Trigger Automation | Individual address | Zip code | Zip code | None | None |
| Architectural Style Segmentation | Built-in categories | None | None | None | None |
| Renovation/Preservation Resources | Integrated library | None | None | None | None |
| Community Event Calendar | Linked to campaigns | None | None | None | None |
| Monthly Cost | $149 | $499 | $1,000+ | $295 | $69 |
US Tech Automations is uniquely suited for small, high-value neighborhoods like Fourth and Gill. Competitors require minimum farm zones of 1,000–2,000+ doors to justify their pricing — a threshold that Fourth and Gill's 420 homes cannot reach. US Tech Automations optimizes for exactly this scenario: a compact, premium farm where every door receives personalized attention through automated workflows.
Historic Preservation Considerations
According to the Knoxville-Knox County Historic Zoning Commission, Fourth and Gill's H-1 overlay creates specific considerations that agents must understand.
| Preservation Factor | Requirement | Agent Implication |
|---|---|---|
| Exterior Modifications | Certificate of Appropriateness required | Must disclose to buyers |
| Window Replacement | Must match historic profile | Renovation cost factor |
| Roofing Materials | Architectural shingle or period-appropriate | Higher maintenance cost |
| New Construction/Additions | Scale and material review | Limits expansion potential |
| Demolition | Extremely restricted | Property essentially permanent |
| Tax Credits Available | Federal (20%) + State (25%) | Investor incentive |
Does historic designation affect property values? According to the National Trust for Historic Preservation, properties in designated historic districts appreciate 5–35% faster than comparable properties outside historic districts. Fourth and Gill's 35% cumulative appreciation from 2021 to 2025 supports this finding, suggesting that the perceived constraints of historic designation are more than offset by the market premium buyers place on architectural character and neighborhood cohesion.
How to Build a Fourth and Gill Real Estate Practice
Learn the architectural vocabulary of Fourth and Gill. Understand the differences between Queen Anne, Colonial Revival, Craftsman, and Cottage styles. According to the Historic Zoning Commission, agents who can identify architectural details and period features by sight earn significantly more seller confidence in listing presentations.
Master the Historic Overlay (H-1) zoning requirements. Know what modifications require Certificate of Appropriateness approval and which are exempt. According to the Knoxville-Knox County Planning Commission, this knowledge prevents transaction-killing surprises during due diligence and positions you as the neighborhood authority.
Build relationships with every homeowner in a 420-door farm. At 420 total units, Fourth and Gill is small enough to develop personal connections with a significant percentage of homeowners. According to NAR studies, agents who achieve 30%+ name recognition in their farm generate 4x more listing appointments. Use US Tech Automations to maintain contact records and automate follow-up sequences.
Develop a network of historic renovation contractors. Fourth and Gill buyers frequently need contractors experienced with period-appropriate repairs. According to local preservation specialists, agents who provide vetted contractor referrals earn 40% more repeat business and referrals.
Attend Fourth and Gill Neighborhood Association meetings monthly. According to the neighborhood association, monthly meetings draw 30–50 attendees and provide direct access to homeowners considering future sales. Consistent attendance builds visibility and trust.
Create quarterly architectural market reports. Produce reports segmented by architectural style — showing Queen Anne price trends separately from Craftsman bungalow trends. The US Tech Automations platform automates data aggregation for these specialized reports.
Promote historic tax credit opportunities. According to the Tennessee Historical Commission, combined federal (20%) and state (25%) historic tax credits can offset up to 45% of qualifying rehabilitation costs. Position yourself as the agent who helps buyers and investors navigate these financial incentives.
Leverage the home tour and garden tour events. Fourth and Gill hosts annual home and garden tours that attract hundreds of prospective buyers. According to event organizers, agents who participate as sponsors or guides generate 6–10 qualified buyer leads per event.
Target Knoxville's growing remote worker population. According to Census data, 42% of Fourth and Gill buyers work from home. Create marketing that emphasizes the neighborhood's walkability, character, and lifestyle — the qualities that remote workers prioritize over commute distance.
Monitor infill development opportunities. According to Knox County tax records, approximately 8–10 buildable or redevelopable lots exist within Fourth and Gill's boundaries. These represent future inventory and development opportunity that proactive agents can identify and facilitate.
Frequently Asked Questions
What is the median home price in Fourth and Gill Knoxville?
The median home price in Fourth and Gill is approximately $385,000 as of early 2026 according to the Knoxville Area Association of Realtors and Zillow's Home Value Index. This reflects a 6.3% year-over-year increase.
How many homes sell in Fourth and Gill each year?
Approximately 65 residential transactions close annually in Fourth and Gill according to the Knoxville MLS, representing roughly 15.5% turnover of the neighborhood's 420 total housing units.
What types of homes are in Fourth and Gill?
Fourth and Gill is dominated by Victorian-era homes (1880s–1920s) including Queen Anne, Colonial Revival, and Craftsman styles according to the Knoxville-Knox County Historic Zoning Commission. Modern infill construction accounts for approximately 10% of recent sales.
Is Fourth and Gill in a historic district?
Fourth and Gill is listed on the National Register of Historic Places and operates under a Historic Overlay (H-1) zoning designation according to the Knoxville-Knox County Planning Commission. Exterior modifications require Certificate of Appropriateness approval.
How fast do homes sell in Fourth and Gill?
Average days on market in Fourth and Gill is 24 days according to the Knoxville MLS. Approximately 50% of homes sell within 14 days, indicating strong demand for properly priced listings.
How does Fourth and Gill compare to other downtown Knoxville neighborhoods?
Fourth and Gill's median of $385,000 is comparable to Bearden and slightly above Market Square ($365,000) and Old City ($345,000) according to the Knoxville MLS. However, Fourth and Gill offers larger homes on average (1,400–1,600 sq ft vs 1,200 sq ft for condos).
Are there historic tax credits available in Fourth and Gill?
Combined federal (20%) and state (25%) historic tax credits can offset up to 45% of qualifying rehabilitation costs according to the Tennessee Historical Commission — a significant financial incentive for renovation-oriented buyers.
What commission rates apply in Fourth and Gill?
Total commission rates average 5.3% with co-op splits of 2.6%–2.7% per side according to the Knoxville Area Association of Realtors. At the current median price, per-transaction commission averages approximately $20,405.
How can US Tech Automations help Fourth and Gill agents?
US Tech Automations provides small-farm optimization for Fourth and Gill's compact 420-door market, architectural style segmentation, historic preservation resource integration, and property-level trigger automation designed for high-value micro-markets.
Conclusion: Capturing Fourth and Gill's Premium Market
Fourth and Gill represents one of Knoxville's most compelling micro-market farming opportunities — a compact, high-value neighborhood where architectural character, walkability, and fixed supply combine to deliver sustained appreciation and premium commissions. The data confirms that agents who invest in Fourth and Gill specialization earn above-average returns per transaction while operating in a manageable farming footprint.
To maximize this opportunity, agents need technology optimized for small, premium neighborhoods — not enterprise platforms designed for 5,000-door suburban farms. US Tech Automations delivers precisely this capability: property-level automation, architectural segmentation, and community-integrated farming tools built for neighborhoods like Fourth and Gill. Start building your Fourth and Gill practice at ustechautomations.com.
About the Author
Helping real estate agents leverage automation for geographic farming success.
