Farragut

Population: 24,309
Median household income: $142,402
Median home value: $513,100

Farragut is a community in Knox County, Tennessee, home to 24,309 residents. Its median household income of $142,402 runs above the Knox County figure of $71,662.

From 2019 to 2023, Farragut's population grew 7.4% from 22,631 to 24,309, while its median home value rose 38.5% from $370,400 to $513,100.

The median gross rent is $1,691. 65.1% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 24,309
Median age: 45.7 yrs
Median household income: $142,402
Median home value: $513,100
Median gross rent: $1,691
Housing units: 9,104
Homeownership rate: 85.3%
Bachelor's degree or higher: 65.1%
Unemployment rate: 2.5%

Trends

ACS 5-year · 2019–2023

Population

22,63124,309

Median household income

$108,511$142,402

Median home value

$370,400$513,100

Median gross rent

$1,120$1,691

Year	Population	Median household income	Median home value	Median gross rent
2019	22,631	$108,511	$370,400	$1,120
2020	23,110	$109,156	$370,900	$1,245
2021	23,388	$119,167	$398,900	$1,390
2022	23,795	$135,725	$463,300	$1,525
2023	24,309	$142,402	$513,100	$1,691

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.8%

5 to 1718.1%

18 to 248.0%

25 to 346.2%

35 to 4412.6%

45 to 5416.6%

55 to 6413.0%

65 to 7413.1%

75 and over8.8%

	Count	Share
Under 5	920	3.8%
5 to 17	4,388	18.1%
18 to 24	1,939	8.0%
25 to 34	1,504	6.2%
35 to 44	3,052	12.6%
45 to 54	4,027	16.6%
55 to 64	3,151	13.0%
65 to 74	3,191	13.1%
75 and over	2,137	8.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	21,682	89.2%
Black or African American	221	0.9%
American Indian & Alaska Native	15	0.1%
Asian	975	4.0%
Native Hawaiian & Pacific Islander	54	0.2%
Some other race	19	0.1%
Two or more races	563	2.3%
Hispanic or Latino (any race)	780	3.2%

Educational attainment (age 25+)

No high school diploma1.9%

High school graduate10.6%

Some college or associate's22.3%

Bachelor's degree38.0%

Graduate or professional degree27.1%

	Count	Share
No high school diploma	332	1.9%
High school graduate	1,815	10.6%
Some college or associate's	3,805	22.3%
Bachelor's degree	6,488	38.0%
Graduate or professional degree	4,622	27.1%

Commute to work

Mean travel time to work: 22 min

Drove alone73.0%

Carpooled3.5%

Public transit0.0%

Walked0.6%

Bicycle0.3%

Worked from home21.4%

Other means1.1%

How workers get to work

	Count	Share
Drove alone	8,825	73.0%
Carpooled	422	3.5%
Public transit	0	0.0%
Walked	72	0.6%
Bicycle	42	0.3%
Worked from home	2,593	21.4%
Other means	136	1.1%

Travel time

	Count	Share
Under 15 min	2,233	23.5%
15 to 29 min	4,654	49.0%
30 to 44 min	2,185	23.0%
45 to 59 min	141	1.5%
60+ min	284	3.0%

Households

Average household size: 2.67
Poverty rate: 2.9% (690 of 23,920)

	Count	Share
Family households	6,993	77.8%
Nonfamily households	1,994	22.2%

Housing

Median year structure built: 1992

Occupancy

	Count	Share
Occupied	8,987	98.7%
Vacant	117	1.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	7,662	85.3%
Renter-occupied	1,325	14.7%

1-unit, detached88.3%

1-unit, attached4.9%

2 to 4 units2.3%

5 to 19 units1.8%

20 or more units2.8%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	8,037	88.3%
1-unit, attached	442	4.9%
2 to 4 units	209	2.3%
5 to 19 units	162	1.8%
20 or more units	254	2.8%
Mobile home & other	0	0.0%

Geography

Place GEOID: 4725760
Type (LSAD): 43
Land area: 16 sq mi
Water area: 0.16 sq mi
Center point: 35.8762, -84.1800