Farragut is its own town. Not a Knoxville neighborhood, not a subdivision — an incorporated municipality of about 23,500 people with its own mayor, its own board of aldermen and its own parks department, sitting between Blackoak Ridge and Fort Loudoun Lake at the western edge of Knox County.
That distinction is worth more than a trivia point. It changes what you pay in taxes, which schools your children attend, and in a few cases whether the house you are looking at is actually in Farragut at all.
Here is what you need to know before you buy or sell here.
Farragut is served by two ZIP codes — 37934 and 37922 — and neither one matches the town line.
It gets stranger. The Postal Service does not formally recognise “Farragut” as a city name at all. It is an alias for Knoxville, which is why your mail, your insurance quote and half the real estate listings you look at will say Knoxville, TN on a house that sits squarely inside Farragut.
The reverse also happens, and it is the expensive version. A large stretch of 37922 — Choto, Northshore, parts of Concord — is unincorporated Knox County, not Farragut. Some of it is zoned to Farragut Middle and Farragut High. Buyers see “37922” and “Farragut schools” and reasonably conclude they are buying in Farragut. They are not.
Three separate boundary systems overlap out here and none of them line up:
If you want certainty about a specific address, ask. It takes me about two minutes to confirm all three, and it is a better use of two minutes than finding out at closing.
This is the single biggest financial fact about living here, and it goes back to how the town came to exist.
In December 1979, Knoxville’s city council voted to annex the Interstate 40 right-of-way — part of a broader push to widen the city’s tax base by absorbing the affluent communities strung along Kingston Pike. Residents out here saw where it was heading and moved first. Farragut incorporated on 16 January 1980, specifically to stop it.
Forty-six years later, the town still levies no municipal property tax. Farragut homeowners pay the Knox County rate and nothing more. A comparable house inside Knoxville city limits carries both a county bill and a city bill.
Knox County’s rate for fiscal year 2026 is $1.5540 per $100 of assessed value.
One more thing out-of-state buyers routinely miscalculate: Tennessee assesses residential property at 25% of appraised value, not 100%. So a house appraised at $700,000 is assessed at $175,000, and the county rate applies to that figure — not to the full price.
Knox County completed a reappraisal in 2026, and values across the county came back up roughly 60%. A lot of people opened that envelope and assumed their tax bill was about to rise by the same amount.
That is not how Tennessee works.
Under the state’s certified tax rate law, a reappraisal cannot hand local government an automatic windfall. When values rise, the rate has to be recalculated downward so that the reappraisal by itself produces no additional revenue.
For a local government to collect more than the certified rate allows, it has to publish notice of a public hearing, hold that hearing, formally adopt a rate ordinance and file the paperwork with the State Board of Equalization. It is a deliberate, public process. It does not happen quietly inside an assessment letter.
Your bill can still change — if your property’s value rose faster than the county average, your share of the total goes up. But a 60% assessment increase does not mean a 60% tax increase, and anyone who tells you otherwise has not read the statute.
| Median sale price | $784,607 — up 14.5% year over year |
| Average home value | $701,737 — up 1.8% year over year |
| Median days on market | 48 — down from 57 last year |
| Median days to pending | 15 |
| Homes sold in the month | 152 — up 15.5% |
| Sale-to-list ratio | 98.3% |
| Sold above asking | 21% |
| Price per square foot | $241 — essentially flat, down 0.41% |
Sources: Redfin and Zillow, July 2026.
Read those first two rows again, because they disagree and both are correct.
Median sale price is up 14.5%. Average home value is up 1.8%. Price per square foot is flat. Those three facts only fit together one way: more expensive homes are selling than last year. That lifts the median without the market broadly appreciating.
This matters enormously if you are selling. A seller who reads a “Farragut prices up 14.5%” headline and prices to it is pricing to a statistical artifact, not to what their house is worth. That is how a home sits for ninety days and then sells for less than it would have brought in week one.
It matters if you are buying too. Homes are going under contract in a median of 15 days and one in five sells above asking. That is a market that rewards being ready — financing sorted, decisions made in advance — over one that rewards waiting for a better number.
Farragut is not one market. These are the communities that come up most:
Bridgemore — Custom homes with gated sections, architectural consistency and the town’s highest price points. Buyers here tend to stay.
Fox Den — Golf course living on larger lots. Established, which means both mature trees and houses with renovation upside. Good value per square foot if you are willing to update.
Sheffield — Traditional homes, mature landscaping, consistently steady resale demand. A reliable middle of the market.
Wentworth — Traditional architecture and real neighborhood continuity. Refined without announcing it.
Brookmere — Smaller and quieter, but still minutes from everything Farragut has.
The Grove at Boyd Station — Newer construction in the southern and western parts of town.
Ivey Farms (Phases 1 and 2) — New construction in the growth corridor.
Meadows on McFee — Recent development along McFee Road. Modern layouts, HOA governance, higher price points.
Village Green and Concord Hills — Long established, each with its own character and HOA.
Every one of these has a different price band, a different buyer and a different resale pattern. If you tell me what you are actually looking for, I can tell you which two or three are worth your Saturday.
Farragut is served by four Knox County public schools — Farragut Primary, Farragut Intermediate, Farragut Middle and Farragut High. Private options nearby include St. John Neumann Catholic School and Concord Christian School.
Farragut High School ranks 13th out of 389 Tennessee public high schools — the top 3% statewide. In the 2024–25 year:
Worth saying plainly, because most agent pages will not: the same reporting that produces those rankings also flags achievement gaps at Farragut High for Black students and for students with disabilities. If you have a child who needs specific support, the school-wide number is not the number that matters to you — and that is a conversation to have with the school directly before you buy. I would rather point you there than quote you a ranking.
Farragut runs six major parks and four greenways covering 7.5 miles. Anchor Park has 19 acres with fishing and trails. Mayor Bob Leonard Park has 50 acres of athletic fields. McFee Park has the splash pad your kids will make you visit repeatedly.
Turkey Creek handles most of the practical side of life — 25-plus restaurants, Costco, Kroger Marketplace, Fresh Market, a movie theatre, the library, urgent care. It is the reason people here talk about having everything within five minutes.
Fort Loudoun Lake forms the southern edge of town. Lake access is the differentiator Farragut has that the other West Knoxville suburbs do not.
And the history is real, not decorative. The area was Campbell’s Station long before it was Farragut, named for the fort Captain David Campbell built here in 1787. The Battle of Campbell’s Station was fought on 16 November 1863. The Campbell’s Station Inn, built in 1810, still stands on Kingston Pike near Town Hall. The town takes its current name from Admiral David Farragut, born just east of here in 1801.
I moved to East Tennessee in 2021 and I hold a Master’s Certification in Project Management from George Washington University — which is a strange credential for a real estate agent, and exactly the point. A transaction is a project. It has a critical path, dependencies and a dozen places where a missed date costs you money. I run it that way.
Whether you are buying or selling in Farragut, the first conversation is free and there is nothing to sign.
Or call me directly: 865-387-4142
Is Farragut part of Knoxville?
No. Farragut is a separately incorporated town in Knox County with its own government, incorporated in 1980. The Postal Service treats “Farragut” as an alias for Knoxville, which is why mailing addresses often say Knoxville — but the town line is real and it affects your taxes and services.
Do Farragut residents pay city property tax?
No. The Town of Farragut levies no municipal property tax. Residents pay the Knox County rate only, which is $1.5540 per $100 of assessed value for fiscal year 2026. Tennessee assesses residential property at 25% of appraised value.
What ZIP codes cover Farragut?
Primarily 37934 and 37922, plus a PO Box range. Neither ZIP matches the town boundary exactly — parts of 37922 are unincorporated Knox County rather than Farragut.
Will the 2026 reappraisal raise my taxes 60%?
No. Tennessee’s certified tax rate law requires the rate to be recalculated after a reappraisal so that higher values alone do not produce more revenue. Your bill can still shift if your property rose faster than the county average, but a 60% assessment increase is not a 60% tax increase.
What schools serve Farragut?
Farragut Primary, Farragut Intermediate, Farragut Middle and Farragut High, all Knox County Schools. Farragut High ranks 13th of 389 Tennessee public high schools. Some homes in 37922 are zoned to Farragut schools while sitting outside the town limits — confirm the specific address.
How fast are homes selling in Farragut?
As of July 2026, the median was 48 days on market and 15 days to pending, with 21% of homes selling above asking price.
