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- The area is a popular vacation home destination because of its closeness to Knoxville (it's the state's second-largest market for a lake property), but in locations like LaFollette and New Tazewell, you can find a home for under $500,000. Potential investors might get about $27,000 if the cap rate is 4.4%. https://dordle.ioThe area is a popular vacation home destination because of its closeness to Knoxville (it's the state's second-largest market for a lake property), but in locations like LaFollette and New Tazewell, you can find a home for under $500,000. Potential investors might get about $27,000 if the cap rate is 4.4%. https://dordle.io
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