Knoxville is the 84th largest multifamily market with 41,611 completed units and 4,715 units in development, 1,600 of which have already broken ground, as of December 2021.
Knoxville Multifamily Market Summary – December 2021
New lease asking rents are at $1,274, up 15.9%▲
from the previous year placing Knoxville at 28th
overall in year-over-year rent growth.