Matrix Multifamily Knoxville Report-Spring 2021 April 22, 2021

Knoxville rents rise

Knoxville rents rose 0.4% to $1,099 on a trailing three-month basis through February, with strong demand for both asset classes. The employment market posted a 2.2% contraction in the 12 months ending in December, substantially outperforming the -6.8% national rate.