Matrix Multifamily Knoxville Report-Summer 2021 September 15, 2021

Knoxville edges up

Knoxville rents rose 1.6% to $1,176 on a trailing three-month basis through July, on par with the U.S. growth rate but below the national average rent of $1,510. Employment growth turned positive, rising 0.6% in the 12 months ending in May, well above the -1.9% U.S. rate.