October 8, 2025

Matrix Multifamily Knoxville Report-September 2025

Knoxville Cools

Knoxville’s fundamentals are cooling but remained above the U.S. average. Rent growth surpassed the national rate by 10 basis points, up by 0.3 percent on a T3 basis to $1,508 in July. Occupancy fell 60 bps YoY but remained healthy at 95.6 percent in June.

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