Matrix Multifamily Knoxville Report-September 2025 October 08, 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.