{"id":10889,"date":"2026-04-29T06:33:00","date_gmt":"2026-04-29T06:33:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10889"},"modified":"2026-09-30T06:46:41","modified_gmt":"2026-09-30T06:46:41","slug":"knoxville-multifamily-market-report-april-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/knoxville-multifamily-market-report-april-2026\/","title":{"rendered":"Knoxville Multifamily Market Report \u2013 April 2026"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/knoxville-multifamily-market-report\/\">Knoxville Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Job Growth Solid Amid Softening Fundamentals<\/h2>\n<p>Knoxville\u2019s multifamily market registered a tepid start to 2026. Advertised asking rents decreased 0.4%, on a trailing three-month basis, to $1,470 in February, while year-over-year rates fell 0.9%, lagging the national average which ticked up 0.1%, as noted in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>. The occupancy rate in stabilized properties decreased 70 basis points to 94.9%, staying above the 94.3% U.S. average.<\/p>\n<p><iframe id=\"datawrapper-chart-AUFKm\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Knoxville vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/AUFKm\/1\/\" height=\"327\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Employment growth slowed to 1.2% in December but still out paced the 0.6% U.S. rate. Meanwhile, unemployment stood at 2.9%, below both Tennessee\u2019s 3.6% and the 4.4% national rate. The metro added 4,100 net jobs in 2025, with gains in four sec tors, led by education and health services and government, while five sectors lost jobs, with the steepest declines in professional and business services, manufacturing and mining, logging and construction. Recent economic drivers include the opening of the $114 million Covenant Health Park downtown stadium project and the first phase of Greenheck Group\u2019s $300 million Midway Business Park campus, which will begin operations in fall 2026.<\/p>\n<p><iframe id=\"datawrapper-chart-yG18d\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Knoxville Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/yG18d\/1\/\" height=\"416\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Supply remained robust, with 1,818 units delivered in 2025 and 4,657 underway as of February, sustained by an acceleration of construction starts in 2025. Investment activity improved in 2025, with multifamily sales reaching $196 million, while the average price per unit fell 6.2% to $132,648 in December.<\/p>\n<p>Read the full Yardi Matrix Knoxville Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8547-MatrixMultifamilyKnoxvilleReport-April2026\" rel=\"\"><strong>April 2026<\/strong><\/a><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Job Growth Solid Amid Softening Fundamentals Knoxville\u2019s multifamily market registered a tepid start to 2026. Advertised asking rents decreased 0.4%, on a trailing three-month basis, to $1,470 in February, while year-over-year rates fell 0.9%, lagging the national average which ticked up 0.1%, as noted in the national multifamily market report. The occupancy rate in stabilized [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":10291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[39,519],"class_list":["post-10889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-knoxville","tag-multifamily-outlook-2026"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Knoxville Multifamily Market Report \u2013 April 2026 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Knoxville entered 2026 with softer multifamily fundamentals, as advertised asking rents fell 0.9 percent YoY to $1,470 in February.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/knoxville-multifamily-market-report-april-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Knoxville Multifamily Market Report \u2013 April 2026\" \/>\n<meta property=\"og:description\" content=\"Knoxville entered 2026 with softer multifamily fundamentals, as advertised asking rents fell 0.9 percent YoY to $1,470 in February.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/knoxville-multifamily-market-report-april-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-29T06:33:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-30T06:46:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/10\/Knoxville-iStock-2226523455-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Knoxville Multifamily Market Report \u2013 April 2026 - 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