{"id":6563,"date":"2025-10-15T09:57:50","date_gmt":"2025-10-15T09:57:50","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6563"},"modified":"2025-10-15T09:57:52","modified_gmt":"2025-10-15T09:57:52","slug":"knoxville-multifamily-market-report","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/knoxville-multifamily-market-report\/","title":{"rendered":"Knoxville Multifamily Market Report \u2013 September 2025"},"content":{"rendered":"<h2>Softer Gains Across Fundamentals<\/h2>\n<p>Halfway through the year, Knoxville\u2019s multifamily market typically begins to cool down, according to the latest Yardi Matrix Knoxville multifamily market report. This pattern holds true in 2025. Rent growth moderated to 0.3%, on a trailing three-month basis through July, to $1,508, and occupancy fell 60 basis points year-over-year to 95.6% as of June. Knoxville outperformed the national figure, which was down 10 basis points in occupancy, to 94.7%, and up 20 basis points in rent growth.<\/p>\n<p><iframe id=\"datawrapper-chart-2kKRy\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Knoxville vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/2kKRy\/1\/\" height=\"329\" 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>Knoxville\u2019s employment growth moderated to 1.1% year-over-year through May, maintaining its lead over the 0.8% U.S. rate, as noted in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>. Growth was uneven across sectors, for a total of 4,300 net jobs. Four sectors added positions, led by education and health services (2,800 jobs) and trade, transportation and utilities (1,600 jobs). Meanwhile, four sectors lost 1,100 jobs combined, led by government (-400 jobs) and manufacturing (-300 jobs). The unemployment rate rose to 3.8% in June, between the 3.5% state and the 4.1% U.S. figure. Notable developments include the University of Tennessee\u2019s eight-story chemistry building, which is slated for completion in 2029.<\/p>\n<p><iframe id=\"datawrapper-chart-0dPZf\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Knoxville Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/0dPZf\/1\/\" height=\"417\" 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>Developers delivered 288 units in 2025 through July and had another 4,545 underway, with new construction increasing by 130% year-over-year. Meanwhile, investment activity remained low totaling just $42 million and consisting entirely of value-add sales. The price per unit decreased 4.0% this year, to $135,873.<\/p>\n<p>Read the full Yardi Matrix Knoxville Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7803-MatrixMultifamilyKnoxvilleReport-September2025\" rel=\"\"><strong>September 2025<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Softer Gains Across Fundamentals Halfway through the year, Knoxville\u2019s multifamily market typically begins to cool down, according to the latest Yardi Matrix Knoxville multifamily market report. This pattern holds true in 2025. Rent growth moderated to 0.3%, on a trailing three-month basis through July, to $1,508, and occupancy fell 60 basis points year-over-year to 95.6% [&hellip;]<\/p>\n","protected":false},"author":753,"featured_media":9459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[39,513],"class_list":["post-6563","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-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Knoxville Multifamily Market Report | Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Access the up-to-date Knoxville multifamily market report by Yardi 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