April 22, 2026
Matrix Multifamily Knoxville Report-April 2026
Knoxville starts 2026 on softer footing
Knoxville entered 2026 with softer multifamily fundamentals, as advertised asking rents fell 0.9 percent YoY to $1,470 in February and occupancy declined 70 bps YoY to 94.9 percent. Meanwhile, job growth rose 1.2 percent in 2025, double the U.S. average.
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