Matrix Multifamily Knoxville Report-April 2026 April 22, 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.