THE RENTAL RADAR
WHERE TO INVEST NEXT KNOXVILLE, TN
K noxville is one of the Southeast’s most stable rental markets, with multifamily occupancy consistently above 95% and rents rising more than 30% over the past five years. The city benefits from steady population growth, driven by the University of Tennessee and a diverse employment base that continues to attract new residents. Knoxville is home to the Sunsphere, a 266-foot tall golden tower built for the 1982 World’s Fair. The structure’s glass panels are layered with real gold dust, giving it its signature shine and making it one of the city’s most recognizable landmarks.
JON ROOSEN Senior Partner SVN Wood Properties
Let’s take a look at some other fun facts about Knoxville, TN
Median household income
$67k
191k
Population
With a surrounding metro population of 990k
Median age 37-40 yrs
Average 1-bedroom rental $1,200 (vs. $1,580 nat'l avg)
Vacancy rate 1.6% (vs. 9.2% nat'l avg)
PAGE 32
Powered by FlippingBook