MARKET SNAPSHOT Knoxville q3 2025

Market Overview

‍The multifamily market in Knoxville is showing stability in Q3 2025, with average asking rent at about $1,508 per unit and occupancy near 95.6 percent. While absorption remains modest, the development pipeline is active with approximately 4,545 units under construction, which supports a cautious optimism for continued demand in the region.

‍About MMG

‍MMG Real Estate Advisors is a U.S.-based research and advisory firm specialising in metro-level multifamily housing markets. Their Knoxville Q3 2025 market report offers data on rent trends, occupancy, delivery, pipeline activity and investment flows to help owners, developers and investors assess timing and strategic positioning. To read the full report, click here.