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1031 Exchange Knoxville, Tennessee

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Knoxville due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Knoxville, Tennessee is a part of the Knoxville, TN metropolitan area, and contains 30 zip codes, including: 37918, 37939, 37933, 37950, 37921, and 37995.

Knoxville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Knoxville, TN metropolitan area was $777, which is 23.14% lower than 2014 average rent. This represents a compounded annual growth rate of 4.25%. 2019 vacancy in Knoxville, TN was 4.10%.

The total population of the city of Knoxville, TN has grown 4.82% since 2010. As of 2018, the population was 187,500. The median household income of the Knoxville was $37,703, which is 37.47% lower than the national average.

  • metropolitan area Knoxville, TN
  • avg rent $777
  • rent growth 23.14%
  • vacancy 4.10%
  • median income $37,703
  • population (2018) 187,500
  • population growth 4.82%
  • vs. nat'l avg 37.47%
  • zip codes 37901 37902 37909 37912 37914 37915 37916 37917 37918 37919 37920 37921 37922 37923 37924 37927 37928 37929 37930 37931 37932 37933 37938 37939 37940 37950 37995 37996 37997 37998

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