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Knoxville, TN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,773
Monthly Cash Flow
-$229
Principal + Equity
$2,962
Annual Total Gain
$32,796
Cash on Cash
-3.01%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$176
Occupancy Rate
57.14%
Monthly Revenue
$2,296
Monthly Cash Flow
-$51
Principal + Equity
$2,962
Annual Total Gain
$34,937
Cash on Cash %
-0.67%
Net ROI %
Market Health & Growth
Median Income
$50,994
Population
193,721
LTR Renter %
53.44%
Forecast (1 yr)
4.56%
Appreciation (1 yr)
0.43%
Appreciation (5 yr)
71.69%
Appreciation (10 yr)
132.38%
Job Growth
1.11%
LTR Rentability
Low
STR Demand
68
STR Rentals
1,259
Top Public Schools
AL&N STEM Academy
A-Farragut High School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Live in America
#91out of 229 markets
Best Cities to Raise a Family in America
#97out of 229 markets
Cities with the Lowest Cost of Living in America
#52out of 229 markets
B
Public School
D
Crime And Safety
C
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Knoxville, TN.
In Knoxville, TN, Short Term Rental (STR) regulations are governed by the city's zoning ordinances. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Zoning Restrictions: Knoxville has specific zoning regulations that dictate where short term rentals are permitted. Investors should ensure that the property they are considering is located in a zone that allows for short term rentals.
2. Permitting Requirements: In order to operate a short term rental in Knoxville, investors must obtain a permit from the city. This permit may require an inspection of the property to ensure it meets safety and health standards.
3. Occupancy Limits: Knoxville has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure they are in compliance.
4. Noise and Nuisance Regulations: Knoxville has noise and nuisance regulations that apply to short term rentals. Investors should be aware of these regulations and take steps to ensure their guests are respectful of neighbors.
5. Taxation: Investors should be aware of the tax implications of operating a short term rental in Knoxville. This may include occupancy taxes, sales taxes, and business license fees.
6. Homeowners Association Rules: If the property is located in a neighborhood with a homeowners association, investors should review the association's rules and regulations regarding short term rentals. Some associations may have restrictions or prohibitions on short term rentals.
Overall, investors considering purchasing a property for short term rental purposes in Knoxville, TN should thoroughly research and understand the local regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Knoxville, TN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Knoxville, TN.
The LTR Genie Score of Knoxville, TN is 76 and STR Genie Score is 78, indicating a high level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low may be due to factors such as competition from other rental properties or a saturated market. However, the LTR Net ROI of 35.87% and the 1-Year Price Appreciation Forecast of 4.56% suggest that long-term rental investments in Knoxville could still be profitable. On the other hand, the high STR Genie Score of 78, along with a STR Net ROI of 38.21% and an STR Occupancy rate of 57.14%, indicate that short-term rental investments in Knoxville may offer even higher returns.
Knoxville, TN is a growing city with a diverse economy, a strong job market, and a growing population. The city is home to the University of Tennessee, which attracts students and faculty members looking for housing options. Additionally, Knoxville's proximity to the Great Smoky Mountains National Park makes it a popular destination for tourists, which could benefit short-term rental investors.
In conclusion, Knoxville, TN appears to be an attractive market for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this promising market.
