Knoxville has become one of the most active multifamily markets in Tennessee, second to Nashville. Summit just started construction on our second project in this market.
There is high demand for all housing types in Knoxville, from affordable communities to Class-A luxury developments due to population and employment growth. If the current pace continues, the region will reach a population of 1 million by 2028, according to Knox County Planning: https://knoxplanning.org/news/2023/0817/806/what-metropolitan-area-changes-mean-for-knoxville-and-region
Knoxville ranks No. 5 among 2025’s Top Emerging Multifamily Markets, driven by job growth, 96% occupancy, and high per-unit pricing, according to Yardi Matrix:
https://www.multihousingnews.com/top-emerging-multifamily-markets/
Knoxville’s multifamily market remained steady in 2024, supported by strong job growth and continued construction. New developments like Covenant Health Park highlight the metro’s economic momentum and long-term potential. See more in the April 2025 Knoxville Multifamily Report: https://www.multihousingnews.com/knoxville-multifamily-report-april-2025/
271 Units in Knoxville, Knox County, TN
288 Units in Friendsville, Blount County, TN
The Eastern region of Tennessee offers a high quality of life with its access to the Tennessee River, Smoky Mountains, and a mix of outdoor recreation, entertainment, and major employers, all at a more affordable cost than many other markets.
As an economic hub, Knox County attracts over 114,000 daily commuters from neighboring counties: https://www.tn.gov/workforce/tennessee-economic-data-/commute-patterns/commuter-data-county.html
The region’s job market is anchored by leading employers in healthcare, education, logistics, and manufacturing, including the University of Tennessee, Covenant Health, UT Medical Center, and DENSO Manufacturing Tennessee.
The greater Knoxville metro area includes nine counties: Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union.