Sun
Dec 3 2023
11:02 pm
Metros where renters are the most overextended in Tennessee
By: jbr

#11. Knoxville

– Median gross rent as a percentage of household income: 27.8%
– Median rent: $920
– Number of renter-occupied homes: 107,131 (30.7% of all housing units)

Metros where renters are the most overextended in Tennessee

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bizgrrl's picture

The Median gross rent as a

Submitted by bizgrrl on Mon, 2023/12/04 - 7:05am.

The Median gross rent as a percentage of household income: 27.8% doesn't seem that bad. However, I didn't think a person could find many options in the Knoxville area for rentals at $920/month. I've seen where the median rent in this area is $1,250 to $1,850.

jbr's picture

From what I have seen it is

Submitted by jbr on Mon, 2023/12/04 - 9:17pm.
(in reply to bizgrrl)

From what I have seen it is higher. I wonder if that gets increased by the local managing entities in order to sell the complexes to out of town entities. Making them a more enticing buy.

Those buyers not knowing area salaries dont support that kind of rent level.

But the sell has been made and the former owner has their cash.

jbr's picture

US homelessness hits highest level as rents have soared

Submitted by jbr on Fri, 2023/12/15 - 10:33pm.

US homelessness hits highest level as rents have soared

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