Out-of-state buyer dishes on hot real estate
Seventeen households per day for the first five months of 2021.
That’s how many new net households the Knoxville metro area has gained, on average, according to an analysis conducted by the Knoxville Area Association of Realtors (KAAR) of United States Postal Service change of address data.
The 2,853 households were likely attracted to the up-and-coming area for its low cost of living, growing business opportunities and quality of life. They also bring a new level of competition to Knoxville’s real estate market.
Since the pandemic began in March 2020, KAAR’s study estimated Knox County has gained 3,870 new households.
So far this year, permanent moves to Knox County are up 220% from 2020 and 402% from 2019.