Wed
Nov 27 2024
05:58 pm
More than half of all renters in Knoxville metropolitan area are cost-burdened, report say
By: jbr

"As 53% of renters continue to have to put between 30-50% of their income towards housing there is less to be spent in the greater economy. Not only can this impact the local economy, but can also impact the future wealth building for renters," the report said.

More than half of all renters in Knoxville metropolitan area are cost-burdened, report say

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jbr's picture

Rate of ‘cost-burdened’ renters in Knoxville area reaches 18-yea

Submitted by jbr on Tue, 2024/12/03 - 2:12pm.

East Tennessee Realtors Governmental Affairs and Policy Director Maria McHale said this is due to a lack of rental inventory.

I don't believe that. You dont have to raise the rent. I think the demand means they may can get away with it. The "Realpage" lawsuit by DOJ tells the story of landlord collusion in raising rents.

Rate of ‘cost-burdened’ renters in Knoxville area reaches 18-year high

Up Goose Creek's picture

Signs

Submitted by Up Goose Creek on Tue, 2024/12/03 - 4:41pm.
(in reply to jbr)

I have noticed more for rent signs in the last few weeks. Notably on Sevier Ave/Davenport where I hadn't seen any in the last few years.

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