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Knoxville One of Nation’s “Hidden Gems”

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Knoxville, TN, December 19, 2021 –(PR.com)– During the 2022 Real Estate Forecast Summit, the National Association of REALTORS® (NAR) ranked Knoxville, Tennessee as one of the Top 10 “hidden gems” of the housing market.

NAR defines a “hidden gem” as a market whose median home price-to-median family income ratio is at the lower end of the distribution of 378 markets relative to the distribution of its combined set of market fundamentals. Market fundamentals include job growth, wage growth, population growth, population to housing permits, net domestic migration to population, share of population ages 25 to 44 years old, and fraction of household with broadband services.

“With continued growth on the horizon, it’s important to underscore that housing is the backbone of sustainable economic growth and prosperity. Meeting the rising demand for affordable housing of all types — subsidized, market-rate, single-family,…

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