Report: Apartment rent growth in the Knoxville area far exceeded national rate in October 2023

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Housing prices in the Knoxville area continued to climb in November 2023, according to a report from the East Tennessee REALTORS group. It tracks housing market trends in the area, preparing monthly reports on prices, supply and more.

Its November 2023 report found rent prices were increasing far faster than the national average. It said in October, rents in the Knoxville area increased by 4.14% compared to the previous year. Nationally, that rate was 0.09%.

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