Why do people buy in Knoxville?

Most Popular Reply

Saunya Wenger
Accountant · TN · Member since 2020 · 23 posts · 19 votes
3y

Have you visited Knoxville and Nashville? I have lived in Knoxville for many years and spent many days in Nashville visiting family and friends. Traffic and high cost of real estate are two big deterrents to enjoying Nashville. Knoxville has some afternoon traffic.
It also has more water access to the rivers and lakes all through the city. Knoxville doesn’t have pedal taverns downtown like Nashville, but that’s because of the zoning required to allow them, not because they want to spoil the fun. The rezoning from business to tourist zone won’t be happening in Ktown any time soon. 
There’s plenty of entertainment in the downtown area in walking distance. Knoxville doesn’t have an NFL or NHL team, but there’s other sports to enjoy. Come check it out! 

Meanwhile I’m putting down some roots in upper East Tennessee - Johnson City. It’s up and coming with no traffic!

4Reply
See this reply in the discussion

7 Replies

Jump to latestLatest
  • Justin BeasleyPro Member
    Pigeon Forge, TN · Member since 2020 · 102 posts · 69 votes
    3y

    East TN in general is a good investment area. Knox County, Jefferson, and Blount County are all strong long term rental markets. There is major demand for affordable housing, a low barrier of entry compared to other metro markets, and the property taxes are low. Don't love the long term market in East TN? Go buy a STR in the Smokies. There is something for just about every investor in our area.

    [email protected]
    3Reply
  • Chris Webb
    Investor · Central Virginia · Member since 2020 · 393 posts · 253 votes
    3y

    Timely post as my friend just started at UT, which would be my first answer. I briefly looked at multi-fam today and found one that she could house hack on the MLS.

    1Reply
  • Jeremy D. Flood
    Lender · Chicago, IL · Member since 2022 · 12 posts · 19 votes
    3y
    Quote from @Justin Beasley:

    East TN in general is a good investment area. Knox County, Jefferson, and Blount County are all strong long term rental markets. There is major demand for affordable housing, a low barrier of entry compared to other metro markets, and the property taxes are low. Don't love the long term market in East TN? Go buy a STR in the Smokies. There is something for just about every investor in our area.

    I agree. The Nashville area has become a hot market and many buyers are having more success in the surrounding counties. Plus, you're closer to The Smokey Mts/Gatlinburg/Pigeon Forge which have been a relatively unknown destination for vacation until recent years. Now is the time to buy in East Tennessee.  
    3Reply
  • Zechariah Gawthrop
    OP
    Real Estate Agent · Maryville · Member since 2022 · 6 posts · 1 vote
    3y

    Thank you for everyone's input. I definitely agree there is great potential in East TN landmarks such as the smokies. Pretty much anywhere where there are large universities, opportunities tend to follow as well. I hear that the Knoxville airport "may" eventually get turned into an international airport which would definitely increase it's draw as well.

    0Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    3y

    Because the Mayor is Kane

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group546 Reviews
    WebsiteView Page
    3Reply
  • Saunya Wenger
    Accountant · TN · Member since 2020 · 23 posts · 19 votes
    3y

    Have you visited Knoxville and Nashville? I have lived in Knoxville for many years and spent many days in Nashville visiting family and friends. Traffic and high cost of real estate are two big deterrents to enjoying Nashville. Knoxville has some afternoon traffic.
    It also has more water access to the rivers and lakes all through the city. Knoxville doesn’t have pedal taverns downtown like Nashville, but that’s because of the zoning required to allow them, not because they want to spoil the fun. The rezoning from business to tourist zone won’t be happening in Ktown any time soon. 
    There’s plenty of entertainment in the downtown area in walking distance. Knoxville doesn’t have an NFL or NHL team, but there’s other sports to enjoy. Come check it out! 

    Meanwhile I’m putting down some roots in upper East Tennessee - Johnson City. It’s up and coming with no traffic!

    4Reply
  • Cliff Fruct
    Real Estate Agent · Member since 2022 · 3 posts · 4 votes
    3y
    Quote from @Jeremy D. Flood:
    Quote from @Justin Beasley:

    East TN in general is a good investment area. Knox County, Jefferson, and Blount County are all strong long term rental markets. There is major demand for affordable housing, a low barrier of entry compared to other metro markets, and the property taxes are low. Don't love the long term market in East TN? Go buy a STR in the Smokies. There is something for just about every investor in our area.

    I agree. The Nashville area has become a hot market and many buyers are having more success in the surrounding counties. Plus, you're closer to The Smokey Mts/Gatlinburg/Pigeon Forge which have been a relatively unknown destination for vacation until recent years. Now is the time to buy in East Tennessee.  

    What do you mean by relatively unknown destination? Smokey Mts in the #1 visited National Park in the country.

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free