
- In Memphis (Shelby County), home prices increased 7.7% from 2023 to 2024, while incomes grew 2.2%. Rental rates there soared 82% over the last decade.
- Knoxville’s average rent rose 56% between 2020 and 2023, but median incomes increased only 3%. Home prices climbed 11.7% from 2022 to 2023.
- Chattanooga’s median home price more than doubled in eight years to $330,000. Rent rose 30% since 2020, yet renter incomes increased only 13%.





