NAICS 53

Real Estate and Rental and Leasing in Knoxville, TN

Metro Market Score 51.9 (Challenging), ranked #229 of 330 metros. 1,082 establishments, 5,249 jobs.

Metro Market Assessment

Metro Market Score 51.9
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Real Estate and Rental and Leasing conditions in Knoxville are mixed. The 51.9 market score puts it at #229 of 330, with no metric pulling sharply in either direction. Wages, growth, and competition are all within a normal range for this industry.

Industry Concentration
52.4
LQ: 0.80
Rank #173 of 330 metros
Wage Competitiveness
76.1
$64,326 avg wage
Growth Trend
↓ 42.1
Employment growth index
Rank #192 of 330 metros
Wage Pressure
12.3
YoY wage change index

1,082 Real Estate and Rental and Leasing Firms in Knoxville

1,082
Establishments
+3.4% YoY
5,249
Total Employment
+0.0% YoY
$64,326
Average Annual Wage
+0.0% YoY
0.80
Location Quotient
Below national avg

Knoxville vs Tennessee Statewide

How this metro's real estate and rental and leasing market compares to Tennessee overall. The state ranks #18/51 for entry risk.

Measure Knoxville TN Statewide
Overall Score 51.9 Challenging 37.2 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #229 of 330 metros #18 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Knoxville

Finance and Insurance 54.1 Retail Trade 63.7 Administrative and Support Services 65.6

Real Estate and Rental and Leasing in Other Tennessee Metros

Kingsport-Bristol 13.8 #7/330 Cleveland 15.9 #11/330 Jackson 27.7 #55/330 Johnson City 28.0 #59/330 Chattanooga 41.4 #155/330 Morristown 44.1 #175/330

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Knoxville's real estate and rental and leasing sector, the wage competitiveness component (76.1) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.