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City of Pittsburgh

Investing in Knoxville

A Pittsburgh investor's snapshot of Knoxville — typical rents, rent-to-price, renovation values, and how the numbers pencil for rentals and flips.

Rental snapshot

Max Cashflow
Rent-to-price1.79–2.26%/mo
Price / unit (2–4 unit)$40K–$55K/unit
1-BR rent$750–$950/mo
2-BR rent$850–$1,075/mo
3-BR rent$1,050–$1,300/mo

Flip / value-add snapshot

Value
Renovated ARV$135-$180K
Typical buy range$60K-$105K

South Side slopes adjacent.

How Knoxville pencils

  • rents are strong against the purchase price, which is what makes a rental pencil here
  • there is a real spread between buy price and renovated value, so a value-add works when you buy right
  • entry prices are among the lowest in the metro

Against the rest of the metro

16th
best rent-to-price of 192 submarkets
9%
of Pittsburgh submarkets are cheaper to buy into
1.91×
renovated value vs. typical buy price

What a typical Knoxville rental looks like

Purchase (midpoint of the range)$82,500
Rent (typical 2-bed)$963/mo
Down payment (25%)$20,625
Principal & interest (7%, 30yr)$412/mo
Taxes & insurance$151/mo
Vacancy & maintenance (7% + 10%)$164/mo
Estimated cashflow$236/mo

13.7% cash-on-cash on the down payment alone

Self-managed, before closing costs and rehab. Midpoints of the published ranges — a real property will differ, which is what the analysis on an actual address is for.

Want Knoxville deals as they come up?

I'll talk through the market, your buy box, and your goals — then send off-market and new Knoxville deals that fit.

If Knoxville works for you, look at these

Similar entry price, rent-to-price and renovated value.

Directional investment estimates showing where the numbers point — not an appraisal, and not a statement about any community or its residents. Always run real comps and rents on a specific property. Equal Housing Opportunity.