Eastwood Townhomes presents a unique opportunity to acquire a luxury build-to-rent community developed by D.R. Horton — America’s leading homebuilder — in one of the Southeast’s most compelling and consistently growing mid-market metros. Positioned along the Asheville Highway corridor in East Knoxville, the community delivers an institutional grade, townhome rental product in a submarket characterized by above average household income, low resident turnover, structural renter demand, and a rapidly expanding employment base.
The immediate trade area reports a median household income of $86,758 — 60% above the city of Knoxville median number. Homeownership in this corridor is economically inaccessible for a large share of working families: median home sale prices within 5 miles have reached $386,500, and prevailing 30-year mortgage rates translate to monthly carrying costs of $2,400–$2,600 — well above the subject’s proforma average rent of $2,173. This affordability gap is the engine of durable occupancy.
The broader market context is equally favorable. Knox County is the second-fastest growing county in Tennessee, the Knoxville MSA is on pace to surpass one million residents, and the Asheville Highway corridor has been formally designated as a priority redevelopment corridor in the county’s newly adopted 20-year comprehensive plan. A concentrated cluster of catalyst investment — including the $114M Covenant Health Park, Greenheck Group’s $300M manufacturing campus, and multiple private-sector expansions — is expanding the local employment base in the skilled-trades and workforce segments that de?ne the immediate renter demographic.
Jordan Arand
Northmarq
