Home values skyrocketed all across the country during the pandemic, as low borrowing costs and the rise of remote work sparked a nationwide homebuying frenzy amid an ongoing inventory shortage.

But while in some of the most overheated markets—especially those in the Sunbelt and the South—home values have since fallen due to a decline in demand and affordability challenges, it is one Tennessee city, Knoxville, which takes the crown for the city which has seen the biggest home value boom since 2019.

According to a new report by Realtor.com, home values in Knoxville have risen by 85.9 percent since October 2019—the highest increase in the nation.

Why It Matters

The sharp rise in home values over the past six years has played a crucial role in the current housing affordability crisis gripp

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