The Metro Area Impact of Home Building in the Knoxville, Tennessee Metropolitan Statistical Area: Income, Jobs and Taxes Generated

This report presents estimates of the impacts of building 100 single-family homes, representative of the homes built in the Knoxville Metropolitan Statistical Area.

The estimated one-year metro area impacts of building 100 single-family homes in the Knoxville MSA include $42.7 million in local income, $5.1 million in taxes and other revenue for local governments, and 457 local jobs.

The additional, annually recurring impacts of building 100 single-family homes in the Knoxville MSA include $5.1 million in local income, $1.7 million in taxes and other revenue for local governments, and 70 local jobs.

Local Government Costs Compared to Revenue

This section summarizes the cost-revenue comparisons.

In the first year, 100 single-family homes built in the Knoxville MSA result in an estimated $5.9 million in tax and other revenue for local governments, $329,000 in current expenditures by local government to provide public services to the net new households at current levels, and $2.2 million in capital investment for new structures and equipment undertaken by local governments.

In a typical year after the first, the single-family homes result in $1.7 million in tax and other revenue for local governments, and $658,000 in local government expenditures to continue providing services at current levels.