East Ridge, TN—37412
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Ridge, TN
As of Oct '25, the median home price in East Ridge, TN is $256,000, with a year-over-year change of -0.1%. This indicates that home prices in East Ridge, TN are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | -0.1% |
| Single Family | $256,000 | -0.4% |
| Condos | $241,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $216,000 | 0.5% |
3 Bed | $272,000 | 0.4% |
4 Bed | $339,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Ridge, TN
As of July '25, Rentcast reports the average rent in East Ridge, TN is $1,330, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in East Ridge, TN is studios: $894, 1-bedrooms: $874, 2-bedrooms: $1,140, 3-bedrooms: $1,770, 4-bedrooms: $1,930. The most common rental property sizes in East Ridge, TN are 2-bedroom and 3-bedroom, accounting for 46.4% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,330 |
| Studio Rent | $800 | $894 |
| 1 Bed Rent | $875 | $874 |
| 2 Bed Rent | $1,100 | $1,140 |
| 3 Bed Rent | $1,700 | $1,770 |
| 4 Bed Rent | $1,950 | $1,930 |
% of Rental Stock
Property Listings — East Ridge, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in East Ridge, TN is 58. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 0.0% |
Listing Count | 115 | 18.0% |
| Listings as % of Homes | 0.7% | 18.0% |
Days on Market | 58 | 33.0% |
Demographics — East Ridge, TN
As of the latest ACS Survey released in 2023, East Ridge, TN has a population of 21,800, which has increased by 3.4% over the past 5 years. East Ridge, TN is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | 3.4% |
% Under 18 | 20.3% | -5.1% |
% Seniors | 17.3% | 4.8% |
% WFH | 12.2% | 269.7% |
% w/ College Degree | 23.2% | 7.9% |
As of the latest ACS Survey released in 2023, East Ridge, TN is a predominantly white area, with 68.9% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in East Ridge, TN is hispanic, making up 15.4% of the population. Foreign-born residents account for 9.4% of the population in East Ridge, TN, and this percentage has increased by 32.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.9% | -2.8% |
% Black | 11.5% | -20.1% |
% Hispanic | 15.4% | 24.2% |
% Asian | 1.1% | -8.3% |
% Foreign Born | 9.4% | 32.4% |
Mortgage and Risk — East Ridge, TN
According to HUD data as of 2023, there were 386 mortgage originations in East Ridge, TN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in East Ridge, TN. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 386 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — East Ridge, TN
As of 2024, the percent of homes in East Ridge, TN under the Section 8 program is 5.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in East Ridge, TN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 222 |
Total Units Section 8 | 194 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $415 | $875 | $1,290 |
| 2 Bedroom | $330 | $1,100 | $1,430 |
| 3 Bedroom | $100 | $1,700 | $1,800 |
| 4 Bedroom | $0 | $1,950 | $1,950 |
Affordability — East Ridge, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $256,000 |
| Median Household Income | $56,600 |