Fountain City, Knoxville, TN—37916
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fountain City, Knoxville, TN
As of Oct '25, the median home price in Fountain City, Knoxville, TN is $470,000, with a year-over-year change of 11.3%. This indicates that home prices in Fountain City, Knoxville, TN are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $470,000 | 11.3% |
| Single Family | $631,000 | 14.7% |
| Condos | $378,000 | 11.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $225,000 | 8.7% |
2 Bed | $340,000 | 14.9% |
3 Bed | $475,000 | 12.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fountain City, Knoxville, TN
As of July '25, Rentcast reports the average rent in Fountain City, Knoxville, TN is $2,310, with a year-over-year rent change of 30.5%. Per bedroom, the median rent as of July '25 in Fountain City, Knoxville, TN is 1-bedrooms: $1,250, 2-bedrooms: $2,070, 3-bedrooms: $2,870, 4-bedrooms: $3,740. The most common rental property sizes in Fountain City, Knoxville, TN are 3-bedroom and 2-bedroom, accounting for 28.9% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $2,380 | $2,070 |
| 3 Bed Rent | $2,850 | $2,870 |
| 4 Bed Rent | $4,760 | $3,740 |
% of Rental Stock
Property Listings — Fountain City, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fountain City, Knoxville, TN is 54. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | 2.0% |
Listing Count | 13 | 220.0% |
| Listings as % of Homes | 0.0% | 220.0% |
Days on Market | 54 | -10.0% |
Demographics — Fountain City, Knoxville, TN
As of the latest ACS Survey released in 2023, Fountain City, Knoxville, TN has a population of 14,800, which has increased by 15.8% over the past 5 years. Fountain City, Knoxville, TN is a less popular place for families, as children make up 1.7% of the population. The area has a moderately educated workforce, with 44.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,800 | 15.8% |
% Under 18 | 1.7% | 466.7% |
% Seniors | 1.3% | 333.3% |
% WFH | 20.8% | 131.1% |
% w/ College Degree | 44.0% | 2.1% |
As of the latest ACS Survey released in 2023, Fountain City, Knoxville, TN is a predominantly white area, with 80.5% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Fountain City, Knoxville, TN is black, making up 7.6% of the population. Foreign-born residents account for 2.4% of the population in Fountain City, Knoxville, TN, and this percentage has decreased by 62.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.5% | 1.5% |
% Black | 7.6% | -12.6% |
% Hispanic | 3.9% | -9.3% |
% Asian | 2.5% | -50.0% |
% Foreign Born | 2.4% | -62.5% |
Mortgage and Risk — Fountain City, Knoxville, TN
According to HUD data as of 2023, there were 14 mortgage originations in Fountain City, Knoxville, TN, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Fountain City, Knoxville, TN. Investor activity is high, as 57.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 14 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 57.0% |
% Second Loans | 21.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Fountain City, Knoxville, TN
As of 2024, the percent of homes in Fountain City, Knoxville, TN under the Section 8 program is 0.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Fountain City, Knoxville, TN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,250 | $1,280 |
| 2 Bedroom | -$810 | $2,380 | $1,570 |
| 3 Bedroom | -$830 | $2,850 | $2,020 |
| 4 Bedroom | -$2,390 | $4,760 | $2,370 |
Affordability — Fountain City, Knoxville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 18.7 |
| Median Home Price | $470,000 |
| Median Household Income | $18,000 |