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Fountain City East, Knoxville, TN—37918

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$328,000
0.3% YoY Growth
Household Income
$69,300
31.1% YoY Growth
Days on Market
56
3.0% Shorter YoY
Home Price Forecast
4.5%
Median Rent
$1,900
2.6% YoY Growth
1-Bed Rent
$1,100
2.6% YoY Growth
2-Bed Rent
$1,500
5.2% YoY Growth
3-Bed Rent
$2,120
0.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fountain City East, Knoxville, TN

As of Dec '25, the median home price in Fountain City East, Knoxville, TN is $328,000, with a year-over-year change of 0.3%. This indicates that home prices in Fountain City East, Knoxville, TN are flat. According to Zillow, the 1-year price projection is 4.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$328,0000.3%
Single Family $329,0000.3%
Condos $309,0002.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $173,000
    -0.6%
    2 Bed
    		$250,0001.2%
    3 Bed
    		$329,0000.3%
    4 Bed
    		$433,0000.7%
    5 Bed $526,3641.0%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    9.7%
    2 Bedrooms
    27.6%
    3 Bedrooms
    46.1%
    4 Bedrooms
    11.8%
    5+ Bedrooms
    3.3%

    Rental Trends — Fountain City East, Knoxville, TN

    As of July '25, Rentcast reports the average rent in Fountain City East, Knoxville, TN is $1,880, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Fountain City East, Knoxville, TN is 1-bedrooms: $1,170, 2-bedrooms: $1,610, 3-bedrooms: $2,200, 4-bedrooms: $2,510. The most common rental property sizes in Fountain City East, Knoxville, TN are 2-bedroom and 1-bedroom, accounting for 51.5% and 25.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,900$1,880
    Studio Rent N/AN/A
    1 Bed Rent $1,100$1,170
    2 Bed Rent $1,500$1,610
    3 Bed Rent $2,120$2,200
    4 Bed Rent $2,400$2,510
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    % of Rental Stock

    Studio
    2.8%
    1 Bedroom
    25.3%
    2 Bedrooms
    51.5%
    3 Bedrooms
    17.5%
    4 Bedrooms
    2.8%

    Property Listings — Fountain City East, Knoxville, TN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Fountain City East, Knoxville, TN is 47. This is a decrease of -4.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$367,000-1.0%
    Listing Count
    		22417.0%
    Listings as % of Homes0.7%17.0%
    Days on Market
    		56-3.0%
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    Demographics — Fountain City East, Knoxville, TN

    As of the latest ACS Survey released in 2023, Fountain City East, Knoxville, TN has a population of 46,000, which has increased by 2.7% over the past 5 years. Fountain City East, Knoxville, TN is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		46,0002.7%
    % Under 18
    		20.1%-9.9%
    % Seniors
    		17.3%6.1%
    % WFH
    		10.7%189.2%
    % w/ College Degree
    		30.8%24.7%
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    As of the latest ACS Survey released in 2023, Fountain City East, Knoxville, TN is a predominantly white area, with 81.9% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Fountain City East, Knoxville, TN is hispanic, making up 6.8% of the population. Foreign-born residents account for 5.0% of the population in Fountain City East, Knoxville, TN, and this percentage has increased by 85.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		81.9%-6.6%
    % Black
    		6.1%1.7%
    % Hispanic
    		6.8%94.3%
    % Asian
    		1.3%85.7%
    % Foreign Born
    		5.0%85.2%
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    Mortgage and Risk — Fountain City East, Knoxville, TN

    According to HUD data as of 2023, there were 1120 mortgage originations in Fountain City East, Knoxville, TN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Fountain City East, Knoxville, TN. Investor activity is low, as 3.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,120
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		22.0%
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    Rentals and Section 8 — Fountain City East, Knoxville, TN

    As of 2024, the percent of homes in Fountain City East, Knoxville, TN under the Section 8 program is 15.0%. 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 East, 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
    		843
    Total Units Section 8
    		842
    % Rentals under Section 8
    		15.0%
    % Occupied Section 8
    		81.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$120$1,100$1,220
    2 Bedroom-$10$1,500$1,490
    3 Bedroom-$210$2,120$1,910
    4 Bedroom-$150$2,400$2,250

    Affordability — Fountain City East, Knoxville, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$328,000
    Median Household Income$69,300

    Fountain City East, Knoxville, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    West Knoxville, Knoxville, TN

    37917

    Turkey Creek Area, Knoxville, TN

    37938

    Northshore, Knoxville, TN

    37912

    North Knoxville, Knoxville, TN

    37915

    Fort Sanders, Knoxville, TN

    37902

    Frequently Asked Questions