Fountain City East, Knoxville, TN—37918
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fountain City East, Knoxville, TN
As of Oct '25, the median home price in Fountain City East, Knoxville, TN is $327,000, with a year-over-year change of 0.2%. This indicates that home prices in Fountain City East, Knoxville, TN are flat. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 0.2% |
| Single Family | $329,000 | 0.3% |
| Condos | $310,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $173,000 | 0.0% |
2 Bed | $250,000 | 1.2% |
3 Bed | $329,000 | 0.3% |
4 Bed | $434,000 | 0.7% |
| 5 Bed | $529,000 | 1.1% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,880 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Fountain City East, Knoxville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fountain City East, Knoxville, TN is 52. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | -2.0% |
Listing Count | 222 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 52 | -1.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,000 | 2.7% |
% Under 18 | 20.1% | -9.9% |
% Seniors | 17.3% | 6.1% |
% WFH | 10.7% | 189.2% |
% w/ College Degree | 30.8% | 24.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $327,000 |
| Median Household Income | $69,300 |