Fairmount CDP Tennessee Area Home Supply Charts

This page looks at a variety of Fairmount CDP Tennessee housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Fairmount CDP depicts it has a Housing Units of 927 which is in the mid range of other places in the metro area.

Figure 2 illustrates the housing density in the Fairmount CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Fairmount CDP shows it has a Housing Density of 206.8 which is less than most other places in the surrounding region. The place with the highest housing density in the area is Red Bank which shows a density of 972.2 (approximately 4.7 times bigger). Comparing housing density to the United States average of 38.9, Fairmount CDP is substantially bigger. Also, measured against the state of Tennessee, housing density of 71.7, Fairmount CDP is approximately 2.9 times bigger.

In Figure 4, Fairmount CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Fairmount CDP depicts it has a Housing Unit Change of -11.5% which is the second smallest as measured by change in the housing units of all the other places in the metro area. The place with the highest change in the housing units in the area is Signal Mountain which depicts a housing units of 4.0% ( about the same size). Comparing change in the housing units to the United States average of 5.7%, Fairmount CDP is about twice as large. Also, compared to the state of Tennessee, change in the housing units of 5.4%, Fairmount CDP is about twice as large.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Fairmount CDP depicts it has a Renter Percent of 15.8% which is the second smallest in order of renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 84.2% which is the second most owner percent of all the places in the greater Fairmount CDP region.

Fairmount CDP Tennessee Home Cost Charts

Looking at the housing data provided in Figure 7, the average Fairmount CDP home price is illustrated for this community and a useful analysis of affordable housing. Fairmount CDP shows it has a Median Home Value of $380,200 which is the second most median home prices of all the places in the greater Fairmount CDP region. The place with the highest median home price in the area is Walden which shows a home price of $412,900 (8.6% larger). Figure 8 provides aggregate comparative data for the Fairmount CDP Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Fairmount CDP shows it has a Median Gross Rent of $1,063 which is the third most rental rates of all other places in the greater Fairmount CDP region. The place with the highest rental rates in the area is Signal Mountain which indicates a rental rates of $1,938 (about twice as large). Comparing rental rates to the United States average of $1,062, Fairmount CDP is about the same size. Also, compared to the state of Tennessee, rental rates of $869, Fairmount CDP is 22.3% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Fairmount CDP has the percentage of home price worth less than $50,000 the second smallest in order of home price worth less than $50,000 of all the other places in the metropolitan area at 2% of the total. Second, it has less than most other places in the local area as measured by home price worth between $50,000 to $100,000 at 16% of the total. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 22% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Fairmount CDP depicts it has a Median Owner Cost of $1,185 which is the second most of all the places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Fairmount CDP metro area. it has a Owner Cost as % of HH Income of 14% which is the smallest in terms of cost as a percent of household income of all the other places in the greater region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Fairmount CDP depicts it has a Median Home Value as Percent of Median Earnings of 482% which is the second most median home value as a percent of median worker earnings of all the places in the greater Fairmount CDP region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Fairmount CDP depicts it has a Median Owner Costs-With Mortgage of $1,942 which is the second most median housing cost of all the places in the greater Fairmount CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $479 which is the third most median housing cost of all other places in the greater Fairmount CDP region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Fairmount CDP has the percentage of owner cost less than $300 the second smallest in order of owner cost less than $300 of all the other places in the local area at 8% of the total. Second, it has the largest proportion of owner cost between $2,000 and $2,500 at 12% of the total and is ranked #1. Third, it has the largest proportion of owner cost between $2,500 and $3,000 at 9% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Fairmount CDP shows it has a % of Income Owner Costs-With Mortgage of 15% which is the smallest when ranked by cost as a percent of household income of all the other places in the surrounding region. The place with the highest cost as a percent of household income in the area is Red Bank which shows a cost as a percent of household income of 23% (56.4% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Fairmount CDP depicts it has a % of Income Owner Costs-No Mortgage of 11% which is in the middle range of other places in the metro area. The place with the highest cost as a percent of household income in the area is Falling Water CDP which shows a cost as a percent of household income of 15% (42.6% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Fairmount CDP has the percentage of rent as a percent of income is less than 10 pct less than most other places in the local area at 33% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 22% of the total and is ranked #2. The only larger place being Middle Valley CDP with 28%. Third, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 14% of the total and is ranked #3. Only #2 Signal Mountain (18%), and #1 Red Bank (22%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Fairmount CDP has the largest proportion of housing cost between $2,000 and $2,500 at 10% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,589 which is the third most of all other places in the local area. The place with the highest median real estate taxes paid in the area is Walden which depicts a taxes paid of $3,140 (21.3% larger). Comparing median real estate taxes paid to the United States average of $2,471, Fairmount CDP is only about 4.8% larger. Also, measured against the state of Tennessee, median real estate taxes paid of $1,190, Fairmount CDP is about twice as large.

Figure 23 shows the rental rate distribution for this area. Fairmount CDP Tennessee has one of the largest proportions of rent between 750 and 1000 dollars at 33% of the total and is ranked #2. The only larger place being Walden with 46%.

Fairmount CDP Tennessee Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Fairmount CDP has the largest proportion of with mortgage at 22% of the total and is ranked #1. Second, it has the largest proportion of 2nd mortgage or heloc-not both at 5% of the total and is ranked #1. Third, it has the largest proportion of 2nd mortgage at 17% of the total and is ranked #1. Also, it has the second smallest as measured by with mortgage of all the other places in the metro area in order of both 2nd mortgage and heloc at 45% of the total. In addition, it has the second smallest when ranked by with mortgage of all the other places in the area when ranked by no 2nd mortgage and no heloc at 33% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Fairmount CDP has the percentage of houses with mortgages the second smallest in terms of houses with a mortgage of all the other places in the metropolitan area at 33% of the total.

Fairmount CDP Tennessee Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the third most family members per housing unit of all other places in the greater Fairmount CDP region. The place with the highest family members per housing unit in the area is Falling Water CDP which shows a family members per housing unit of 3.6 (12.8% larger). Comparing family members per housing unit to the United States average of 3.3, Fairmount CDP is only about 4.1% smaller. Also, compared with the state of Tennessee, family members per housing unit of 3.2, Fairmount CDP is about the same size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 7.8 which is the second most average number of rooms in a house of all the places in the greater Fairmount CDP region. The place with the highest average number of rooms in a house in the area is Walden which depicts an average number of rooms in a house of 7.9 ( only slightly larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1992 which is the highest of all places in the greater Fairmount CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 14% of the total and is ranked #1. Second, it has in the center range of other places in the local area as measured by homes built between 2010 to 2013 at 12% of the total. Third, it has the largest proportion of homes built between 2000 to 2009 at 27% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1990 to 1999 at 33% of the total and is ranked #1. In addition, it has the smallest proportion of homes built between 1980 to 1989 at 6% of the total. Furthermore, it has the smallest proportion of homes built between 1970 to 1979 at 2% of the total. Next it has the second smallest when ranked by homes built in 2014 or later of all the other places in the surrounding region when ranked by homes built between 1960 to 1969 at 2% of the total. Additionally, it has the second smallest when sorted by homes built in 2014 or later of all the other places in the local area as measured by homes built between 1940 to 1949 at 2% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the area at 129 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 8% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2014 or later at $528,700 of the total and is ranked #1. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $379,200 of the total and is ranked #3. Only #2 Signal Mountain ($385,800), and #1 Walden ($546,100) are larger. Third, it has one of the largest proportions of value of homes built 1990 to 1999 at $241,700 of the total and is ranked #3. Only #2 Signal Mountain ($350,000), and #1 Walden ($411,500) are larger. Also, it has the largest proportion of value of homes built 1980 to 1989 at $434,600 of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Fairmount CDP residents. it has a Owner-Household Size of 2.8 which is at the top of all other places in the greater Fairmount CDP region.

Figure 37 shows the household size for renters. Fairmount CDP depicts it has a Renter-Household Size of 2.4 which is the second smallest when ranked by renter household size of all the other places in the greater region. The place with the highest renter household size in the area is Lone Oak CDP which shows a renter household sizes of 3.1 (33.1% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2017 or later at 7% of the total. Second, it has the largest proportion of owners moved in 2015 to 2016 at 55% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 13% of the total. Also, it has the smallest proportion of owners moved in 1990 to 1999 at 5% of the total. Figure 39 shows the year that people who rent moved into the area. Fairmount CDP has the largest proportion of renters moved in 2010 to 2014 at 43% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2007 which is the second most median year that a home owner moved in of all the places in the greater Fairmount CDP region. Figure 41 compares the median year that renters moved into their home. Fairmount CDP depicts it has a Renter Median Year Moved In of 2018 which is the highest of all places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas in the center range of other places in the local area at 64% of the total.