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Fairmount, TN Profile: Facts & Data

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Fairmount, Tennessee - Basic Facts

The Fairmount CDP(1) had a population of 2,048 as of July 1, 2024.

The primary coordinate point for Fairmount is located at latitude 35.1815 and longitude -85.3236 in Hamilton County. The formal boundaries for the Fairmount Census Designated Place encompass a land area of 4.47 sq. miles and a water area of 0 sq. miles. Hamilton County is in the Eastern time zone (GMT -5).

The Fairmount Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Fairmount Census Designated Place is located within Commissioner District 2, a minor civil division (MCD) of Hamilton County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Fairmount 2024 Demographic Data
  2. Growth Rates for Fairmount (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Tennessee Research Tools (Easy Tools & Current Data)
  3. Tennessee Data Comparison Tool - 2024 Demographics
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Fairmount, TN Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 2,048 (100%)
Population in Households 2,048 (100.0%)
Population in Families 1,900 (92.8%)
Population in Group Quarters1 0
Population Density 489
Diversity Index2 23
 
 

INCOME

Median Household Income $145,688
Average Household Income $185,798
% of Income for Mortgage4 23%
Per Capita Income $65,501
Wealth Index5 192
Socioeconomic Status Index6 Moderate (63.8)
 

HOUSING

Total HU (Housing Units) 758 (100%)
Owner Occupied HU 651 (85.9%)
Renter Occupied HU 71 ( 9.4%)
Vacant Housing Units 36 ( 4.7%)
Median Home Value $531,710
Average Home Value $572,427
Housing Affordability Index3 110
 

HOUSEHOLDS

Total Households 722
Average Household Size 2.84
Family Households 587
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 0.45% 0.04%
Households 0.43% 0.30%
Families   0.71%
Median Household Income   2.70%
Per Capita Income   3.09%
Owner Occupied HU   0.06%

Fairmount, TN - Peer Comparisons by Rank and Percentile

The table below compares Fairmount to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 206 59th
Population Density # 238 53rd
Median Household Income # 7 99th
Housing Affordability Index # 275 55th
Per Capita Income # 13 98th
Diversity Index # 284 44th

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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