Johnson City appreciation rates and housing market information

Johnson City housing market information

With a population of 55,323, 25,599 total housing units (homes and apartments), and a median house value of $169,074, Johnson City real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Johnson City, accounting for 58.21% of the city's housing units. Other types of housing that are prevalent in Johnson City include large apartment complexes or high rise apartments (22.83%), duplexes, homes converted to apartments, or other small apartment buildings (11.54%), mobile homes or trailers (4.66%), and a few row houses and other attached homes (2.71%).

People in Johnson City primarily live in small (one, two, or no bedroom) single-family detached homes. Johnson City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Johnson City built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Johnson City built from 1940-1969 (36.31%). A lesser amount of the housing stock also hails from 1939 and earlier (11.33%), and some were built from 1995 and later (11.33%).

Johnson City home appreciation rates

Real estate appreciation rates in Johnson City have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.87% during the period.

NeighborhoodScout's data show that during the latest twelve months, Johnson City home appreciation rates, at 1.63%, have been at or slightly above the national average. In the latest quarter, Johnson City's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Johnson City's latest annual appreciation rate is higher than 20% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Johnson City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Johnson City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Johnson City real estate investment or home purchase decisions.