Johnson City, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Johnson City Neighborhoods Since 2000




Johnson City, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Johnson City Housing Market Information

With 14,773 people, 6,525 houses or apartments, and a median cost of homes of $69,771, house prices in Johnson City are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Johnson City, accounting for 53.41% of the village's housing units. Other types of housing that are prevalent in Johnson City include duplexes, homes converted to apartments or other small apartment buildings ( 26.59%), large apartment complexes or high rise apartments ( 17.61%), and a few row houses and other attached homes ( 2.12%).

The most prevalent building size and type in Johnson City are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 51.42% owning and 48.58% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Johnson City's housing was primarily built during this period, from the '40s through the '60s. A full 43.19% of the village's housing hails from this era. Other housing ages represented in Johnson City include homes built before 1939 ( 36.87%) and housing constructed between 1970-1999 ( 17.35%). There's also some housing in Johnson City built between 2000 and later ( 2.59%).

Vacant housing appears to be an issue in Johnson City. Fully 10.16% of the housing stock is classified as vacant. Left unchecked, vacant Johnson City homes and apartments can be a drag on the real estate market, holding Johnson City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Johnson City Home Appreciation Rates

Johnson City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Johnson City during the period has been just -1.24%, which is lower than 70% of US communities.

Over the last year, Johnson City appreciation rates have trailed the rest of the nation. In the last twelve months, Johnson City's appreciation rate has been -10.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Johnson City were at -2.87%, which equates to an annual appreciation rate of -11.00%.

Notably, Johnson City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Johnson City's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the village. 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 2000, to assist you in making the best Johnson City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$69,771

Johnson City, NY HOME PRICES

Value Range
> $869,000 0.5
$652,001 - $869,000 0.3
$434,001 - $652,000 0.6
$347,001 - $434,000 0.5
$261,001 - $347,000 1.7
$174,001 - $261,000 2.9
$87,001 - $174,000 19.1
$44,001 - $87,000 64.8
$0 - $44,000 9.6

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
95.3474745107231 98.989898989899

Number Of Homes And Apartments:
6,525

Johnson City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.23% 1.12% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$829 / per month

Homeownership Rate

Homeownership
Owners 51.42
Renters 48.58
Vacant 10.16

Housing Market Details

 

Age of Homes

AGE OF Johnson City HOMES
2000 or Newer 2.6
1970 - 1999 17.3
1940 - 1969 43.2
1939 or Older 36.9

Types of Homes

TYPE OF Johnson City HOMES
Single-Family 53.4
Townhomes 2.1
Small Apt. Buildings 26.6
Apt. Complexes 17.6
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Johnson City HOMES
No Bedroom 2.52
1 Bedroom 13.08
2 Bedrooms 30.92
3 Bedrooms 39.67
4 Bedrooms 11.00
5 or more bedrooms 2.81