Johnston, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Johnston Neighborhoods Since 2000




Johnston, RI 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

Johnston Housing Market Information

With 29,247 people, 11,757 houses or apartments, and a median cost of homes of $223,283, Johnston real estate values are some of the lowest in Rhode Island, although compared to real estate around the nation, Johnston homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Johnston, accounting for 64.78% of the town's housing units. Other types of housing that are prevalent in Johnston include large apartment complexes or high rise apartments ( 17.51%), duplexes, homes converted to apartments or other small apartment buildings ( 15.12%), and a few row houses and other attached homes ( 2.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Johnston. Owner-occupied housing accounts for 67.60% of Johnston's homes, and 51.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Johnston built from 1970 to 1999 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 Johnston built between 1940-1969 ( 31.20%). A lesser amount of the housing stock also hails from before 1939 ( 13.71%). There's also some housing in Johnston built between 2000 and later ( 10.88%).

Johnston Home Appreciation Rates

Homes have actually lost value in Johnston over the last then years, as home values have seen a decline of 22.32% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Johnston home appreciation rates at 0.64%, which equates to an annual appreciation rate of 2.59%.

Appreciation rates are so strong in Johnston that despite a nationwide downturn in the housing market, Johnston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Johnston appreciation rates continue to be some of the highest in America, at 7.29%, which is higher than appreciation rates in 82.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Johnston. Johnston appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.59%.

Relative to Rhode Island, our data show that Johnston's latest annual appreciation rate is higher than 80% of the other cities and towns in Rhode Island.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Johnston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Johnston - 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 Johnston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$223,283

Johnston, RI HOME PRICES

Value Range
> $1,154,000 0.4
$865,001 - $1,154,000 0.2
$577,001 - $865,000 1.1
$461,001 - $577,000 3.5
$346,001 - $461,000 11.2
$231,001 - $346,000 38.0
$115,001 - $231,000 40.8
$58,001 - $115,000 3.0
$0 - $58,000 1.8

Low for RI
High for Nation

Value Relative to Nation Value Relative to State
27.1065275987343 82.051282051282

Number Of Homes And Apartments:
11,757

Johnston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate 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
44.53% 2.16% 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,232 / per month

Homeownership Rate

Homeownership
Owners 67.60
Renters 32.40
Vacant 9.06

Housing Market Details

 

Age of Homes

AGE OF Johnston HOMES
2000 or Newer 10.9
1970 - 1999 44.2
1940 - 1969 31.2
1939 or Older 13.7

Types of Homes

TYPE OF Johnston HOMES
Single-Family 64.8
Townhomes 2.6
Small Apt. Buildings 15.1
Apt. Complexes 17.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Johnston HOMES
No Bedroom 2.11
1 Bedroom 13.28
2 Bedrooms 29.25
3 Bedrooms 42.41
4 Bedrooms 9.44
5 or more bedrooms 3.50