Johnson City, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Johnson City Neighborhoods Since 2000




Johnson City, TN 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 66,027 people, 27,714 houses or apartments, and a median cost of homes of $146,416, Johnson City real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Johnson City, accounting for 55.66% of the city's housing units. Other types of housing that are prevalent in Johnson City include large apartment complexes or high rise apartments ( 26.04%), duplexes, homes converted to apartments or other small apartment buildings ( 11.92%), and a few row houses and other attached homes ( 3.51%).

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 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 Johnson City built between 1940-1969 ( 27.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.17%). There's also some housing in Johnson City built before 1939 ( 9.78%).

Vacant housing appears to be an issue in Johnson City. Fully 10.80% 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

Appreciation rates for homes in Johnson City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.56%, which ranks in the top 50% nationwide. This equates to an annual average Johnson City house appreciation rate of 0.25%.

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 2.25%, 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 -0.94%, which equates to an annual appreciation rate of -3.69%.

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

Relative to Tennessee, our data show that Johnson City's latest annual appreciation rate is lower than 70% 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 2000, to assist you in making the best Johnson City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$146,416

Johnson City, TN HOME PRICES

Value Range
> $1,043,000 0.4
$782,001 - $1,043,000 0.7
$521,001 - $782,000 1.8
$417,001 - $521,000 3.1
$313,001 - $417,000 5.8
$209,001 - $313,000 15.4
$104,001 - $209,000 43.7
$52,001 - $104,000 21.4
$0 - $52,000 7.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
51.5645142388375 31.6326530612245

Number Of Homes And Apartments:
27,714

Johnson City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
35.10% 1.76% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$775 / per month

Homeownership Rate

Homeownership
Owners 50.62
Renters 49.38
Vacant 10.80

Housing Market Details

 

Age of Homes

AGE OF Johnson City HOMES
2000 or Newer 20.2
1970 - 1999 42.4
1940 - 1969 27.6
1939 or Older 9.8

Types of Homes

TYPE OF Johnson City HOMES
Single-Family 55.7
Townhomes 3.5
Small Apt. Buildings 11.9
Apt. Complexes 26.0
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Johnson City HOMES
No Bedroom 1.52
1 Bedroom 13.18
2 Bedrooms 33.86
3 Bedrooms 33.44
4 Bedrooms 13.57
5 or more bedrooms 4.43