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Johnson City, TN Real Estate Market

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 Q4 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Johnson City, TN Housing Market Trends

With a population of 71,278, 29,425 total housing units (homes and apartments), and a median house value of $242,129, 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 54.09% of the city's housing units. Other types of housing that are prevalent in Johnson City include large apartment complexes or high rise apartments ( 27.12%), duplexes, homes converted to apartments or other small apartment buildings ( 11.61%), and a few row houses and other attached homes ( 3.74%).

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 ( 25.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.60%). There's also some housing in Johnson City built before 1939 ( 8.29%).

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 80.92%, which ranks in the top 40% nationwide. This equates to an annual average Johnson City house appreciation rate of 6.11%.

Appreciation rates are so strong in Johnson City that despite a nationwide downturn in the housing market, Johnson City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Johnson City appreciation rates continue to be some of the highest in America, at 21.67%, which is higher than appreciation rates in 99.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Johnson City. Johnson City appreciation rates in the latest quarter were at 4.34%, which equates to an annual appreciation rate of 18.54%.

Importantly, NeighborhoodScout’s exclusive research found that Johnson City's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Tennessee, our data show that Johnson City's latest annual appreciation rate is higher than 90% 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:
$242,129

Johnson City, TN HOME PRICES

> $1,565,000
$1,173,001 - $1,565,000
$783,001 - $1,173,000
$626,001 - $783,000
$470,001 - $626,000
$313,001 - $470,000
$157,001 - $313,000
$78,001 - $157,000
$0 - $78,000
0.2%
0.2%
0.8%
0.8%
3.6%
3.6%
3.1%
3.1%
8.4%
8.4%
21.2%
21.2%
44.0%
44.0%
13.7%
13.7%
5.0%
5.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for TN

Value Relative To Nation

Number Of Homes And Apartments:
29,425

Johnson City Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared To
TN
Compared To
America
Latest Quarter:
2022 Q3 - 2022 Q4
Last 12 Months:
2021 Q4 - 2022 Q4
Last 2 Years:
2020 Q4 - 2022 Q4
Last 5 Years:
2017 Q4 - 2022 Q4
Last 10 Years:
2012 Q4 - 2022 Q4
Since 2000:
2000 Q1 - 2022 Q4
143.08% 3.94%
4
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,493 / per month

Homeownership Rate

Owners
Renters
Vacant
47.2%
47.2%
52.8%
52.8%
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.6%
24.6%
41.7%
41.7%
25.5%
25.5%
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.1%
54.1%
3.7%
3.7%
11.6%
11.6%
27.1%
27.1%
3.4%
3.4%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.2%
3.2%
12.4%
12.4%
33.7%
33.7%
33.6%
33.6%
13.2%
13.2%
3.9%
3.9%
0.0% 100.0%
% OF HOMES