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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 66,906, 28,888 total housing units (homes and apartments), and a median house value of $178,599, 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 51.90% of the city's housing units. Other types of housing that are prevalent in Johnson City include large apartment complexes or high rise apartments ( 28.37%), duplexes, homes converted to apartments or other small apartment buildings ( 12.76%), and a few row houses and other attached homes ( 3.82%).

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 ( 25.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.84%). There's also some housing in Johnson City built before 1939 ( 8.64%).

Vacant housing appears to be an issue in Johnson City. Fully 11.05% 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

Real estate appreciation rates in Johnson City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.21% during the period.

NeighborhoodScout's data show that during the latest twelve months, Johnson City's appreciation rate, at 8.75%, has been at or slightly above the national average. In the latest quarter, Johnson City's appreciation rate has been 3.27%, which annualizes to a rate of 13.74%.

Relative to Tennessee, our data show that Johnson City's latest annual appreciation rate is lower than 80% 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:
$178,599

Johnson City, TN HOME PRICES

> $1,228,000
0.4%
0.4%
$921,001 - $1,228,000
1.1%
1.1%
$615,001 - $921,000
3.1%
3.1%
$491,001 - $615,000
2.5%
2.5%
$369,001 - $491,000
5.9%
5.9%
$246,001 - $369,000
17.6%
17.6%
$123,001 - $246,000
44.2%
44.2%
$61,001 - $123,000
18.9%
18.9%
$0 - $61,000
6.3%
6.3%
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:
28,888

Johnson City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
75.02% 2.64%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,070 / per month

Homeownership Rate

Owners
47.2%
47.2%
Renters
52.8%
52.8%
Vacant
11.0%
11.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
23.8%
23.8%
1970 - 1999
41.9%
41.9%
1940 - 1969
25.6%
25.6%
1939 or Older
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.9%
51.9%
Townhomes
3.8%
3.8%
Small Apt. Buildings
12.8%
12.8%
Apt. Complexes
28.4%
28.4%
Mobile Homes
3.2%
3.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
14.0%
14.0%
2 Bedrooms
34.5%
34.5%
3 Bedrooms
31.1%
31.1%
4 Bedrooms
14.5%
14.5%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES