Johnson City, TN—37601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Johnson City, TN
As of Oct '25, the median home price in Johnson City, TN is $259,000, with a year-over-year change of 0.7%. This indicates that home prices in Johnson City, TN are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 0.7% |
| Single Family | $263,000 | 0.4% |
| Condos | $236,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 3.0% |
3 Bed | $283,000 | 0.4% |
4 Bed | $396,000 | 0.3% |
| 5 Bed | $586,000 | 2.3% |
% of Housing Stock
Rental Trends — Johnson City, TN
As of July '25, Rentcast reports the average rent in Johnson City, TN is $1,540, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Johnson City, TN is 1-bedrooms: $981, 2-bedrooms: $1,510, 3-bedrooms: $1,750, 4-bedrooms: $2,520. The most common rental property sizes in Johnson City, TN are 2-bedroom and 3-bedroom, accounting for 46.9% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $981 |
| 2 Bed Rent | $1,380 | $1,510 |
| 3 Bed Rent | $1,650 | $1,750 |
| 4 Bed Rent | $2,300 | $2,520 |
% of Rental Stock
Property Listings — Johnson City, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Johnson City, TN is 61. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | 15.0% |
Listing Count | 154 | 18.0% |
| Listings as % of Homes | 0.3% | 18.0% |
Days on Market | 61 | 23.0% |
Demographics — Johnson City, TN
As of the latest ACS Survey released in 2023, Johnson City, TN has a population of 38,600, which has increased by 7.5% over the past 5 years. Johnson City, TN is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 32.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,600 | 7.5% |
% Under 18 | 20.1% | -5.2% |
% Seniors | 16.8% | -2.9% |
% WFH | 11.3% | 352.0% |
% w/ College Degree | 32.5% | 6.2% |
As of the latest ACS Survey released in 2023, Johnson City, TN is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Johnson City, TN is black, making up 6.2% of the population. Foreign-born residents account for 5.1% of the population in Johnson City, TN, and this percentage has increased by 27.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.3% | -3.7% |
% Black | 6.2% | 19.2% |
% Hispanic | 4.9% | 0.0% |
% Asian | 1.7% | 41.7% |
% Foreign Born | 5.1% | 27.5% |
Mortgage and Risk — Johnson City, TN
According to HUD data as of 2023, there were 662 mortgage originations in Johnson City, TN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Johnson City, TN. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 662 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Johnson City, TN
As of 2024, the percent of homes in Johnson City, TN under the Section 8 program is 13.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Johnson City, TN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,454 |
Total Units Section 8 | 1,014 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $900 | $920 |
| 2 Bedroom | -$230 | $1,380 | $1,150 |
| 3 Bedroom | -$220 | $1,650 | $1,430 |
| 4 Bedroom | -$690 | $2,300 | $1,610 |
Affordability — Johnson City, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $259,000 |
| Median Household Income | $49,700 |