Johnson City, TN—37604
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 $274,000, with a year-over-year change of -1.1%. This indicates that home prices in Johnson City, TN are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | -1.1% |
| Single Family | $280,000 | -1.1% |
| Condos | $233,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | 0.0% |
3 Bed | $290,000 | -0.7% |
4 Bed | $423,000 | -0.5% |
| 5 Bed | $612,000 | 1.5% |
% of Housing Stock
Rental Trends — Johnson City, TN
As of July '25, Rentcast reports the average rent in Johnson City, TN is $1,550, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Johnson City, TN is studios: $500, 1-bedrooms: $953, 2-bedrooms: $1,480, 3-bedrooms: $1,900, 4-bedrooms: $2,760. The most common rental property sizes in Johnson City, TN are 2-bedroom and 1-bedroom, accounting for 41.2% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,550 |
| Studio Rent | $500 | $500 |
| 1 Bed Rent | $950 | $953 |
| 2 Bed Rent | $1,500 | $1,480 |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | $2,300 | $2,760 |
% 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 55. This is a increase of 39.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 16.0% |
Listing Count | 153 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 55 | 39.0% |
Demographics — Johnson City, TN
As of the latest ACS Survey released in 2023, Johnson City, TN has a population of 38,400, which has increased by 7.3% over the past 5 years. Johnson City, TN is a moderately popular place for families, as children make up 17.3% of the population. The area has a moderately educated workforce, with 39.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,400 | 7.3% |
% Under 18 | 17.3% | 6.8% |
% Seniors | 17.1% | 8.2% |
% WFH | 10.2% | 161.5% |
% w/ College Degree | 39.4% | -1.3% |
As of the latest ACS Survey released in 2023, Johnson City, TN is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Johnson City, TN is hispanic, making up 6.0% of the population. Foreign-born residents account for 4.3% of the population in Johnson City, TN, and this percentage has decreased by 34.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.9% | -0.1% |
% Black | 5.7% | -26.0% |
% Hispanic | 6.0% | 50.0% |
% Asian | 1.3% | -55.2% |
% Foreign Born | 4.3% | -34.8% |
Mortgage and Risk — Johnson City, TN
According to HUD data as of 2023, there were 544 mortgage originations in Johnson City, TN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Johnson City, TN. Investor activity is low, as 7.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 544 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
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 8.6%. 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 | 869 |
Total Units Section 8 | 786 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $950 | $960 |
| 2 Bedroom | -$300 | $1,500 | $1,200 |
| 3 Bedroom | -$410 | $1,900 | $1,490 |
| 4 Bedroom | -$630 | $2,300 | $1,670 |
Affordability — Johnson City, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $274,000 |
| Median Household Income | $49,400 |