Jonesborough, TN—37659
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jonesborough, TN
As of Oct '25, the median home price in Jonesborough, TN is $324,000, with a year-over-year change of 0.5%. This indicates that home prices in Jonesborough, 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 | $324,000 | 0.5% |
| Single Family | $325,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 1.3% |
3 Bed | $349,000 | 0.9% |
4 Bed | $434,000 | 1.4% |
| 5 Bed | $699,000 | 3.6% |
% of Housing Stock
Rental Trends — Jonesborough, TN
As of July '25, Rentcast reports the average rent in Jonesborough, TN is $1,920, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Jonesborough, TN is studios: $1,900, 1-bedrooms: $1,300, 2-bedrooms: $1,700, 3-bedrooms: $2,150, 4-bedrooms: $2,200. The most common rental property sizes in Jonesborough, TN are 2-bedroom and 3-bedroom, accounting for 41.2% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,920 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $1,450 | $1,300 |
| 2 Bed Rent | $1,600 | $1,700 |
| 3 Bed Rent | $2,000 | $2,150 |
| 4 Bed Rent | $1,950 | $2,200 |
% of Rental Stock
Property Listings — Jonesborough, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Jonesborough, TN is 65. This is a increase of 31.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $481,000 | 9.0% |
Listing Count | 191 | 26.0% |
| Listings as % of Homes | 0.7% | 26.0% |
Days on Market | 65 | 31.0% |
Demographics — Jonesborough, TN
As of the latest ACS Survey released in 2023, Jonesborough, TN has a population of 29,200, which has increased by 4.9% over the past 5 years. Jonesborough, TN is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,200 | 4.9% |
% Under 18 | 20.6% | 3.5% |
% Seniors | 21.8% | 11.2% |
% WFH | 10.4% | 82.5% |
% w/ College Degree | 28.7% | 4.0% |
As of the latest ACS Survey released in 2023, Jonesborough, TN is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Jonesborough, TN is hispanic, making up 3.4% of the population. Foreign-born residents account for 2.6% of the population in Jonesborough, TN, and this percentage has increased by 30.0% 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 | 90.9% | -5.3% |
% Black | 1.2% | -20.0% |
% Hispanic | 3.4% | 240.0% |
% Asian | 1.6% | 100.0% |
% Foreign Born | 2.6% | 30.0% |
Mortgage and Risk — Jonesborough, TN
According to HUD data as of 2023, there were 790 mortgage originations in Jonesborough, TN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Jonesborough, TN. Investor activity is low, as 1.0% 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 | 790 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Jonesborough, TN
As of 2024, the percent of homes in Jonesborough, TN under the Section 8 program is 3.4%. 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. In Jonesborough, TN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 130 |
Total Units Section 8 | 80 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$430 | $1,450 | $1,020 |
| 2 Bedroom | -$320 | $1,600 | $1,280 |
| 3 Bedroom | -$410 | $2,000 | $1,590 |
| 4 Bedroom | -$160 | $1,950 | $1,790 |
Affordability — Jonesborough, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $324,000 |
| Median Household Income | $69,800 |