Johnson City, Tennessee Housing Market Prices
Johnson City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 52% below the Tennessee median$123,287
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Median rent 14% below the Tennessee median$1,016
Housing Market Overview
| Metric | Johnson City | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,287 | $255,786 | $248,835 |
| Price Trend (Annual %) | 3.3% | 9.9% | 7.5% |
| Median Gross Rent | $1,016 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Johnson City is about 52% lower than in Tennessee. Rent is about 14% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Johnson City, up about 3.3% and 4.9% a year respectively. Rent is changing faster.
Median rent in Johnson City rose about 48.2% between 2015 and 2024, from $686 to $1,016. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Johnson City.
Buying the median-priced home in Johnson City costs roughly 10.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Johnson City. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Johnson City | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,287 | $255,786 | $248,835 |
| Median Household Income | $53,382 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Johnson City rose about 22.6%, while median household income rose about 41.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Johnson City | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.1% | 60.1% | 58.5% |
| Rental Rate | 46.4% | 29.7% | 31.2% |
| Vacancy Rate | 8.6% | 10.2% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Johnson City has a homeownership rate of 45.1%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 8.6%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Johnson City | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1979 | 1986 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Johnson City was built around 1979. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Johnson City, Tennessee.
What is the median home price in Johnson City, Tennessee?
The median home price in Johnson City, Tennessee is $123,287, lower than the Tennessee average of $255,786.
What is the average home price in Johnson City, Tennessee?
The typical home price in Johnson City, Tennessee, reported as the median sale price, is $123,287. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Johnson City, Tennessee?
The median gross rent in Johnson City, Tennessee is $1,016 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Johnson City in 2020?
In 2020, the median gross rent in Johnson City, Tennessee was $767 per month.
What is the price-to-rent ratio in Johnson City, Tennessee?
The price-to-rent ratio in Johnson City, Tennessee is about 10.1, meaning it would take roughly 10.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Johnson City.
Are home prices or rent rising faster in Johnson City, Tennessee?
Both home prices and rent are rising in Johnson City, up about 3.3% and 4.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Johnson City, Tennessee?
45.1% of households in Johnson City, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Johnson City, Tennessee?
The housing vacancy rate in Johnson City, Tennessee is 8.6%, lower than the Tennessee average of 10.2%.
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