Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Johnson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,181 | $235,307 | $242,182 |
| Price Trend (Annual %) | 20.8% | 10.0% | 8.2% |
| Median Gross Rent | $638 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Johnson County is about 7% lower than in Tennessee. Rent is about 43% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Johnson County, up about 20.8% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Johnson County rose about 35.3% between 2015 and 2023, from $472 to $638. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Johnson County.
Buying the median-priced home in Johnson County costs roughly 28.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Johnson County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Johnson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,181 | $235,307 | $242,182 |
| Median Household Income | $52,935 | $67,486 | $78,145 |
| Price-to-Income Ratio | 4.1 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Johnson County rose about 106.4%, while median household income rose about 77.9% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Johnson County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.4% | 60.0% | 58.2% |
| Rental Rate | 17.5% | 29.5% | 31.3% |
| Vacancy Rate | 18.1% | 10.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Johnson County has a homeownership rate of 64.4%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 18.1%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Johnson County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1981 | 1985 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Johnson County was built around 1981. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Johnson County, Tennessee.
What is the median home price in Johnson County, Tennessee?
The median home price in Johnson County, Tennessee is $218,181, lower than the Tennessee average of $235,307.
What is the average home price in Johnson County, Tennessee?
The typical home price in %s, reported as the median sale price, is %s. 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 County, Tennessee?
The median gross rent in Johnson County, Tennessee is $638 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Johnson County in 2020?
In 2020, the median gross rent in Johnson County, Tennessee was $552 per month.
What is the price-to-rent ratio in Johnson County, Tennessee?
The price-to-rent ratio in Johnson County, Tennessee is about 28.5, meaning it would take roughly 28.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Johnson County.
Are home prices or rent rising faster in Johnson County, Tennessee?
Both home prices and rent are rising in Johnson County, up about 20.8% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Johnson County, Tennessee?
64.4% of households in Johnson County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Johnson County, Tennessee?
The housing vacancy rate in Johnson County, Tennessee is 18.1%, higher than the Tennessee average of 10.6%.