Foreclosure Homes in Johnson City, TN 37601

Current Market Conditions in Johnson City, TN

The real estate market in Johnson City has shown steady growth over the past year, with an increasing demand for both single-family homes and rental properties. Home prices have risen due to a combination of low inventory and high buyer interest, making it a competitive market for both sellers and buyers.

Recent trends indicate that the market is leaning towards new construction, with developers increasingly targeting suburban neighborhoods around Johnson City. This can be attributed to the city's expanding population and the desire for more modern housing options.

Rent Prices In Johnson City, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Johnson City, TN, is on a rollercoaster ride. The average rent price in Johnson City, TN, is $1,219.00. Indeed, when looking to rent in Johnson City, TN, you can expect to pay as little as $480.00 or as much as $3,260.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Johnson City, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.