Side-by-side comparison of Johnson City, TN and Spring Hill, TN — cap rates, rent, prices, and investment metrics.
Cash flow: Johnson City has the edge with an estimated cap rate of 4.48% compared to Spring Hill's 3.65%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $235,000 in Johnson City vs $395,000 in Spring Hill, while rents come in at $1,200/mo and $1,720/mo respectively.
Growth & appreciation: Spring Hill is growing faster at 4.5% annually vs Johnson City's 1%. Spring Hill leads on home value appreciation at 3.6% per year. Strong population growth typically translates to sustained rental demand and long-term price support.
Costs & risk: Property taxes are 0.52% in Johnson City vs 0.54% in Spring Hill. Vacancy rates of 5.4% and 4.5% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: Johnson City edges out Spring Hill on most key metrics. While cap rates are moderate at 4.48%, Johnson City's overall profile is stronger. Use our free calculators to model specific deals in Johnson City or Spring Hill.