Investment metrics, interactive calculators, and data-driven analysis for Johnson City rental properties.
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Johnson City, TN has a population of 72,000 and has been growing at 1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $235,000 paired with median rents of $1,200/mo produces an estimated cap rate of 4.48%.
Property taxes at 0.52% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5.4% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 5.5x, homes cost about 5.5 times the local median income of $42,800. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 3% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Johnson City presents moderate opportunities. Cap rates near 4.48% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.