37615, Johnson City, TN

Home Equity and Home Prices in the 37615 Zip Code of Johnson City, TN

There is no doubt that home equity and home prices are two important factors to consider when purchasing a home. In Johnson City, TN, the average home value is $161,000. This means that homeowners in this zip code have a significant amount of equity in their homes. Additionally, the median home price in this area has increased by 5% over the past year. This indicates that there is strong demand for homes in this area and that buyers are able to get good deals on properties.

Given these trends, it is not surprising that homeownership rates in Johnson City are high. As of 2016, 68% of households were owner-occupied compared to the national average of 63%. Additionally, the median household income was $50,000 which was higher than both the Tennessee and national averages. These factors indicate that people who live in Johnson City are likely to be comfortable with their current housing situation and are not looking to purchase a new property anytime soon.