Real Estate Investing in Johnson City, Tennessee (37601)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37601 (Johnson City, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
What’s happening in Johnson City, TN (37601)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37601 Johnson City
The 37601 ZIP covers a section of Johnson City that demands careful diligence. Prices near $268K look accessible, but the work to make a deal cash flow is real.
From a cash-flow lens, the numbers look inviting — $268K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37601 is substantial and deserves full respect.
Statewide comparisons place 37601 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 37601 includes headwinds that any investor should price in. Income distribution skews lower than Johnson City averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Johnson City:
Property Strategy for 37601
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $203,270 | $1,200 | 4.3% | +12.3% | $101,635 |
| 3BR | $283,466 | $1,480 | 3.8% | +10.3% | $94,489 |
| 4BR | $396,470 | $1,640 | 3.0% | +9.6% | $99,117 |
| 5BR | $585,537 | — | — | +10.4% | $117,107 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37601 Compare?
| Metric | 37601 | Johnson City | Johnson City, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $267,948 | $114,441 | N/A | $327,001 |
| 5-Year CAGR | 7.1% | 6.8% | N/A | 7.7% |
| Avg Rent | $1,314 | $1,565 | N/A | - |
| Cap Rate | 3.8% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37601 (Johnson City, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $267,948 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37601
Population: 38,622
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37601
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,709 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Johnson City in TN worth investing in?
Investors tracking Johnson City, TN will find a 3.0/5 rating supported by $268K median home values and $1,314/mo rents. That profile suits long-term holders targeting reliable returns.
What is the median home value in Johnson City, TN?
Expect median prices around $268K in Johnson City, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is Johnson City, TN better for rentals, flips, or BRRRR?
For Johnson City, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Johnson City, TN a good market for FHA house hackers?
Johnson City, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $268K price point reasonable to enter.
How much is rent in Johnson City, TN?
Johnson City, TN rentals go for roughly $1,314/mo a month. That puts gross yield in solid territory relative to $268K acquisition costs.
You know 37601 now. You don’t know where it ranks.
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How 37601 ranks in Johnson City, TN
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