Renter percentages and average rent prices in Johnson City have also shown interesting trends. The renter-occupied percentage increased slightly from 44% in 2013 to 47% in 2022, while average rent rose from $640 to $913, a 43% increase. This growth in both renter occupancy and rent prices could be attributed to factors such as population growth (from 65,796 in 2013 to 71,444 in 2022) and potentially, the challenges some residents faced in transitioning to homeownership due to rising home prices.

In 2023 and 2024, Johnson City's housing market continued to evolve. Average home prices reached $261,331 in 2023 and further increased to $276,345 in 2024, representing a 14% rise over two years. Concurrently, federal interest rates climbed to 5.02% in 2023 and 5.33% in 2024, potentially influencing homebuying decisions and market dynamics.

Looking ahead, predictive models suggest that average home prices in Johnson City may continue to rise, potentially reaching around $310,000 by 2029. Average rent prices are also projected to increase, possibly surpassing $1,100 per month within the next five years. These forecasts assume a continuation of current economic conditions and local market trends.

In summary, Johnson City has experienced a notable increase in both home values and rent prices over the past decade, with a slight shift towards renting. The interplay between federal interest rates, local economic factors, and population growth has shaped these trends. As the city moves forward, balancing housing affordability with market growth will likely be a key consideration for both policymakers and residents.