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1031 Exchange Johnson City, Tennessee

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Johnson City due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Johnson City, Tennessee is a part of the Johnson City, TN metropolitan area, and contains 6 zip codes: 37615, 37605, 37601, 37614, 37604, and 37602.

Johnson City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Johnson City, TN metropolitan area was $798, which is 10.22% lower than 2014 average rent. This represents a compounded annual growth rate of 1.97%. 2019 vacancy in Johnson City, TN was 2.10%.

The total population of the city of Johnson City, TN has grown 5.74% since 2010. As of 2018, the population was 66,778. The median household income of the Johnson City was $40,786, which is 32.35% lower than the national average.

  • metropolitan area Johnson City, TN
  • avg rent $798
  • rent growth 10.22%
  • vacancy 2.10%
  • median income $40,786
  • population (2018) 66,778
  • population growth 5.74%
  • vs. nat'l avg 32.35%
  • zip codes 37601 37602 37604 37605 37614 37615

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