Department of Numbers

Johnson City Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Johnson City, TN (the Johnson City metro area) was $662 in 2015 according to the Census ACS survey.1 Average gross rent in Johnson City was $642 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Johnson City median and average rent data will be released in September of 2017.

Data is also available below for Johnson City rental vacancy rates, Johnson City rent as a percent of median income and the fraction of renters in Johnson City.

Show dollars as: Nominal Real

Real Gross Rent in Johnson City Tennessee (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Tennessee Median Gross Rent $785 +2.48% +7.24%
Johnson City, TN Median Gross Rent $662 -2.50% +4.09%

Johnson City, TN Real Gross Rent Trends

Median gross rent for Johnson City peaked in real terms in 2014 at $679 and is now $17 (2.50%) lower. At $642, real average gross rent in Johnson City was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Johnson City: Johnson City TN Median, Johnson City TN Average, Tennessee Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Johnson City

Date US
Median
Tennessee
Median
Johnson City, TN
Median
Johnson City, TN
Average
2015 $959 $785 $662 $642
2014 $930 $766 $679 $609
2013 $898 $743 $592 $553
2012 $886 $732 $636 $586
2011 $887 $728 $620 $540
2010 $901 $734 $628 $603
2009 $905 $733 $638 $602
2008 $920 $737 $614 $627
2007 $874 $702 $561 $524
2006 $883 $710 $552 $483
2005 $858 $687 $601 $524

Johnson City Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Johnson City Tennessee was 6.49% according to Census ACS data.

Rental Vacancy Rate in Johnson City Tennessee

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Tennessee 7.13% -0.11% -0.76%
Johnson City, TN 6.49% +0.54% -1.75%

Trends in Johnson City, TN Rental Vacancy Rate

The rental vacancy rate in Johnson City peaked in 2006 at 9.62%. Since then it has fallen by 3.13% to 6.49%. Data records for this series originated in 2005. From a 2011 post peak low of 2.62%, the rental vacancy rate has increased by 3.87%.

Rental Vacancy Rate: Johnson City TN, Tennessee, US

Rental vacancy rate in Tennessee

Historical Rental Vacancy Rate data for Johnson City

Date US Tennessee Johnson City, TN
2015 5.85% 7.13% 6.49%
2014 6.32% 7.24% 5.95%
2013 6.49% 7.86% 5.16%
2012 6.77% 7.89% 8.24%
2011 7.40% 8.54% 2.62%
2010 8.17% 10.33% 7.97%
2009 8.43% 10.52% 5.78%
2008 7.86% 10.30% 8.11%
2007 7.87% 9.20% 4.01%
2006 7.70% 9.61% 9.62%
2005 7.74% 8.82% 6.21%

Rent as a Fraction of Income

Using median household income data for Johnson City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Johnson City, median monthly gross rent as a fraction of median household income was 19.67% in 2015 according to the ACS.

Johnson City Tennessee Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Tennessee 19.93% -0.90% -0.56%
Johnson City, TN 19.67% -1.42% +0.23%

Trends in Johnson City, TN Rent as a Fraction of Income

The fraction of median Johnson City household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 21.09%. Since then it has fallen by 1.42% to 19.67%.

Fraction of Income towards Rent: Johnson City TN, Tennessee, US

Percent of median household income going towards median monthly gross rent in Johnson City Tennessee

Historical Data for Annual Rent as a Fraction of Income in Johnson City Tennessee

Date US Tennessee Johnson City, TN
2015 20.63% 19.93% 19.67%
2014 20.89% 20.83% 21.09%
2013 20.78% 20.26% 19.11%
2012 20.65% 20.48% 19.44%
2011 20.70% 20.58% 19.99%
2010 20.50% 20.17% 19.44%
2009 20.12% 19.61% 20.66%
2008 19.00% 18.16% 16.18%
2007 18.66% 17.96% 16.93%
2006 18.90% 18.25% 16.74%
2005 18.89% 18.00% 16.43%

Renter Fraction in Johnson City Tennessee

You can calculate the renter fraction in Johnson City in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Johnson City as a fraction of total Johnson City households. In 2015 30.29% of households were renters according to Census ACS data.

Johnson City Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Tennessee 34.18% +0.32% +0.87%
Johnson City, TN 30.29% -1.44% -0.39%

Trends in the Johnson City, TN Renter Fraction

The Johnson City household renter fraction peaked in in 2007 at 33.48% and is now 3.19% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Johnson City TN, Tennessee, US

Fraction of renters in Johnson City

History of Johnson City Renter Fraction

Date US Tennessee Johnson City, TN
2015 36.97% 34.18% 30.29%
2014 36.90% 33.86% 31.73%
2013 36.50% 33.62% 32.65%
2012 36.09% 33.31% 30.68%
2011 35.42% 32.72% 31.56%
2010 34.65% 31.87% 29.53%
2009 34.13% 30.85% 31.66%
2008 33.36% 30.17% 28.76%
2007 32.80% 30.06% 33.48%
2006 32.73% 30.10% 28.11%
2005 33.10% 30.74% 27.09%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.