Rental numbers for the Johnson City, TN metro
The typical home here runs -$784 a month at 7.78% with 25% down, breaking even at about 1.6%. 0 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.8%.
- Gross yield
- 6.1%
- typical home, Zillow
- Median ZIP yield
- 5.8%
- 5 ZIPs with full data
- Cash flow
- -$784/mo
- at 7.78%, 25% down
- Typical price
- $282,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,434/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
15 with published figures
| 37604Johnson City | $284,000 | $1,472 | 6.2% | 3.1% | -$788 | +2.2% |
| 37615Johnson City | $357,000 | $1,770 | 5.9% | 3.2% | -$978 | +2.4% |
| 37658Hampton | $209,000 | $1,010* | 5.8% | 2.6% | -$673 | n/a |
| 37601Johnson City | $264,000 | $1,269 | 5.8% | 2.7% | -$832 | +3.0% |
| 37650Erwin | $225,000 | $1,010* | 5.4% | 2.3% | -$791 | n/a |
| 37643Elizabethton | $234,000 | $1,029 | 5.3% | 2.2% | -$827 | n/a |
| 37659Jonesborough | $341,000 | $1,498 | 5.3% | 2.6% | -$1,111 | n/a |
| 37687Roan Mountain | $248,000 | $1,080* | 5.2% | 2.3% | -$859 | n/a |
| 37694Watauga | $247,000 | $1,010* | 4.9% | 2.0% | -$926 | n/a |
| 37692Unicoi | $292,000 | $1,110* | 4.6% | 1.8% | -$1,134 | n/a |
| 37657Flag Pond | $267,000 | $1,010* | 4.5% | 1.8% | -$1,049 | n/a |
| 37656Fall Branch | $290,000 | $1,070* | 4.4% | 1.8% | -$1,132 | n/a |
| 37690Telford | $314,000 | $1,140* | 4.3% | 1.8% | -$1,231 | n/a |
| 37681Limestone | $295,000 | $1,010* | 4.1% | 1.4% | -$1,245 | n/a |
| 37640Butler | $309,000 | $1,010* | 3.9% | 1.3% | -$1,334 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.4%
- Rent, 12 months
- +3.1%
- Rent minus price growth
- +1.7 pts
- Property tax
- 0.50%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $212,141 | $1,005 |
| Aug 2022 | $244,328 | $1,168 |
| Aug 2023 | $260,661 | $1,260 |
| Aug 2024 | $277,542 | $1,328 |
| Aug 2025 | $278,050 | $1,391 |
| Aug 2026 | $281,957 | $1,434 |
Counties
- Washington County, TN5.9% median yield
- Johnson County, TNn/a median yield
- Carter County, TN5.3% median yield
- Unicoi County, TNn/a median yield
Tools
Test a listing in the Johnson City, TN area against today's rate.
Open the calculatorQuestions
- Is the Johnson City, TN metro good for rental property?
- The typical home here runs -$784 a month at 7.78% with 25% down, breaking even at about 1.6%. 0 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Johnson City, TN metro have the highest rental yield?
- 37604 (Johnson City) at 6.2%, 37615 (Johnson City) at 5.9%, 37601 (Johnson City) at 5.8%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.