Rent to own Homes in Johnson City, TN
Founded in 1856, Johnson City offers a high standard of living at a low cost. Known as "Little Chicago," thanks to the role it played in bootlegging during prohibition, the city is also known for another kind of drink--it's the birthplace of Mountain Dew. If you enjoyed that brief history lesson, then you'll love the 18th-century buildings found in Jonesborough, Tennessee's oldest town, which is just a short drive away.
Johnson City, TN is a great place for affordable rent-to-own homes! With a median household income of over $42,174 and a median rent of $775, the Johnson City, TN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Johnson City, TN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Johnson City, TN Property Resources
Rent to own Homes in Cities Near Johnson City, TN
- Afton
- Baileyton
- Biltmore
- Bloomingdale
- Blountville
- Bluff City
- Bristol
- Bristol
- Central
- Chuckey
- Church Hill
- Clinchport
- Colonial Heights
- Duffield
- Dungannon
- Eidson
- Elizabethton
- Embreeville
- Fall Branch
- Fort Blackmore
- Gate City
- Gray
- Hiltons
- Hunter
- Johnson City
- Jonesborough
- Kingsport
- Limestone
- Mendota
- Mount Carmel
- Nickelsville
- Oak Grove
- Orebank
- Pine Crest
- Piney Flats
- Spurgeon
- Sullivan Gardens
- Surgoinsville
- Telford
- Unicoi
- Walnut Hill
- Watauga
- Weber City
Neighborhoods in Johnson City, TN
Mountain Home rent to own homes South Side Johnson City rent to own homes Cherokee rent to own homes Tree Streets rent to own homes Knob Creek Historic District rent to own homes Downtown Johnson City rent to own homes West Davis Park rent to own homes Seminole Woods rent to own homes Boone's Creek rent to own homesPopular Zip Codes in Johnson City, TN
37605 rent to own homes 37684 rent to own homes 37601 rent to own homes 37604 rent to own homes 37614 rent to own homes 37615 rent to own homesBuying a Home in Johnson City, TN
Johnson City, TN is seeing rapid growth and Johnson City, TN's' housing market remains optimal with an average home price that is -22% below the 2024 national average. Johnson City, TN is part of Washington county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Washington is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Johnson City, TN
Median Rent in Johnson City, TN
Top Reasons to Live in Johnson City TN
Housing in Johnson City Johnson City is a great place to consider purchasing a home, renting an apartment, or finding a rent to own house. There are lots of options for housing in Johnson City--both rentable and buyable. A relatively low proportion of homes in Johnson City are owned--just 47%. Rented accommodation makes up 43% of the remaining properties, while 10% are vacant. Meanwhile, the number of house sales is decreasing. From May through July 2013, there were 199 sales, down 40% from the same time last year, while the residential turnover rate has remained at 21%. The median sales price has increased slightly, however, to $145,000. Johnson City is a place where there are opportunities for rental homes as well.
Local Shopping The best shopping in town is at The Mall at Johnson City, an upmarket shopping center with dozens of great fashion stores, a jewelery boutique, and several places to purchase a pair of shades for protection from the Tennessee sun. For something unique to Johnson City, head to the Boones Creek Potters' Gallery and Gift Shop. This store has beautiful pottery, wood carvings, hand-blown glass, and art perfect for brightening up your home.
Tourist Attractions Johnson City's greatest tourist attraction actually lies outside its city limits, in the great outdoors of the Roam Mountain State Park and the Cherokee National Forest. A hike through these stunning parks is priceless, not to mention free. Within the city, you've got the Reece Museum, part of the Center for Appalachian Studies and Services, which exhibits art and artifacts from the Appalachian region. Youngsters, though, might appreciate the Hands On! Regional Museum on E Main Street a little more, where the focus is firmly on learning and discovery through play and interaction.
Largest Employers and Industries Healthcare and education provide most of the jobs in Johnson City, with Mountain States Health Alliance employing 3,500 people alone. Other major employers in the area include Citi Commerce Solutions and American Water Heater Company, which is headquartered directly in the city. Over a fifth of the population are professionals, while 15% are employed in the service industry.
Local Events and Festivals The annual Appalachian Fair is held every August at the Appalachian Fairgrounds, with exhibitors from across the area, fairground rides, and live musical entertainment. Music fans won't want to miss the three-day Blue Plum Festival in June, which also features an urban art competition and special activities designed just for kids. First Friday is a monthly event that spreads art and music throughout the downtown area, creating a jovial atmosphere on the streets.