Johnson City, TN Federal Housing Finance Agency Home Price Index (FHFA HPI)

In the Johnson City, TN, Federal Housing Finance Agency (FHFA) house price index for the fourth quarter of 2019, the home equity and home prices both increased from the previous quarter. The home equity index rose from 99.64 to 100.39, while the home price index increased from 185.16 to 186.17.

The FHFA house price indexes are based on data from Fannie Mae and Freddie Mac's monthly House Price Index (HPI) reports. The HPI is a weighted, repeat-sales index measuring average price changes in repeat sales or refinancings on the same properties.

In general, an increase in the HPI indicates that home prices are rising; conversely, a decrease in the HPI indicates that home prices are falling. The quarterly change in HPI is widely used as an indicator of housing market trends and as a measure of housing market risk.

The Johnson City MSA had a population of 201,092 in 2019 and is located in northeastern Tennessee. It includes Carter, Unicoi, and Washington counties. The city is a regional center for healthcare and medical research with two major hospitals: Johnson City Medical Center and Franklin Woods Community Hospital. It is also home to East Tennessee State University (ETSU).

According to Realtor magazine's annual ranking of America's Best Places to Live for 2019-2020, Johnson City ranks #65 out of 182 small cities across the country (defined as cities with populations between 50-200 thousand). This is up from its rank of #84 last year but down from its peak rank of #57 in 2016-2017.