37601, Johnson City, TN

Home Equity and Home Prices in the 37601 Zip Code of Johnson City, TN

The home equity and home prices in the 37601 zip code of Johnson City, TN are very high. The median home value in this zip code is $191,000, which is more than triple the national median home value of $77,500. The average home value in this zip code has also increased significantly over the past few years. In 2014, the average home value was $148,000. This year, as of August 2017, the average home value is $187,000. This increase in home values is likely due to a number of factors including an improving economy and increasing demand for housing stock.

While there are a number of reasons why the homes in this zip code are worth so much money, one factor that may have contributed to this increase is that there are relatively few homes for sale in this area. As a result, homeowners who want to sell their homes have a lot of competition from buyers who are willing to pay a high price for these properties. Additionally, many people who live in this zip code are likely affluent enough that they do not need to worry about making too much money off their homes – they can simply enjoy living in them without worrying about whether or not they will be able to sell them anytime soon.