37614, Johnson City, TN

The 37614 zip code of Johnson City, TN is home to a population of around 30,000 people. The median household income in this zip code is $60,000, and the median home value is $160,000. Home equity in this zip code is relatively high compared to other zip codes in Tennessee. In fact, the percentage of homes with equity above the market value is almost 60%. This high level of equity may be due to the strong economy and low interest rates in Johnson City.

Despite the high level of equity in this zip code, there are still a number of homeowners who are struggling to make their mortgage payments. Around 20% of households in this zip code are currently underwater on their mortgages. This means that they owe more on their mortgages than their homes are worth. The percentage of homeowners who are struggling to make their mortgage payments has been increasing over time, which suggests that the housing market in Johnson City may be cooling off slightly.

Overall, it seems that homeownership rates and home values in Johnson City remain relatively stable despite a slowdown in the economy over recent years. This suggests that there may be some potential for recovery in this area over time if conditions improve further