Mortgage Calculator & Closing Costs: Johnson City, TN
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Johnson City, Tennessee.
Median Home Price
$265K
Population
71K
Avg Monthly Rent
$1,120
Property Tax Rate
0.56% *
* Property tax shown is the Tennessee state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Johnson City.
Johnson City vs Tennessee Median
The median home price in Johnson City is $265,000, which is 22% below the Tennessee state median of $340,000.
Mortgage Calculator — Johnson City, TN
Pre-filled with Johnson City median home price and Tennessee tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using Tennessee's 0.56% tax rate and $2,400/yr insurance.
5% Down
$2,062/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $124
Insurance: $200
PMI: $147
10% Down
$1,970/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $124
Insurance: $200
PMI: $139
20% Down (No PMI)
$1,664/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $124
Insurance: $200
Income needed (28% rule): $71K/year with 20% down, $84K/year with 10% down.
Rent vs Buy in Johnson City
Rent
$1,120/mo
vs
Buy (10% down)
$1,970/mo
Price-to-rent ratio: 19.7 — A ratio between 15-20 means the rent vs buy decision in Johnson City depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Johnson City is $265,000, 22% below the Tennessee state median of $340,000. With a population of 71,046, Johnson City is a smaller market where home prices tend to be more accessible than in many parts of Tennessee.
Property taxes in Tennessee average 0.56% annually. This low property tax rate is a significant advantage for Johnson City buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Tennessee runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Johnson City is $1,120/month. The price-to-rent ratio in Johnson City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Johnson City presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Johnson City.