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Real Estate Tips

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Kingsport, TN – Emerging Housing Market Fall 2021

The latest “Emerging Housing Markets Index” by Wall Street Journal and Realtor.com is out, and the Tri-Cities area is featured once again.

READ MORE: Johnson City, TN – Emerging Housing Market July 2021

The goal of the index is to identify markets that offer attractive lifestyle amenities and are expected to see home price growth – prime areas for both homeowners and investors to purchase a home.

Kingsport Ranks 23rd

With a population of just over 50,000, Kingsport, Tennessee ranked number 23 on the Emerging Housing Market Index, an increase of 13 spots over the prior quarter.

READ MORE: Relocate with Ease with a Hyper-Local Realtor

Johnson City Ranks 9th

Johnson City, Tennessee made the top 10 for the second quarter in a row, coming in at number 9.

Tri-Cities Housing Market

Kim Keith, Treasurer of the Northeast Tennessee Association of Realtors (NETAR) told WJHL her organization has been paying attention to home sales growth rates in the Tri-Cities.

The housing market is growing all across the region. Kingsport’s current home sales growth rate sits at 8.8%, and Johnson City’s is at 11.6%. Blountville leads the area with a growth rate of 54.5%, followed by Elizabethton’s 34% growth rate.

READ MORE: Metro Dwellers Move to the Suburbs

“Emerging Housing Market” Qualifications

The index evaluates standards for indicators related to the real estate market and economic health and quality of life. The real estate market category looks at real estate demand, real estate supply, and median listing price trend. The economic and quality of life category evaluates unemployment rates, wages, regional price parities, the share of foreign born residents, small businesses, amenities, commute, and real estate taxes.

See all the homes the Tri-Cities has to offer with our online search today! We post new listings daily. Making a move to North East Tennessee or South West Virginia? Blue Ridge Properties real estate brokers and agents have the hyper-local knowledge and experience you want on your team. You can use our online tool to Find An Agent or call us at 423-247-4181 with any questions.