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Washington County, TN

RANK #626 / 996  ·  POP 133,282  ·  TN

PROJECTED GROWTH: +0.3%

Washington County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Washington County?

Washington County, Tennessee, holds the distinction of being the state's oldest county, established in 1777 when the area was still part of North Carolina. Its county seat, Jonesborough, chartered in 1779, is Tennessee's oldest town and features a well-preserved historic district. Located in the northeastern part of the state, nestled in the Appalachian Highlands, the county is home to Johnson City, a regional hub for education, medicine, and commerce. Commutes within the county and to nearby areas are facilitated by access to Interstates 26 and 81. The natural scenery includes parts of the Cherokee National Forest, Buffalo Mountain Park, and the Nolichucky and Watauga Rivers, offering extensive outdoor recreation like hiking, mountain biking, fishing, and kayaking.

Life in Washington County offers a blend of community and access to amenities. The public school system includes several highly-rated elementary, middle, and high schools. East Tennessee State University in Johnson City contributes to the area's educational and healthcare services, attracting both young professionals and retirees. Recent economic developments show significant investment in advanced manufacturing, life sciences, and information technology, with new businesses and housing developments expanding across Johnson City, Jonesborough, and Gray. The region's economy is also supported by agribusiness and a focus on workforce development programs.

[02] Market Snapshot

Housing Ratio
3.9x

Undervalued relative to economy

GDP Growth
+2.1%

Below national median

Home Prices
-0.6%

Prices declining

Climate & Terrain
0.7

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 3.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Washington County U.S. National

The Numbers

DEMOGRAPHICS
Population
133,282
+0.92% YoY
Median Household Income
$58,507
Median Home Value
$211,100
-0.55% 12mo
Median Rent
$890
Average Annual Pay
$55,766
+3.8% YoY
Employment
63,746
-1.9% YoY
Income-to-Home-Value
0.2772
More affordable than average
Migration Inflow
4.72%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$330,000
Days on Market
64
Slower market
Months of Supply
3.4
Balanced market
Sale-to-List Ratio
97.0%
Negotiation room for buyers
Sold Above List
16.0%
Listings w/ Price Drops
23.0%
Building Permits (2024)
1,155
Single-Family Permits
686

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$37M
TOTAL
PROJECT AMOUNT STATUS
ebm-papst Manufacturing Facility
ebm-papst Inc.
$37M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.1% 37 percentile
Population Growth +0.9% 69 percentile
Income Growth +11.4% 93 percentile
Vacancy Rate 0.8% 73 percentile
Home Price Change -0.6% 25 percentile
Rent Growth +4.9% 78 percentile
Price/Rent 13x 56 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Washington County, TN a good place to move to?

Washington County has a Boom Town Index score of 37/100, ranking #626 among 996 U.S. counties. With job growth at -1.9% and a median household income of $58,507, it faces some economic headwinds compared to faster-growing counties.

Is Washington County affordable?

The median home value in Washington County is $211,100 with median rent at $890/month. The income-to-home-value ratio is 0.2772, which is more affordable than the national average.

Is Washington County growing or shrinking?

Population growth: +0.9% year-over-year. Job growth: -1.9%. Home values changed -0.6% in the past 12 months.

Are people moving to Washington County?

Yes — 4.72% of Washington County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Santa Clara County, CA 47 Clay County, MN 47 Spotsylvania County, VA 47 Stafford County, VA 47 Watauga County, NC 47 Warren County, KY 47 Muskogee County, OK 47 Blount County, TN 47