62 / 100

Washington County, TN

District 4

RANK #372 / 996 NAT  ·  #10 / 33 TN  ·  POP 133,282

1YR FORECAST: +0.5%

5YR OUTLOOK: +27%

Washington County's housing market is projected to grow +0.5% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Ballad Health Healthcare
    5,000+
  2. 2
    East Tennessee State University Education
    1,000+
  3. 3
    Washington County Board of Education & Johnson City School District Education
  4. 4
    Citi Commerce Solutions Finance
  5. 5
    James H. Quillen VA Medical Center Healthcare
  6. 6
    American Water Heater Company (A.O. Smith Corporation) Manufacturing
  7. 7
    State of Franklin Healthcare Associates Healthcare
  8. 8
    City of Johnson City Government
    500+
  9. 9
    AT&T Mobility Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
33.4%
of residents (national avg: 33%)

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] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.3
per 100K · nat avg 6.3
Firearm Fatalities
17.3
per 100K · nat avg 14.8
Injury Deaths
107.9
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 62/100, Washington County sits in the upper half of all 996 ranked counties. and median household income stands at $58,507 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in TN.

Is Washington County affordable?

Housing in Washington County is roughly in line with national affordability norms. The median home costs $211,100 and the income-to-home-value ratio sits at 0.28, with rents averaging $890/month. Not a bargain, but not a stretch for most local earners either.

Is Washington County growing or shrinking?

Washington County is attracting residents (population +0.9% YoY) even as the job market softens with employment at -1.9%. Housing values changed -0.6% over the past 12 months. People may be moving here for affordability or lifestyle reasons rather than job opportunities.

Are people moving to Washington County?

There's a moderate stream of newcomers. About 4.72% of residents moved from another state, which is above average and suggests Washington County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Hamblen County, TN 67 Jefferson County, TN 55 McMinn County, TN 54 Bedford County, TN 72 Blount County, TN 52 Coffee County, TN 76 Tangipahoa Parish, LA 62 Washington County, RI 62