Johnson City Entry-Level Homes: Affordability Check

What does a median price of $500,000 mean for entry-level buyers in Johnson City when mortgage rates sit at 7.11%? ALEX Intelligence analyzed the rolling 12 months ending Oct 31, 2026, to assess affordability for single-family homes in this market. The median close price reached $500,000, a 16.3% increase compared to the prior period and the same window last year. This rise occurred alongside a 22.7% jump in median living area to 2,100 square feet. However, the share of homes selling below original list price dropped to 80.6%, down from 89.2% previously, indicating that while prices are higher, negotiation leverage has shifted slightly compared to last year. For buyers financing a home at the current 7.11% rate with 20% down, the principal and interest payment on a median-priced home is $2,691 per month. A 3-2-1 buydown would reduce the first-year rate to 4.11%, lowering the monthly payment to $1,935 for a total cost of $18,444 over three years. Conversely, a 2-1 buydown would result in a first-year payment of $2,174 with a total cost of $9,372. The market currently holds 41 active listings against a pace of roughly 3 closed sales per month, creating approximately 13.7 months of inventory. This high supply level suggests that while entry-level prices have climbed, the volume of available homes remains significant for those who can secure financing at current rates. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog