Although the selling price of new homes gets most media and public attention, there’s another way to look at a region’s new home market.
Comparing the average income range of home buyers to the average price of what they buy offers some crucial insights on both buyers and the market.
The data can be used to target buyers in specific income ranges. It can also suggest which segment of home prices will be in most demand.
The data for this chart was last updated in late August 2021.
The region covered is the Johnson City Metropolitan Statistical Area that includes Carter, Washington and Unicoi counties in NE Tenn.
Categories: REAL ESTATE