Kingsport, October 3, 2025

News Summary

The Kingsport housing market is struggling as rising home prices make ownership difficult for many residents. With typical home values nearing $440,000 and starter homes around $300,000, the market is sluggish, particularly during peak buying seasons. Even as Kingsport ranks among the top booming markets for future growth, many prospective buyers find themselves unable to enter the market.

Kingsport Housing Market Shows Struggles Amid Rising Prices and Demand

The housing market in Kingsport is experiencing significant challenges as home prices continue to rise, making homeownership increasingly unattainable for many residents. With home values trending into the upper price ranges, the typical price of homes and starter homes is contributing to a sluggish market, particularly in the busy spring and summer buying seasons.

In 2014, a $500,000 home purchase was generally within reach for high earners, with the typical home in the U.S. selling for $159,000 and starter homes averaging $101,000. Fast forward to now, the typical home in the U.S. has skyrocketed to $440,000, with starter homes nearing $300,000. This dramatic increase has constrained potential homeowners, creating a notable decrease in sales activity in many areas, including Kingsport.

Redfin Real Estate recently conducted a survey of the Kingsport area for homes listed around the $500,000 mark. Some current listings include:

• 522 Alabama St, Bristol, TN: $499,000 – 5 bedrooms, 4.5 bathrooms, 4,002 sq ft.
• 611 Lawrence Ave, Bristol, VA: $499,999 – 5 bedrooms, 4 bathrooms, 3,001 sq ft.
• 1902 Lamont St, Kingsport, TN: $500,000 – 5 bedrooms, 3.5 bathrooms, 5,352 sq ft.
• 4416 Beechcliff Dr, Kingsport, TN: $479,000 – 5 bedrooms, 3 bathrooms, 3,591 sq ft.
• 1560 Rock Springs Rd, Kingsport, TN: $484,900 – 5 bedrooms, 3 bathrooms, 3,054 sq ft.
• 4402 Pickwick Ct, Kingsport, TN: $480,000 – 5 bedrooms, 2.5 bathrooms, 4,159 sq ft.
• 102 Patrick Henry Cir, Kingsport, TN: $499,900 – 5 bedrooms, 2.5 bathrooms, 3,466 sq ft.

Additionally, homes with four bedrooms are priced between $482,500 and $499,900. The overall average home value in Kingsport is expected to reach $233,467 by 2024, indicating some growth potential but still leaving many prospective buyers behind.

Interestingly, Kingsport has been recognized as the No. 12 top booming housing market for future growth in home value by GoBankingRates. From 2023 to 2024, the city’s home value is anticipated to increase by approximately 7.91%, which translates to more than $17,000. Moreover, as of February 2024, Kingsport ranked No. 8 for the most in-demand city to live in Tennessee, while also being rated fifth in livability in the state.

In the broader context, Tennessee’s housing market forecasts steady growth through mid-2024, with average home prices rising by 1.1% from the previous quarter and 5.8% annually—outpacing the national average. Cities like Knoxville and Kingsport-Bristol have seen strong price increases, though some regions still report price declines.

Despite the overall growth, the state has seen a rise in mortgage delinquencies—a signal of financial stress among some homeowners. However, foreclosure rates remain stable, showcasing resilience in the housing sector amid rising costs.

Local government and organizations, such as the Tennessee Housing Development Agency and the Business and Economic Research Center at MTSU, continue to monitor and provide insights into the housing market, analyzing trends that affect the economy and housing sector overall.

FAQ

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Additional Resources

• Knox News – Top Tennessee Real Estate Market 2025
• Wikipedia: Real estate market
• WGNS Radio – Tennessee Housing Report
• Google Search: Tennessee housing market
• Johnson City Press – Kingsport Area Housing Boom
• Google Scholar: Kingsport housing market
• WJHL – Kingsport Housing Starts Quadruple
• Encyclopedia Britannica: Housing market growth
• Don Fenley – Kingsport-Bristol Ranking
• Google News: Kingsport Bristol housing market

Author: STAFF HERE BRISTOL WRITTER

The BRISTOL STAFF WRITER represents the experienced team at HEREBristol.com, your go-to source for actionable local news and information in Bristol, Sullivan County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Bristol Rhythm & Roots Reunion, NASCAR races at Bristol Motor Speedway, Border Bash concert series, and the Hot Bristol Night Car Show. Our coverage extends to key organizations like the Bristol Chamber of Commerce, Believe in Bristol, and the Birthplace of Country Music, plus leading businesses in healthcare, manufacturing, and entertainment that power the local economy such as Ballad Health, Strongwell, and Bristol Motor Speedway. As part of the broader HERE network, including HEREChattanooga.com, HEREKnoxville.com, HEREMemphis.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.