Kingsport, Tennessee, October 3, 2025
News Summary
Kingsport, Tennessee has been recognized as the 12th most promising real estate market for investment in 2025, according to GoBankingRates. The city has experienced a significant rise in average home values, which are expected to continue increasing. As of 2024, the average home price is $233,467, reflecting a strong growth trend in the region. Despite rising home prices and mortgage rates, initiatives are being implemented to ensure affordable housing options are available for residents.
Kingsport, Tennessee has been recognized as one of the top housing markets for 2025, ranking No. 12 in GoBankingRates’ list of the most promising locations for real estate investment. This comes amid a surge in local real estate prices, with the average home value in Kingsport expected to rise significantly in the coming years.
As of 2024, the average home value in Kingsport is $233,467, reflecting a remarkable growth of 7.91% from 2023 to 2024, equating to an increase of over $17,000. This rise is part of a broader trend across the Tennessee housing market, which has shown steady growth with home prices increasing by 1.1% quarterly and 5.8% annually. As the median home price in Tennessee for January 2025 is reported at $383,300, up 5.2% year-over-year, the increase in home values indicates a healthy real estate environment.
In 2025, it is predicted that purchasing a home for $500,000 today will not stretch as far as it did in 2014, highlighting the drastic altitude of real estate prices. Furthermore, a substantial increase in the supply of homes for sale in Tennessee, which is up 16.3% from the previous year, provides buyers with more options and enhances their negotiating leverage.
However, a slight rise in mortgage delinquencies suggests some financial strain among homeowners, primarily due to the current average mortgage rates hovering around 7%. Despite these challenges, rental vacancies are decreasing, indicating a level of stability in the real estate market.
Efforts to aid residents seeking affordable housing are being bolstered by increased support from the Tennessee Housing Development Agency for low- to moderate-income individuals. This initiative is aimed at ensuring accessible housing options remain available in the face of rising home prices.
While the Kingsport housing market appears robust, market trends predict a slower pace of price growth going into the next year, with potential price corrections anticipated in certain areas. Nevertheless, the current momentum indicates a balanced market, with around 5 months of inventory available, suggesting a reasonable equilibrium between buyer demand and housing supply.
As the local sports scene remains vibrant, including an upcoming football matchup between the Tullahoma Wildcats and Lincoln County, local community engagement continues to thrive alongside evolving housing dynamics. The community’s focus on upcoming events and initiatives, including major cultural festivals, further illustrates the city’s lively atmosphere during this period of economic growth.
In conclusion, Kingsport stands out as a promising real estate market poised for significant growth in the near future. Visitors and residents alike are optimistic about the local economy and real estate landscape.
Key Highlights of the Kingsport Housing Market
- Average home value in Kingsport (2024): $233,467
- Home value growth (2023-2024): 7.91%
- Kingsport’s ranking in GoBankingRates (2025): No. 12
- Median home price in Tennessee (January 2025): $383,300
- Increase in home prices (Tennessee): 1.1% quarterly, 5.8% annually
- Increase in home supply: 16.3% from the previous year
- Current average mortgage rates: ~7%
FAQ
- What is the average home value in Kingsport for 2024?
- The average home value in Kingsport is $233,467.
- How much did home values grow in Kingsport from 2023 to 2024?
- Kingsport saw a home value growth of 7.91%, translating to over $17,000 increase.
- What ranking did Kingsport achieve in GoBankingRates’ housing market list for 2025?
- Kingsport ranked No. 12 in GoBankingRates’ list of the top 20 most promising housing markets.
- What is the median home price in Tennessee for January 2025?
- The median home price in Tennessee for January 2025 was $383,300, a 5.2% increase year-over-year.
- How much have home prices increased in Tennessee?
- Home prices have increased by 1.1% quarterly and 5.8% annually.
- What is the percentage increase in home supply in Tennessee?
- The supply of homes for sale in Tennessee has increased by 16.3% from the previous year.
- What are the current mortgage rates?
- Current mortgage rates are around 7%.
Deeper Dive: News & Info About This Topic
HERE Resources
Kingsport Housing Market Faces Rising Prices and Demand
Trump Administration Proposes Federal Pay Adjustment Plan
Tennessee Housing Market Shows Stability Amid Fluctuations
Tri-Cities Housing Market Continues to Favor Sellers
Tennessee Homeowners Face Rising Mortgage Costs
Elizabethton Marks 250th Anniversary of Transylvania Purchase
Bristol School Site Faces Fire and Blight Issues
Bristol Honors Virginia Intermont College with New Scholarship
Johnson City Ranks as 9th Fastest-Growing City in 2024
Bristol, Virginia Prepares for Demolition After Fire
Additional Resources
- Knox News
- Wikipedia: Real estate
- Moody’s Analytics
- Google Search: Tennessee housing market
- WGNS Radio
- Google Scholar: Affordability housing Tennessee
- Norada Real Estate
- Encyclopedia Britannica: Home prices
- Johnson City Press
- Google News: Kingsport 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.
