Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 29,506 people, 11,501 houses or apartments, and a median cost of homes of $402,114, Johnston real estate values are some of the lowest in Rhode Island, although compared to real estate around the nation, Johnston homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Johnston, accounting for 67.34% of the town's housing units. Other types of housing that are prevalent in Johnston include duplexes, homes converted to apartments or other small apartment buildings ( 14.95%), large apartment complexes or high rise apartments ( 13.99%), and a few row houses and other attached homes ( 3.66%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Johnston. Owner-occupied housing accounts for 70.10% of Johnston's homes, and 59.24% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Johnston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Johnston built between 1940-1969 ( 38.97%). A lesser amount of the housing stock also hails from before 1939 ( 13.14%). There's also some housing in Johnston built between 2000 and later ( 7.03%).
In the last 10 years, Johnston has experienced some of the highest home appreciation rates of any community in the nation. Johnston real estate appreciated 119.98% over the last ten years, which is an average annual home appreciation rate of 8.20%, putting Johnston in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Johnston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Johnston that despite a nationwide downturn in the housing market, Johnston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Johnston appreciation rates continue to be some of the highest in America, at 8.61%, which is higher than appreciation rates in 76.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Johnston. Johnston appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.50%.
Importantly, this makes Johnston one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Rhode Island, our data show that Johnston's latest annual appreciation rate is lower than 50% of the other cities and towns in Rhode Island.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Johnston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Johnston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Johnston real estate investment or home purchase decisions.
$402,114
for Rhode island
for nation
11,501
$2,694 / per month