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 29,568 people, 11,531 houses or apartments, and a median cost of homes of $299,913, 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 67.19% 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 ( 15.03%), large apartment complexes or high rise apartments ( 15.01%), and a few row houses and other attached homes ( 2.59%).
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 69.52% of Johnston's homes, and 55.90% 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 ( 37.27%). A lesser amount of the housing stock also hails from before 1939 ( 15.58%). There's also some housing in Johnston built between 2000 and later ( 5.62%).
Appreciation rates for homes in Johnston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 76.30%, which ranks in the top 40% nationwide. This equates to an annual average Johnston house appreciation rate of 5.83%.
NeighborhoodScout's data show that during the latest twelve months, Johnston's appreciation rate, at 14.65%, has been at or slightly above the national average. In the latest quarter, Johnston's appreciation rate has been 1.20%, which annualizes to a rate of 4.91%.
Relative to Rhode Island, our data show that Johnston's latest annual appreciation rate is higher 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.
High for Nation
Very Low for RI