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Sarah Mitchell
Compass Real Estate · ZIP 37604
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37604 ZIP Code Housing Market
$341,450median sale price
What is the 37604 housing market like right now?
The median home sale price in ZIP code 37604 is $341,450, up 5.1% year-over-year. Homes sell in an average of 47 days with 120 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 37604 ZIP code a buyer's or seller's market?
ZIP code 37604 is currently a balanced market and homes selling in about 47 days. How we determine this →
What are the latest 37604 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $341,450 |
| Median list price | $335,000 |
| Year-over-year price change | +5.1% |
| Average days on market | 47 days |
| Active inventory | 120 listings |
| Sale-to-list price ratio | 97.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 37604 zip code, located in Johnson City, TN, is currently classified as a balanced market. The median sale price stands at $341,450, representing a +5.1% change year over year. Homes in this area spend an average of 47 days on the market before going under contract. There are currently 120 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 37604 sits in the Johnson City, TN area, roughly 3 miles from downtown Johnson City. Because home prices are set street by street, this ZIP can move differently from Johnson City's citywide averages. The figures below reflect 37604 specifically — drawn from Redfin transactions, U.S. Census data for its 39,097 residents, and Zillow value estimates.
Homes sold
134
Last 12 weeks
Days on market
47
Average pace
Active listings
120
Sale-to-list
97.3%
Below asking
What is driving the 37604 housing market?
The 37604 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 97.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 37604 have increased +5.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 37604 stands at $288,417, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,493 per month. This gives a price-to-rent ratio of approximately 16.1, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 37604?
Population
39,097
Median income
$52,345/yr
Median age
35.4 years
Owner-occupied
50.3%
College grads
40.8%
Avg commute
17.46 min
What is it like living in 37604?
Zip code 37604 is home to approximately 39,097 residents. The median household income is $52,345 per year, which shapes the types of homes and amenities available in the area. With a median age of 35.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 50.3% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 40.8% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 17.46 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 37604.
Which public schools serve ZIP 37604?
7 schools tracked · 5,137 students
The largest public schools serving ZIP code 37604 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Science Hill High School
Grades 9-12 · 2,423 students
Liberty Bell Middle School
Grades 6-8 · 937 students
Woodland Elementary
Grades PK-5 · 537 students
South Side Elementary
Grades PK-5 · 442 students
Towne Acres Elementary
Grades K-5 · 394 students
Cherokee Elementary
Grades PK-5 · 354 students
Tennessee Virtual Learning Academy
Grades 3-12 · 50 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 37604
What is the median home price in 37604?
The current median sale price in 37604 is $341,450, based on recent Redfin transaction data. Prices have changed +5.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 37604 a buyer's or seller's market?
The 37604 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 37604?
Zip code 37604 has a population of approximately 39,097 residents. The median household income is $52,345 per year. About 50.3% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 37604?
Properties Incorporated provides comprehensive data for 37604 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 37604 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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