🏡 Real Estate Market

• Inventory & Prices

  • As of May 2025, Kingsport had 492 homes for sale, a 4.9% increase from April 2025 raymondjames.com+15rocket.com+15johnsoncityhomeguide.com+15.

  • The median listing price in April 2025 was $290K, down 3.7% YoY, while the median sold price sat around $249.9K realtor.com.

  • Redfin records note a median sale price of $293K in May 2025—a +8.1% YoY rise; homes sell in approximately 49 days, down from 58 last year redfin.com.

• Buying Trends

  • About 57% of homes sold below asking price—potential leverage for buyers rocket.com.

  • The market is categorized as “somewhat competitive”, with sale-to-list ratios near 97.5–98.4% realtor.com.

• Stock & Vacancy

  • Approximately 10.4% of housing units are vacant; much of the stock dates from 1940–1969 (~37%), with ~17% built post‑2000 neighborhoodscout.com.

• Forecasts

  • Workspace model WalletInvestor pegs the median at ~$166K (May 2025), forecasting a rise to ~$172K in a year and $192K by 2030—but caution that short-term returns may be limited walletinvestor.com+1noradarealestate.com+1.

  • Eastern Tennessee outlooks suggest steady—but slower—growth through 2026 agwebv01.ag.utk.edu+15noradarealestate.com+15city-data.com+15.

📊 Economic & Business Climate

• Industry & Employment

  • Major employers include Eastman Chemical, Domtar, BAE Systems, Ballad Health, and Kingsport City Schools youtube.com+11en.wikipedia.org+11en.wikipedia.org+11.

  • The Kingsport–Bristol MSA shows stable employment figures (circa 1.8K jobs, 0.6% unemployment) bls.gov.

• Development & Expansion

  • The city reports ongoing growth across residential, commercial, industrial, and services sectors, including new housing developments (Field Crest, Groceclose, Brickyard, Magnolia Ridge) totaling ~2,000+ units since 2020 kingsporttn.gov.

  • A 160‑acre industrial park is in progress on the former Holston Army Ammunition site kingsporttn.gov+1en.wikipedia.org+1.

  • The Kingsport Economic Development Board highlights tax advantages (no income tax), affordable living (≈ 21% below U.S. avg. cost-of-living), and available industrial/commercial real estate rocket.com+15kingsportecondev.org+15walletinvestor.com+15.

• Small Business & SME Support

  • The local Tennessee Small Business Development Center offers consulting in planning, research, and finance en.wikipedia.org+4en.wikipedia.org+4agwebv01.ag.utk.edu+4connexionsolutions.com.

• Strategic Planning

  • The 2024 CEDS (Comprehensive Economic Development Strategy) includes SWOT, workforce, housing, and resilience planning—available commercially .

💼 Notable Amenities & Infrastructure

• Tri‑Cities Regional Airport (TRI) offers ~454,000 annual passengers and strong connectivity to major hubs, including Charlotte en.wikipedia.org.

• Bays Mountain Park & Planetarium spans 3,750 acres of outdoor recreation en.wikipedia.org.

• Fort Henry Mall (15+ stores, 3 anchors) is the regional shopping hub kingsporttn.gov+2en.wikipedia.org+2kingsportecondev.org+2.

🔗 Clickable References

• Rocket Homes: May 2025 Housing Report smokymountaininvestment.com+7rocket.com+7redfin.com+7

• Realtor.com: April 2025 Market Overview johnsoncityhomeguide.com+6realtor.com+6smokymountaininvestment.com+6

• Redfin: May 2025 Home Trends redfin.com

• City of Kingsport News: Growth Sectors & Developments kingsporttn.gov+1kingsporttn.gov+1

• Kingsport Economic Development Board kingsportecondev.org

• WalletInvestor: Housing Forecast walletinvestor.com

• Norada Real Estate: TN Market Trends noradarealestate.com

✅ Summary Takeaways

1. Real estate: Moderate competition, with slight supply growth and prices rising ~8% YoY; opportunities for savvy buyers (many homes under asking).

2. Economy: Anchored by strong manufacturing and health sectors, with stable employment and low unemployment.

3. Development: Robust momentum in housing, industrial expansions, and business-friendly incentives.

4. Outlook: Continued growth projected, though at a more stable pace than during the pandemic boom.

5. Risks: Elevated vacancy rates may suppress prices; mixed forecast signals—due diligence recommended for investors.