Jonesboro appreciation rates and housing market information

Jonesboro housing market information

With a population of 55,617, 24,317 total housing units (homes and apartments), and a median house value of $124,720, house prices in Jonesboro are solidly below the national average.

single-family detached homes are the single most common housing type in Jonesboro, accounting for 66.65% of the city's housing units. Other types of housing that are prevalent in Jonesboro include large apartment complexes or high rise apartments (15.53%), duplexes, homes converted to apartments, or other small apartment buildings (9.61%), mobile homes or trailers (6.30%), and a few row houses and other attached homes (1.69%).

The most prevalent building size and type in Jonesboro are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 53.19% owning, and 38.59% renting.

There is a lot of housing in Jonesboro built from 1970-1994, 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 Jonesboro built from 1940-1969 (27.85%). A lesser amount of the housing stock also hails from 1995 and later (15.62%), and some were built from 1939 and earlier (15.62%).

Jonesboro home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Jonesboro, where house values have increased just 34.65%, which is an average annual increase of 3.46%. NeighborhoodScout's data show that in the latest quarter, Jonesboro house values appreciated 0.89%, which is an annualized rate of 3.56%. This rate is lower than the appreciation rate found in 40% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Jonesboro home appreciation rates, at 2.00%, have been at or slightly above the national average. In the latest quarter, Jonesboro's appreciation rate has been 0.89%, which annualizes to a rate of 3.56%.

Relative to Arkansas, our data show that Jonesboro's latest annual appreciation rate is higher than 52% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jonesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jonesboro - 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 1990, to assist you in making the best Jonesboro real estate investment or home purchase decisions.