Jamestown appreciation rates and housing market information
Jamestown housing market information
With a population of 15,400, 6,567 total housing units (homes and apartments), and a median house value of $121,558, Jamestown real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Jamestown, accounting for 56.74% of the city's housing units. Other types of housing that are prevalent in Jamestown include large apartment complexes or high rise apartments (23.43%), duplexes, homes converted to apartments or other small apartment buildings (10.23%), and a few mobile homes or trailers (5.98%).
People in Jamestown primarily live in small (one, two or no bedroom) single-family detached homes. Jamestown has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Jamestown 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 Jamestown built between 1940-1969 (32.08%). A lesser amount of the housing stock also hails from before 1939 (21.95%). There's also some housing in Jamestown built between 2000 and later (4.50%).
Vacant housing appears to be an issue in Jamestown. Fully 10.89% of the housing stock is classified as vacant. Left unchecked, vacant Jamestown homes and apartments can be a drag on the real estate market, holding Jamestown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Jamestown home appreciation rates
In the last 10 years, Jamestown has experienced some of the highest home appreciation rates of any community in the nation. Jamestown real estate appreciated 45.92% over the last ten years, which is an average annual home appreciation rate of 3.85%, putting Jamestown in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jamestown 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 Jamestown that despite a nationwide downturn in the housing market, Jamestown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jamestown appreciation rates continue to be some of the highest in America, at 2.75%, which is higher than appreciation rates in 74.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jamestown. Jamestown appreciation rates in the latest quarter were at -0.03%, which equates to an annual appreciation rate of -0.12%.
Relative to North Dakota, our data show that Jamestown's latest annual appreciation rate is lower than 50% of the other cities and towns in North Dakota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jamestown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jamestown - 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 Jamestown real estate investment or home purchase decisions.