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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Jamestown, ND Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jamestown, ND Housing Market Trends

With 15,754 people, 6,730 houses or apartments, and a median cost of homes of $214,498, house prices in Jamestown are solidly below the national average.

Single-family detached homes are the single most common housing type in Jamestown, accounting for 51.93% of the city's housing units. Other types of housing that are prevalent in Jamestown include large apartment complexes or high rise apartments ( 27.94%), duplexes, homes converted to apartments or other small apartment buildings ( 11.13%), and a few mobile homes or trailers ( 5.82%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jamestown's housing was primarily built during this period, from the '40s through the '60s. A full 36.11% of the city's housing hails from this era. Other housing ages represented in Jamestown include homes built between 1970-1999 ( 35.32%) and housing constructed between 2000 and later ( 17.43%). There's also some housing in Jamestown built before 1939 ( 11.14%).

Vacant housing appears to be an issue in Jamestown. Fully 10.33% 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

Jamestown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jamestown during the period has been just 4.40%, which is lower than 80% of US communities.

Over the last year, Jamestown appreciation rates have trailed the rest of the nation. In the last twelve months, Jamestown's appreciation rate has been 2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jamestown were at 2.90%, which equates to an annual appreciation rate of 12.12%.

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 2000, to assist you in making the best Jamestown real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$214,498

Jamestown, ND Home Prices
> $1,220,000
$915,001 - $1,220,000
$610,001 - $915,000
$488,001 - $610,000
$366,001 - $488,000
$244,001 - $366,000
$122,001 - $244,000
$61,001 - $122,000
$0 - $61,000
0.2%
0.2%
0.0%
0.0%
2.2%
2.2%
2.3%
2.3%
5.4%
5.4%
26.9%
26.9%
41.1%
41.1%
13.4%
13.4%
8.5%
8.5%
0% 100.0%
% of Homes
Average

for North dakota

Average

for nation

Number of Homes And Apartments:

6,730

Jamestown Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,072 / per month

Homeownership Rate

Owners
Renters
Vacant
48.7%
48.7%
51.3%
51.3%
10.3%
10.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.4%
17.4%
35.3%
35.3%
36.1%
36.1%
11.1%
11.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.9%
51.9%
3.2%
3.2%
11.1%
11.1%
27.9%
27.9%
5.8%
5.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.6%
3.6%
13.1%
13.1%
40.7%
40.7%
25.8%
25.8%
11.4%
11.4%
5.4%
5.4%
0% 100.0%
% of Homes

Popular Communities Near Jamestown, ND

Zip Codes in Jamestown, ND