Jamestown appreciation rates and housing market information

Jamestown housing market information

With 617 people, 290 houses or apartments, and a median cost of homes of $121,157, 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 71.72% of the borough's housing units. Other types of housing that are prevalent in Jamestown include mobile homes or trailers (13.79%), duplexes, homes converted to apartments, or other small apartment buildings (8.62%), large apartment complexes or high rise apartments (4.83%), and a few row houses and other attached homes (1.03%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Jamestown. Owner-occupied housing accounts for 66.89% of Jamestown's homes, and 60.00% have either three or four bedrooms, which is average sized relative to America.

The housing in Jamestown was primarily built before 1939 (60.69%), making the housing stock in Jamestown some of the older overall in America, although there is a range of ages of homes in Jamestown. The next most important Jamestown housing age is 1940-1969 (19.31%), followed by 1970-1994 (15.52%). There's also some housing in Jamestown built between 1995 and later (4.48%).

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 167.68% over the last ten years, which is an average annual home appreciation rate of 16.76%, 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 9.31%, which is higher than appreciation rates in 99% 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 2.58%, which equates to an annual appreciation rate of 10.32%.

Importantly, this makes Jamestown one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Jamestown's latest annual appreciation rate is higher than 100% of the other cities and towns in Pennsylvania.