Jackson, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jackson, AL Real Estate Data


Jackson Housing Market Information

With 4,967 people, 1,829 houses or apartments, and a median cost of homes of $105,344, house prices in Jackson are solidly below the national average.

Single-family detached homes are the single most common housing type in Jackson, accounting for 73.13% of the city's housing units. Other types of housing that are prevalent in Jackson include mobile homes or trailers ( 10.42%), large apartment complexes or high rise apartments ( 8.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.87%).

The most prevalent building size and type in Jackson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.34% owning and 36.66% renting.

There is a lot of housing in Jackson 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 Jackson built between 1940-1969 ( 36.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.52%). There's also some housing in Jackson built before 1939 ( 4.71%).

Vacant housing appears to be an issue in Jackson. Fully 19.57% of the housing stock is classified as vacant. Left unchecked, vacant Jackson homes and apartments can be a drag on the real estate market, holding Jackson 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.

Jackson Home Appreciation Rates

Appreciation rates for homes in Jackson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.05%, which ranks in the top 40% nationwide. This equates to an annual average Jackson house appreciation rate of 0.78%.

Over the last year, Jackson appreciation rates have trailed the rest of the nation. In the last twelve months, Jackson's appreciation rate has been 2.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jackson were at -0.09%, which equates to an annual appreciation rate of -0.36%.

Relative to Alabama, our data show that Jackson's latest annual appreciation rate is lower than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$105,344

Jackson, AL HOME PRICES

Value Range
> $1,050,000 0.0
$787,001 - $1,050,000 0.0
$525,001 - $787,000 0.9
$420,001 - $525,000 0.3
$315,001 - $420,000 2.6
$210,001 - $315,000 9.2
$105,001 - $210,000 37.1
$53,001 - $105,000 31.1
$0 - $53,000 18.8

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
73.9716395171686 50.0

Number Of Homes And Apartments:
1,829

Rent & Ownership

 

Average Market Rent:
$792 / per month

Homeownership Rate

Homeownership
Owners 63.34
Renters 36.66
Vacant 19.57

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 11.5
1970 - 1999 46.9
1940 - 1969 36.9
1939 or Older 4.7

Types of Homes

TYPE OF Jackson HOMES
Single-Family 73.1
Townhomes 0.0
Small Apt. Buildings 7.9
Apt. Complexes 8.6
Mobile Homes 10.4
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 0.00
1 Bedroom 4.71
2 Bedrooms 23.48
3 Bedrooms 53.69
4 Bedrooms 13.72
5 or more bedrooms 4.40

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
40.52% 1.99% 8 5
* 10 is highest

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Zip Codes in Jackson, AL