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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,967 people, 1,829 houses or apartments, and a median cost of homes of $108,481, 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.
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 9.31%, which ranks in the top 40% nationwide. This equates to an annual average Jackson house appreciation rate of 0.89%.
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 2.74%, 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 2.19%, which equates to an annual appreciation rate of 9.04%.
Importantly, this makes Jackson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
|$811,001 - $1,081,000||0.0|
|$541,001 - $811,000||0.9|
|$433,001 - $541,000||0.3|
|$324,001 - $433,000||2.6|
|$216,001 - $324,000||9.2|
|$108,001 - $216,000||37.1|
|$54,001 - $108,000||31.1|
|$0 - $54,000||18.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Jackson HOMES|
|2000 or Newer||11.5|
|1970 - 1999||46.9|
|1940 - 1969||36.9|
|1939 or Older||4.7|
|TYPE OF Jackson HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Jackson HOMES|
|5 or more bedrooms||4.40|