Jasper, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jasper Neighborhoods Since 2000




Jasper, AL Real Estate Data

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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Jasper Housing Market Information

With 14,071 people, 5,394 houses or apartments, and a median cost of homes of $131,415, house prices in Jasper are solidly below the national average.

Single-family detached homes are the single most common housing type in Jasper, accounting for 75.30% of the city's housing units. Other types of housing that are prevalent in Jasper include mobile homes or trailers ( 9.06%), large apartment complexes or high rise apartments ( 8.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.78%).

The most prevalent building size and type in Jasper are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.71% owning and 39.29% renting.

There is a lot of housing in Jasper 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 Jasper built between 1940-1969 ( 33.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.50%). There's also some housing in Jasper built before 1939 ( 5.78%).

Vacant housing appears to be an issue in Jasper. Fully 11.65% of the housing stock is classified as vacant. Left unchecked, vacant Jasper homes and apartments can be a drag on the real estate market, holding Jasper 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.

Jasper Home Appreciation Rates

Appreciation rates for homes in Jasper have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.46%, which ranks in the top 40% nationwide. This equates to an annual average Jasper house appreciation rate of 0.63%.

NeighborhoodScout's data show that during the latest twelve months, Jasper's appreciation rate, at 4.97%, has been at or slightly above the national average. In the latest quarter, Jasper's appreciation rate has been 2.24%, which annualizes to a rate of 9.29%.

Relative to Alabama, our data show that Jasper's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jasper differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jasper - 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 Jasper real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$131,415

Jasper, AL HOME PRICES

Value Range
> $1,120,000 0.3
$841,001 - $1,120,000 0.0
$560,001 - $841,000 1.4
$448,001 - $560,000 0.7
$336,001 - $448,000 5.0
$224,001 - $336,000 13.9
$112,001 - $224,000 35.3
$56,001 - $112,000 25.3
$0 - $56,000 18.1

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
60.4543591545172 28.5

Number Of Homes And Apartments:
5,394

Jasper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
42.28% 2.04% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$884 / per month

Homeownership Rate

Homeownership
Owners 60.71
Renters 39.29
Vacant 11.65

Housing Market Details

 

Age of Homes

AGE OF Jasper HOMES
2000 or Newer 12.5
1970 - 1999 47.8
1940 - 1969 33.9
1939 or Older 5.8

Types of Homes

TYPE OF Jasper HOMES
Single-Family 75.3
Townhomes 0.5
Small Apt. Buildings 6.8
Apt. Complexes 8.4
Mobile Homes 9.1
Other 0.0

Home Size

SIZE OF Jasper HOMES
No Bedroom 0.00
1 Bedroom 5.13
2 Bedrooms 29.30
3 Bedrooms 46.78
4 Bedrooms 15.17
5 or more bedrooms 3.62