Jacksonville, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jacksonville, AR 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 Q1 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

Jacksonville Housing Market Information

With 28,643 people, 10,207 houses or apartments, and a median cost of homes of $117,006, house prices in Jacksonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Jacksonville, accounting for 65.24% of the city's housing units. Other types of housing that are prevalent in Jacksonville include large apartment complexes or high rise apartments ( 10.74%), duplexes, homes converted to apartments or other small apartment buildings ( 10.45%), and a few mobile homes or trailers ( 8.31%).

The most prevalent building size and type in Jacksonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.80% owning and 48.20% renting.

There is a lot of housing in Jacksonville 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 Jacksonville built between 1940-1969 ( 25.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.58%). There's also some housing in Jacksonville built before 1939 ( 1.05%).

Vacant housing appears to be an issue in Jacksonville. Fully 14.93% of the housing stock is classified as vacant. Left unchecked, vacant Jacksonville homes and apartments can be a drag on the real estate market, holding Jacksonville 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.

Jacksonville Home Appreciation Rates

Real estate appreciation rates in Jacksonville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.29% during the period.

Over the last year, Jacksonville appreciation rates have trailed the rest of the nation. In the last twelve months, Jacksonville's appreciation rate has been -1.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jacksonville were at -1.17%, which equates to an annual appreciation rate of -4.59%.

Notably, Jacksonville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Jacksonville's latest annual appreciation rate is lower than 90% of the other cities and towns in Arkansas.

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

Average Home Values

 

Median Home Value:
$117,006

Jacksonville, AR HOME PRICES

Value Range
> $998,000 0.1
$749,001 - $998,000 0.2
$499,001 - $749,000 0.1
$399,001 - $499,000 0.2
$300,001 - $399,000 0.4
$199,001 - $300,000 4.9
$100,001 - $199,000 48.2
$50,001 - $100,000 37.3
$0 - $50,000 8.8

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
67.1686393999766 28.169014084507

Number Of Homes And Apartments:
10,207

Jacksonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.28% 1.45% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$874 / per month

Homeownership Rate

Homeownership
Owners 51.80
Renters 48.20
Vacant 14.93

Housing Market Details

 

Age of Homes

AGE OF Jacksonville HOMES
2000 or Newer 17.6
1970 - 1999 56.2
1940 - 1969 25.2
1939 or Older 1.1

Types of Homes

TYPE OF Jacksonville HOMES
Single-Family 65.2
Townhomes 5.2
Small Apt. Buildings 10.5
Apt. Complexes 10.7
Mobile Homes 8.3
Other 0.1

Home Size

SIZE OF Jacksonville HOMES
No Bedroom 0.63
1 Bedroom 7.38
2 Bedrooms 23.24
3 Bedrooms 55.43
4 Bedrooms 12.64
5 or more bedrooms 0.67