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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Jacksonville Housing Market Information

With a population of 28,513, 9,814 total housing units (homes and apartments), and a median house value of $118,692, 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 65.86% of the city's housing units. Other types of housing that are prevalent in Jacksonville include duplexes, homes converted to apartments or other small apartment buildings ( 13.47%), large apartment complexes or high rise apartments ( 8.45%), and a few mobile homes or trailers ( 7.54%).

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 50.63% owning and 49.37% 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 ( 25.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.30%). There's also some housing in Jacksonville built before 1939 ( 1.24%).

Vacant housing appears to be an issue in Jacksonville. Fully 15.68% 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

Jacksonville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jacksonville during the period has been just 0.27%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Jacksonville's appreciation rate, at 4.80%, has been at or slightly above the national average. In the latest quarter, Jacksonville's appreciation rate has been 2.54%, which annualizes to a rate of 10.56%.

Importantly, NeighborhoodScout’s exclusive research found that Jacksonville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Arkansas, our data show that Jacksonville's latest annual appreciation rate is higher than 60% 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:
$118,692

Jacksonville, AR HOME PRICES

Value Range
> $1,079,000 0.0
$809,001 - $1,079,000 0.0
$540,001 - $809,000 0.0
$431,001 - $540,000 0.4
$324,001 - $431,000 0.8
$216,001 - $324,000 9.9
$108,001 - $216,000 50.7
$54,001 - $108,000 29.7
$0 - $54,000 8.6

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
72.3912408759124 36.140350877193

Number Of Homes And Apartments:
9,814

Jacksonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
39.30% 1.74%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$904 / per month

Homeownership Rate

Homeownership
Owners 50.63
Renters 49.37
Vacant 15.68

Housing Market Details

 

Age of Homes

AGE OF Jacksonville HOMES
2000 or Newer 17.3
1970 - 1999 56.3
1940 - 1969 25.2
1939 or Older 1.2

Types of Homes

TYPE OF Jacksonville HOMES
Single-Family 65.9
Townhomes 4.7
Small Apt. Buildings 13.5
Apt. Complexes 8.5
Mobile Homes 7.5
Other 0.0

Home Size

SIZE OF Jacksonville HOMES
No Bedroom 0.71
1 Bedroom 7.67
2 Bedrooms 21.38
3 Bedrooms 55.61
4 Bedrooms 13.69
5 or more bedrooms 0.94