Jonesboro, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jonesboro Neighborhoods Since 2000




Jonesboro, 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

Jonesboro Housing Market Information

With a population of 73,907, 27,335 total housing units (homes and apartments), and a median house value of $132,049, house prices in Jonesboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Jonesboro, accounting for 65.99% of the city's housing units. Other types of housing that are prevalent in Jonesboro include large apartment complexes or high rise apartments ( 16.32%), duplexes, homes converted to apartments or other small apartment buildings ( 12.15%), and a few mobile homes or trailers ( 3.53%).

The most prevalent building size and type in Jonesboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.71% owning and 49.29% renting.

There is a lot of housing in Jonesboro 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 Jonesboro built between 2000 and later ( 27.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.45%). There's also some housing in Jonesboro built before 1939 ( 3.36%).

Jonesboro Home Appreciation Rates

Appreciation rates for homes in Jonesboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.94%, which ranks in the top 30% nationwide. This equates to an annual average Jonesboro house appreciation rate of 0.95%.

NeighborhoodScout's data show that during the latest twelve months, Jonesboro's appreciation rate, at 3.67%, has been at or slightly above the national average. In the latest quarter, Jonesboro's appreciation rate has been 0.39%, which annualizes to a rate of 1.56%.

Relative to Arkansas, our data show that Jonesboro'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 Jonesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jonesboro - 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 Jonesboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$132,049

Jonesboro, AR HOME PRICES

Value Range
> $1,070,000 0.9
$803,001 - $1,070,000 0.9
$535,001 - $803,000 1.0
$428,001 - $535,000 1.4
$321,001 - $428,000 4.3
$214,001 - $321,000 12.0
$107,001 - $214,000 39.9
$54,001 - $107,000 31.1
$0 - $54,000 8.5

High for AR
Average for Nation

Value Relative to Nation Value Relative to State
58.7835462322747 21.830985915493

Number Of Homes And Apartments:
27,335

Jonesboro 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
27.04% 1.40% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$931 / per month

Homeownership Rate

Homeownership
Owners 50.71
Renters 49.29
Vacant 8.95

Housing Market Details

 

Age of Homes

AGE OF Jonesboro HOMES
2000 or Newer 27.7
1970 - 1999 53.5
1940 - 1969 15.4
1939 or Older 3.4

Types of Homes

TYPE OF Jonesboro HOMES
Single-Family 66.0
Townhomes 2.0
Small Apt. Buildings 12.1
Apt. Complexes 16.3
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Jonesboro HOMES
No Bedroom 1.40
1 Bedroom 9.61
2 Bedrooms 27.01
3 Bedrooms 47.20
4 Bedrooms 12.35
5 or more bedrooms 2.43