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 about Scout's Real Estate Data
With a population of 5,101, 2,048 total housing units (homes and apartments), and a median house value of $438,170, Jackson real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Jackson, accounting for 52.24% of the city's housing units. Other types of housing that are prevalent in Jackson include mobile homes or trailers ( 16.47%), large apartment complexes or high rise apartments ( 14.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.54%).
People in Jackson primarily live in small (one, two or no bedroom) single-family detached homes. Jackson has a mixture of owner-occupied and renter-occupied housing.
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 2000 and later ( 23.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.68%). There's also some housing in Jackson built before 1939 ( 13.20%).
Vacant housing appears to be an issue in Jackson. Fully 10.76% 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.
In the last 10 years, Jackson has experienced some of the highest home appreciation rates of any community in the nation. Jackson real estate appreciated 109.69% over the last ten years, which is an average annual home appreciation rate of 7.69%, putting Jackson in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jackson definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 -3.20%, 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 -3.52%, which equates to an annual appreciation rate of -13.37%.
Notably, Jackson's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Jackson's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
$2,121 / per month