Jackson, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jackson, GA Real Estate Data


Jackson Housing Market Information

With a population of 4,983, 1,649 total housing units (homes and apartments), and a median house value of $187,325, 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 71.24% of the city's housing units. Other types of housing that are prevalent in Jackson include duplexes, homes converted to apartments or other small apartment buildings ( 12.06%), large apartment complexes or high rise apartments ( 10.82%), and a few row houses and other attached homes ( 4.43%).

The most prevalent building size and type in Jackson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.17% owning and 55.83% renting.

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 1940-1969 ( 23.04%). A lesser amount of the housing stock also hails from before 1939 ( 18.51%). There's also some housing in Jackson built between 2000 and later ( 17.01%).

Vacant housing appears to be an issue in Jackson. Fully 15.00% 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.

Jackson Home Appreciation Rates

Real estate appreciation rates in Jackson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.27% during the period.

Appreciation rates are so strong in Jackson that despite a nationwide downturn in the housing market, Jackson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jackson appreciation rates continue to be some of the highest in America, at 7.80%, which is higher than appreciation rates in 90.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jackson. Jackson appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Jackson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$187,325

Jackson, GA HOME PRICES

Value Range
> $1,264,000 0.0
$948,001 - $1,264,000 0.0
$632,001 - $948,000 2.0
$505,001 - $632,000 1.7
$379,001 - $505,000 8.0
$253,001 - $379,000 19.1
$127,001 - $253,000 32.1
$63,001 - $127,000 29.4
$0 - $63,000 7.8

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
36.6809158517304 19.661733615222

Number Of Homes And Apartments:
1,649

Rent & Ownership

 

Average Market Rent:
$973 / per month

Homeownership Rate

Homeownership
Owners 44.17
Renters 55.83
Vacant 15.00

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 17.0
1970 - 1999 41.4
1940 - 1969 23.0
1939 or Older 18.5

Types of Homes

TYPE OF Jackson HOMES
Single-Family 71.2
Townhomes 4.4
Small Apt. Buildings 12.1
Apt. Complexes 10.8
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 0.36
1 Bedroom 8.25
2 Bedrooms 30.10
3 Bedrooms 43.35
4 Bedrooms 11.96
5 or more bedrooms 5.98

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
19.09% 1.03% 5 2
* 10 is highest

Popular Neighborhoods in Jackson

Zip Codes in Jackson, GA