Jackson, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jackson, GA 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

Jackson Housing Market Information

With 4,983 people, 1,715 houses or apartments, and a median cost of homes of $177,083, 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 73.28% 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 ( 13.43%), large apartment complexes or high rise apartments ( 10.83%), and a few mobile homes or trailers ( 1.30%).

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 48.77% owning and 51.23% 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 before 1939 ( 20.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.35%). There's also some housing in Jackson built between 1940-1969 ( 17.74%).

Vacant housing appears to be an issue in Jackson. Fully 14.04% 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 -0.44% 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 5.80%, which is higher than appreciation rates in 72.34% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Jackson's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$177,083

Jackson, GA HOME PRICES

Value Range
> $1,219,000 0.2
$914,001 - $1,219,000 0.0
$609,001 - $914,000 0.9
$487,001 - $609,000 2.5
$365,001 - $487,000 6.8
$244,001 - $365,000 20.9
$122,001 - $244,000 32.6
$61,001 - $122,000 29.9
$0 - $61,000 6.1

High for GA
High for Nation

Value Relative to Nation Value Relative to State
39.148013594281 21.1416490486258

Number Of Homes And Apartments:
1,715

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
11.01% 0.61% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$941 / per month

Homeownership Rate

Homeownership
Owners 48.77
Renters 51.23
Vacant 14.04

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 18.3
1970 - 1999 43.5
1940 - 1969 17.7
1939 or Older 20.4

Types of Homes

TYPE OF Jackson HOMES
Single-Family 73.3
Townhomes 1.2
Small Apt. Buildings 13.4
Apt. Complexes 10.8
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 1.10
1 Bedroom 10.43
2 Bedrooms 32.18
3 Bedrooms 43.11
4 Bedrooms 8.12
5 or more bedrooms 5.06

Popular Neighborhoods in Jackson

Zip Codes in Jackson, GA