Jasper, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jasper Neighborhoods Since 2000




Jasper, 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

Jasper Housing Market Information

With a population of 3,762, 1,426 total housing units (homes and apartments), and a median house value of $209,915, Jasper real estate is some of the most expensive in Georgia, although Jasper home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Jasper, accounting for 57.52% of the city's housing units. Other types of housing that are prevalent in Jasper include large apartment complexes or high rise apartments ( 25.96%), duplexes, homes converted to apartments or other small apartment buildings ( 10.73%), and a few mobile homes or trailers ( 2.19%).

The most prevalent building size and type in Jasper are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.07% owning and 53.93% renting.

Jasper homes and real estate are some of the newest in America. 40.04% of Jasper's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Jasper real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.43%), and between 1940-1969 ( 28.34%).

Jasper Home Appreciation Rates

Jasper's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jasper during the period has been just -1.33%, which is lower than 70% of US communities.

Appreciation rates are so strong in Jasper that despite a nationwide downturn in the housing market, Jasper real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jasper appreciation rates continue to be some of the highest in America, at 6.64%, which is higher than appreciation rates in 78.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jasper. Jasper 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 Jasper's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$209,915

Jasper, GA HOME PRICES

Value Range
> $1,198,000 0.0
$898,001 - $1,198,000 0.0
$599,001 - $898,000 1.1
$480,001 - $599,000 2.9
$359,001 - $480,000 7.0
$239,001 - $359,000 29.5
$120,001 - $239,000 33.7
$60,001 - $120,000 12.8
$0 - $60,000 13.0

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
29.9074182585257 12.8964059196617

Number Of Homes And Apartments:
1,426

Jasper 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
14.37% 0.78% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$952 / per month

Homeownership Rate

Homeownership
Owners 46.07
Renters 53.93
Vacant 8.35

Housing Market Details

 

Age of Homes

AGE OF Jasper HOMES
2000 or Newer 40.0
1970 - 1999 31.4
1940 - 1969 28.3
1939 or Older 0.2

Types of Homes

TYPE OF Jasper HOMES
Single-Family 57.5
Townhomes 2.1
Small Apt. Buildings 10.7
Apt. Complexes 26.0
Mobile Homes 2.2
Other 1.5

Home Size

SIZE OF Jasper HOMES
No Bedroom 0.77
1 Bedroom 13.24
2 Bedrooms 31.11
3 Bedrooms 44.99
4 Bedrooms 8.16
5 or more bedrooms 1.74