Jesup, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jesup, 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

Jesup Housing Market Information

With 9,633 people, 3,190 houses or apartments, and a median cost of homes of $123,968, house prices in Jesup are solidly below the national average.

Single-family detached homes are the single most common housing type in Jesup, accounting for 73.69% of the city's housing units. Other types of housing that are prevalent in Jesup include duplexes, homes converted to apartments or other small apartment buildings ( 12.26%), large apartment complexes or high rise apartments ( 9.77%), and a few mobile homes or trailers ( 4.15%).

The most prevalent building size and type in Jesup are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.95% owning and 58.05% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jesup's housing was primarily built during this period, from the '40s through the '60s. A full 36.84% of the city's housing hails from this era. Other housing ages represented in Jesup include homes built between 1970-1999 ( 33.58%) and housing constructed between 2000 and later ( 17.50%). There's also some housing in Jesup built before 1939 ( 12.08%).

Vacant housing appears to be an issue in Jesup. Fully 19.22% of the housing stock is classified as vacant. Left unchecked, vacant Jesup homes and apartments can be a drag on the real estate market, holding Jesup 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.

Jesup Home Appreciation Rates

Appreciation rates for homes in Jesup have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.03%, which ranks in the top 50% nationwide. This equates to an annual average Jesup house appreciation rate of 0.30%.

Over the last year, Jesup appreciation rates have trailed the rest of the nation. In the last twelve months, Jesup's appreciation rate has been 1.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jesup were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$123,968

Jesup, GA HOME PRICES

Value Range
> $1,030,000 0.2
$773,001 - $1,030,000 0.1
$516,001 - $773,000 0.4
$412,001 - $516,000 0.4
$309,001 - $412,000 1.2
$206,001 - $309,000 11.5
$103,001 - $206,000 38.1
$52,001 - $103,000 34.4
$0 - $52,000 13.8

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
63.1489511309036 49.0486257928118

Number Of Homes And Apartments:
3,190

Jesup 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
39.16% 1.93% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$759 / per month

Homeownership Rate

Homeownership
Owners 41.95
Renters 58.05
Vacant 19.22

Housing Market Details

 

Age of Homes

AGE OF Jesup HOMES
2000 or Newer 17.5
1970 - 1999 33.6
1940 - 1969 36.8
1939 or Older 12.1

Types of Homes

TYPE OF Jesup HOMES
Single-Family 73.7
Townhomes 0.1
Small Apt. Buildings 12.3
Apt. Complexes 9.8
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Jesup HOMES
No Bedroom 0.00
1 Bedroom 6.48
2 Bedrooms 31.55
3 Bedrooms 52.09
4 Bedrooms 7.88
5 or more bedrooms 2.00

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Zip Codes in Jesup, GA