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
With a population of 4,746, 1,195 total housing units (homes and apartments), and a median house value of $92,222, house prices in Jonesboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Jonesboro, accounting for 72.26% of the city's housing units. Other types of housing that are prevalent in Jonesboro include duplexes, homes converted to apartments or other small apartment buildings ( 15.47%), large apartment complexes or high rise apartments ( 9.34%), and a few row houses and other attached homes ( 1.97%).
Renters dominate Jonesboro's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
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. Jonesboro's housing was primarily built during this period, from the '40s through the '60s. A full 50.66% of the city's housing hails from this era. Other housing ages represented in Jonesboro include homes built between 1970-1999 ( 36.42%) and housing constructed between 2000 and later ( 8.47%). There's also some housing in Jonesboro built before 1939 ( 4.45%).
Vacant housing appears to be an issue in Jonesboro. Fully 12.77% of the housing stock is classified as vacant. Left unchecked, vacant Jonesboro homes and apartments can be a drag on the real estate market, holding Jonesboro 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.
Homes have actually lost value in Jonesboro over the last then years, as home values have seen a decline of 23.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Jonesboro home appreciation rates at 1.10%, which equates to an annual appreciation rate of 4.47%.
Appreciation rates are so strong in Jonesboro that despite a nationwide downturn in the housing market, Jonesboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jonesboro appreciation rates continue to be some of the highest in America, at 9.28%, which is higher than appreciation rates in 91.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jonesboro. Jonesboro 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 Jonesboro's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jonesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jonesboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Jonesboro real estate investment or home purchase decisions.
|$973,001 - $1,297,000||0.3|
|$648,001 - $973,000||0.0|
|$519,001 - $648,000||0.0|
|$389,001 - $519,000||0.8|
|$259,001 - $389,000||5.0|
|$130,001 - $259,000||29.8|
|$64,001 - $130,000||38.3|
|$0 - $64,000||25.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Jonesboro HOMES|
|2000 or Newer||8.5|
|1970 - 1999||36.4|
|1940 - 1969||50.7|
|1939 or Older||4.5|
|TYPE OF Jonesboro HOMES|
|Small Apt. Buildings||15.5|
|SIZE OF Jonesboro HOMES|
|5 or more bedrooms||2.19|