Jerseyville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jerseyville, IL 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

Jerseyville Housing Market Information

With a population of 8,469, 3,511 total housing units (homes and apartments), and a median house value of $123,349, house prices in Jerseyville are solidly below the national average.

Single-family detached homes are the single most common housing type in Jerseyville, accounting for 82.29% of the city's housing units. Other types of housing that are prevalent in Jerseyville include duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), large apartment complexes or high rise apartments ( 6.47%), and a few row houses and other attached homes ( 1.37%).

Dwellings in Jerseyville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.05% of the homes in Jerseyville have two or fewer bedrooms.

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. Jerseyville's housing was primarily built during this period, from the '40s through the '60s. A full 37.45% of the city's housing hails from this era. Other housing ages represented in Jerseyville include homes built between 1970-1999 ( 30.89%) and housing constructed before 1939 ( 20.66%). There's also some housing in Jerseyville built between 2000 and later ( 11.00%).

Jerseyville Home Appreciation Rates

Jerseyville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jerseyville during the period has been just -0.82%, which is lower than 70% of US communities.

Over the last year, Jerseyville appreciation rates have trailed the rest of the nation. In the last twelve months, Jerseyville's appreciation rate has been 1.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jerseyville were at 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Illinois, our data show that Jerseyville's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$123,349

Jerseyville, IL HOME PRICES

Value Range
> $1,019,000 0.3
$764,001 - $1,019,000 0.0
$509,001 - $764,000 1.6
$408,001 - $509,000 0.9
$306,001 - $408,000 1.9
$204,001 - $306,000 10.4
$102,001 - $204,000 44.7
$51,001 - $102,000 30.4
$0 - $51,000 9.9

Average for IL
Low for Nation

Value Relative to Nation Value Relative to State
63.6060002343842 53.9240506329114

Number Of Homes And Apartments:
3,511

Jerseyville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
16.04% 0.87% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$899 / per month

Homeownership Rate

Homeownership
Owners 68.36
Renters 31.64
Vacant 7.61

Housing Market Details

 

Age of Homes

AGE OF Jerseyville HOMES
2000 or Newer 11.0
1970 - 1999 30.9
1940 - 1969 37.4
1939 or Older 20.7

Types of Homes

TYPE OF Jerseyville HOMES
Single-Family 82.3
Townhomes 1.4
Small Apt. Buildings 8.2
Apt. Complexes 6.5
Mobile Homes 1.2
Other 0.4

Home Size

SIZE OF Jerseyville HOMES
No Bedroom 3.05
1 Bedroom 6.42
2 Bedrooms 41.58
3 Bedrooms 39.82
4 Bedrooms 7.21
5 or more bedrooms 1.92

Popular Neighborhoods in Jerseyville

Zip Codes in Jerseyville, IL