Jeffersonville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jeffersonville Neighborhoods Since 2000




Jeffersonville, IN 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

Jeffersonville Housing Market Information

With a population of 46,960, 17,699 total housing units (homes and apartments), and a median house value of $135,852, house prices in Jeffersonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Jeffersonville, accounting for 69.52% of the city's housing units. Other types of housing that are prevalent in Jeffersonville include large apartment complexes or high rise apartments ( 15.09%), duplexes, homes converted to apartments or other small apartment buildings ( 7.87%), and a few row houses and other attached homes ( 5.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jeffersonville. Owner-occupied housing accounts for 68.37% of Jeffersonville's homes, and 62.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jeffersonville 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 Jeffersonville built between 1940-1969 ( 29.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.63%). There's also some housing in Jeffersonville built before 1939 ( 7.60%).

Vacant housing appears to be an issue in Jeffersonville. Fully 13.33% of the housing stock is classified as vacant. Left unchecked, vacant Jeffersonville homes and apartments can be a drag on the real estate market, holding Jeffersonville 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.

Jeffersonville Home Appreciation Rates

Appreciation rates for homes in Jeffersonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.63%, which ranks in the top 50% nationwide. This equates to an annual average Jeffersonville house appreciation rate of 0.16%.

Appreciation rates are so strong in Jeffersonville that despite a nationwide downturn in the housing market, Jeffersonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jeffersonville appreciation rates continue to be some of the highest in America, at 5.78%, which is higher than appreciation rates in 72.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jeffersonville. Jeffersonville appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.95%.

Importantly, this makes Jeffersonville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jeffersonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jeffersonville - 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 Jeffersonville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$135,852

Jeffersonville, IN HOME PRICES

Value Range
> $1,115,000 0.4
$836,001 - $1,115,000 0.1
$557,001 - $836,000 0.6
$446,001 - $557,000 1.0
$334,001 - $446,000 1.7
$223,001 - $334,000 8.1
$111,001 - $223,000 52.5
$56,001 - $111,000 29.7
$0 - $56,000 6.0

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
56.7502636821751 38.6877828054299

Number Of Homes And Apartments:
17,699

Jeffersonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
21.16% 1.12% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,020 / per month

Homeownership Rate

Homeownership
Owners 68.37
Renters 31.63
Vacant 13.33

Housing Market Details

 

Age of Homes

AGE OF Jeffersonville HOMES
2000 or Newer 19.6
1970 - 1999 43.7
1940 - 1969 29.0
1939 or Older 7.6

Types of Homes

TYPE OF Jeffersonville HOMES
Single-Family 69.5
Townhomes 5.2
Small Apt. Buildings 7.9
Apt. Complexes 15.1
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Jeffersonville HOMES
No Bedroom 0.80
1 Bedroom 10.76
2 Bedrooms 24.37
3 Bedrooms 49.79
4 Bedrooms 12.54
5 or more bedrooms 1.74