Jackson, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jackson Neighborhoods Since 2000




Jackson, KY 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

Jackson Housing Market Information

With 2,152 people, 901 houses or apartments, and a median cost of homes of $51,814, house prices in Jackson are some of the most affordable in Kentucky as well as the nation.

Mobile homes or trailers are the single most common housing type in Jackson, accounting for 36.76% of the city's housing units. Other types of housing that are prevalent in Jackson include single-family detached homes ( 35.73%), large apartment complexes or high rise apartments ( 13.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.38%).

The most prevalent building size and type in Jackson are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 53.09% owning and 46.91% renting.

There is a lot of housing in Jackson 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 Jackson built between 1940-1969 ( 26.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.94%). There's also some housing in Jackson built before 1939 ( 7.95%).

Vacant housing appears to be an issue in Jackson. Fully 15.72% of the housing stock is classified as vacant. Left unchecked, vacant Jackson homes and apartments can be a drag on the real estate market, holding Jackson 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.

Jackson Home Appreciation Rates

Homes have actually lost value in Jackson over the last then years, as home values have seen a decline of 22.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Jackson home appreciation rates at 0.56%, which equates to an annual appreciation rate of 2.24%.

Over the last year, Jackson appreciation rates have trailed the rest of the nation. In the last twelve months, Jackson's appreciation rate has been -0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jackson were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that Jackson's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

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

Average Home Values

 

Median Home Value:
$51,814

Jackson, KY HOME PRICES

Value Range
> $964,000 0.6
$723,001 - $964,000 1.6
$482,001 - $723,000 0.0
$386,001 - $482,000 0.0
$289,001 - $386,000 1.2
$193,001 - $289,000 5.8
$96,001 - $193,000 14.6
$48,001 - $96,000 20.4
$0 - $48,000 55.9

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
99.1620766436189 95.7393483709273

Number Of Homes And Apartments:
901

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
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
-12.60% -0.78% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$706 / per month

Homeownership Rate

Homeownership
Owners 53.09
Renters 46.91
Vacant 15.72

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 13.9
1970 - 1999 51.2
1940 - 1969 26.9
1939 or Older 8.0

Types of Homes

TYPE OF Jackson HOMES
Single-Family 35.7
Townhomes 0.6
Small Apt. Buildings 13.4
Apt. Complexes 13.6
Mobile Homes 36.8
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 1.40
1 Bedroom 18.05
2 Bedrooms 28.62
3 Bedrooms 41.35
4 Bedrooms 9.92
5 or more bedrooms 0.65