Jackson, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jackson, LA 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 3,788 people, 551 houses or apartments, and a median cost of homes of $123,151, house prices in Jackson are solidly below the national average.

Single-family detached homes are the single most common housing type in Jackson, accounting for 51.40% of the town's housing units. Other types of housing that are prevalent in Jackson include mobile homes or trailers ( 34.36%), duplexes, homes converted to apartments or other small apartment buildings ( 11.03%), and a few large apartment complexes or high rise apartments ( 2.51%).

Renters dominate Jackson's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 ( 20.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.20%). There's also some housing in Jackson built before 1939 ( 11.03%).

Vacant housing appears to be an issue in Jackson. Fully 23.04% 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

Appreciation rates for homes in Jackson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.34%, which ranks in the top 30% nationwide. This equates to an annual average Jackson house appreciation rate of 0.99%.

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 0.15%, 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 0.12%, which equates to an annual appreciation rate of 0.50%.

Relative to Louisiana, our data show that Jackson's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$123,151

Jackson, LA HOME PRICES

Value Range
> $1,045,000 2.8
$784,001 - $1,045,000 0.1
$523,001 - $784,000 1.9
$418,001 - $523,000 0.3
$314,001 - $418,000 10.6
$209,001 - $314,000 13.7
$105,001 - $209,000 20.3
$52,001 - $105,000 22.7
$0 - $52,000 27.7

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
63.7114731044181 41.1149825783972

Number Of Homes And Apartments:
551

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
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
43.73% 2.13% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$885 / per month

Homeownership Rate

Homeownership
Owners 19.61
Renters 80.39
Vacant 23.04

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 16.2
1970 - 1999 52.0
1940 - 1969 20.8
1939 or Older 11.0

Types of Homes

TYPE OF Jackson HOMES
Single-Family 51.4
Townhomes 0.7
Small Apt. Buildings 11.0
Apt. Complexes 2.5
Mobile Homes 34.4
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 0.00
1 Bedroom 10.06
2 Bedrooms 35.89
3 Bedrooms 48.04
4 Bedrooms 6.01
5 or more bedrooms 0.00

Popular Neighborhoods in Jackson

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Zip Codes in Jackson, LA