Jonesboro, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jonesboro Neighborhoods Since 2000




Jonesboro, 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

Jonesboro Housing Market Information

With a population of 4,587, 1,517 total housing units (homes and apartments), and a median house value of $68,248, house prices in Jonesboro are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Jonesboro, accounting for 77.07% of the town's housing units. Other types of housing that are prevalent in Jonesboro include duplexes, homes converted to apartments or other small apartment buildings ( 9.09%), mobile homes or trailers ( 8.06%), and a few large apartment complexes or high rise apartments ( 5.58%).

People in Jonesboro primarily live in small (one, two or no bedroom) single-family detached homes. Jonesboro has a mixture of owner-occupied and renter-occupied housing.

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 51.39% of the town's housing hails from this era. Other housing ages represented in Jonesboro include homes built between 1970-1999 ( 34.45%) and housing constructed between 2000 and later ( 7.49%). There's also some housing in Jonesboro built before 1939 ( 6.66%).

Vacant housing appears to be an issue in Jonesboro. Fully 21.64% 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.

Jonesboro Home Appreciation Rates

Appreciation rates for homes in Jonesboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.83%, which ranks in the top 40% nationwide. This equates to an annual average Jonesboro house appreciation rate of 0.76%.

Over the last year, Jonesboro appreciation rates have trailed the rest of the nation. In the last twelve months, Jonesboro's appreciation rate has been -6.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jonesboro were at -0.90%, which equates to an annual appreciation rate of -3.57%.

Notably, Jonesboro's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$68,248

Jonesboro, LA HOME PRICES

Value Range
> $1,001,000 0.1
$751,001 - $1,001,000 0.4
$500,001 - $751,000 0.5
$400,001 - $500,000 0.3
$300,001 - $400,000 5.8
$200,001 - $300,000 8.6
$100,001 - $200,000 22.1
$50,001 - $100,000 28.0
$0 - $50,000 34.2

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.9187858900738 92.3344947735192

Number Of Homes And Apartments:
1,517

Jonesboro 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
48.50% 2.32% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$647 / per month

Homeownership Rate

Homeownership
Owners 41.81
Renters 58.19
Vacant 21.64

Housing Market Details

 

Age of Homes

AGE OF Jonesboro HOMES
2000 or Newer 7.5
1970 - 1999 34.5
1940 - 1969 51.4
1939 or Older 6.7

Types of Homes

TYPE OF Jonesboro HOMES
Single-Family 77.1
Townhomes 0.2
Small Apt. Buildings 9.1
Apt. Complexes 5.6
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Jonesboro HOMES
No Bedroom 0.31
1 Bedroom 10.49
2 Bedrooms 42.25
3 Bedrooms 40.55
4 Bedrooms 2.94
5 or more bedrooms 3.46

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Zip Codes in Jonesboro, LA