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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Jonesboro, LA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jonesboro, LA Housing Market Trends

With 4,045 people, 1,311 houses or apartments, and a median cost of homes of $153,820, house prices in Jonesboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Jonesboro, accounting for 73.85% 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 ( 17.07%), mobile homes or trailers ( 5.61%), and a few large apartment complexes or high rise apartments ( 2.51%).

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

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 46.75% of the town's housing hails from this era. Other housing ages represented in Jonesboro include homes built between 1970-1999 ( 42.03%) and housing constructed between 2000 and later ( 7.28%). There's also some housing in Jonesboro built before 1939 ( 3.94%).

Vacant housing appears to be an issue in Jonesboro. Fully 21.73% 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

Jonesboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jonesboro during the period has been just 4.60%, which is lower than 80% of US communities.

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 3.35%, 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 2.57%, which equates to an annual appreciation rate of 10.67%.

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

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

Average Home Values

Median Home Value

$153,820

Jonesboro, LA Home Prices
> $1,258,000
$944,001 - $1,258,000
$629,001 - $944,000
$503,001 - $629,000
$377,001 - $503,000
$252,001 - $377,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.0%
0.0%
0.0%
0.0%
0.7%
0.7%
5.5%
5.5%
3.1%
3.1%
16.0%
16.0%
21.0%
21.0%
35.9%
35.9%
17.8%
17.8%
0% 100.0%
% of Homes
Low

for Louisiana

Very Low

for nation

Number of Homes And Apartments:

1,311

Jonesboro Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,044 / per month

Homeownership Rate

Owners
Renters
29.8%
29.8%
70.2%
70.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
21.7%
21.7%
78.3%
78.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.3%
7.3%
42.0%
42.0%
46.7%
46.7%
3.9%
3.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.9%
73.9%
1.0%
1.0%
17.1%
17.1%
2.5%
2.5%
5.6%
5.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
10.1%
10.1%
27.6%
27.6%
56.7%
56.7%
4.7%
4.7%
0.2%
0.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Jonesboro

Popular Communities Near Jonesboro, LA

Zip Codes in Jonesboro, LA