Jonesville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jonesville Neighborhoods Since 2000




Jonesville, 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

Jonesville Housing Market Information

With 2,181 people, 845 houses or apartments, and a median cost of homes of $73,912, house prices in Jonesville 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 Jonesville, accounting for 66.67% of the town's housing units. Other types of housing that are prevalent in Jonesville include mobile homes or trailers ( 21.18%), duplexes, homes converted to apartments or other small apartment buildings ( 9.55%), and a few row houses and other attached homes ( 1.56%).

The most prevalent building size and type in Jonesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.96% owning and 39.04% renting.

There is a lot of housing in Jonesville 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 Jonesville built between 1940-1969 ( 29.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.15%). There's also some housing in Jonesville built before 1939 ( 7.37%).

Vacant housing appears to be an issue in Jonesville. Fully 12.25% of the housing stock is classified as vacant. Left unchecked, vacant Jonesville homes and apartments can be a drag on the real estate market, holding Jonesville 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.

Jonesville Home Appreciation Rates

In the last 10 years, Jonesville has experienced some of the highest home appreciation rates of any community in the nation. Jonesville real estate appreciated 25.58% over the last ten years, which is an average annual home appreciation rate of 2.30%, putting Jonesville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jonesville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Jonesville appreciation rates have trailed the rest of the nation. In the last twelve months, Jonesville's appreciation rate has been 1.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jonesville were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that Jonesville's latest annual appreciation rate is lower than 50% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$73,912

Jonesville, LA HOME PRICES

Value Range
> $1,095,000 0.0
$821,001 - $1,095,000 0.0
$547,001 - $821,000 0.0
$438,001 - $547,000 0.0
$328,001 - $438,000 5.1
$219,001 - $328,000 4.8
$109,001 - $219,000 20.4
$54,001 - $109,000 33.4
$0 - $54,000 36.3

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
93.6481893823977 88.8501742160279

Number Of Homes And Apartments:
845

Jonesville 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
92.04% 3.86% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$584 / per month

Homeownership Rate

Homeownership
Owners 60.96
Renters 39.04
Vacant 12.25

Housing Market Details

 

Age of Homes

AGE OF Jonesville HOMES
2000 or Newer 12.1
1970 - 1999 50.7
1940 - 1969 29.8
1939 or Older 7.4

Types of Homes

TYPE OF Jonesville HOMES
Single-Family 66.7
Townhomes 1.6
Small Apt. Buildings 9.6
Apt. Complexes 1.0
Mobile Homes 21.2
Other 0.0

Home Size

SIZE OF Jonesville HOMES
No Bedroom 4.36
1 Bedroom 3.22
2 Bedrooms 33.85
3 Bedrooms 38.21
4 Bedrooms 17.45
5 or more bedrooms 2.91

Popular Neighborhoods in Jonesville

Popular Communities Near Jonesville, LA

Zip Codes in Jonesville, LA