Jonesville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jonesville Neighborhoods Since 2000




Jonesville, MI 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 2,220 people, 892 houses or apartments, and a median cost of homes of $107,305, house prices in Jonesville are solidly below the national average.

Single-family detached homes are the single most common housing type in Jonesville, accounting for 68.05% of the village's housing units. Other types of housing that are prevalent in Jonesville include mobile homes or trailers ( 14.05%), large apartment complexes or high rise apartments ( 10.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jonesville. Owner-occupied housing accounts for 70.83% of Jonesville's homes, and 55.31% have either three or four bedrooms, which is average sized relative to America.

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 before 1939 ( 30.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.40%). There's also some housing in Jonesville built between 2000 and later ( 8.29%).

Jonesville Home Appreciation Rates

Real estate appreciation rates in Jonesville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.41% during the period.

Appreciation rates are so strong in Jonesville that despite a nationwide downturn in the housing market, Jonesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jonesville appreciation rates continue to be some of the highest in America, at 8.56%, which is higher than appreciation rates in 89.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jonesville. Jonesville appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Jonesville's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$107,305

Jonesville, MI HOME PRICES

Value Range
> $1,221,000 0.0
$915,001 - $1,221,000 0.0
$611,001 - $915,000 0.6
$488,001 - $611,000 1.1
$366,001 - $488,000 0.5
$244,001 - $366,000 5.8
$122,001 - $244,000 33.1
$61,001 - $122,000 38.2
$0 - $61,000 20.7

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
72.963787647955 69.8717948717949

Number Of Homes And Apartments:
892

Jonesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
6.15% 0.35% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$841 / per month

Homeownership Rate

Homeownership
Owners 70.83
Renters 29.17
Vacant 9.81

Housing Market Details

 

Age of Homes

AGE OF Jonesville HOMES
2000 or Newer 8.3
1970 - 1999 34.2
1940 - 1969 27.4
1939 or Older 30.1

Types of Homes

TYPE OF Jonesville HOMES
Single-Family 68.0
Townhomes 0.5
Small Apt. Buildings 6.9
Apt. Complexes 10.5
Mobile Homes 14.1
Other 0.0

Home Size

SIZE OF Jonesville HOMES
No Bedroom 0.71
1 Bedroom 9.30
2 Bedrooms 29.83
3 Bedrooms 34.68
4 Bedrooms 20.63
5 or more bedrooms 4.85

Popular Neighborhoods in Jonesville

Zip Codes in Jonesville, MI