Jefferson City, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jefferson City, MO Real Estate Data


Jefferson City Housing Market Information

With a population of 43,147, 16,829 total housing units (homes and apartments), and a median house value of $148,745, Jefferson City real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Jefferson City, accounting for 62.45% of the city's housing units. Other types of housing that are prevalent in Jefferson City include large apartment complexes or high rise apartments ( 19.63%), duplexes, homes converted to apartments or other small apartment buildings ( 13.41%), and a few row houses and other attached homes ( 3.04%).

The most prevalent building size and type in Jefferson City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.86% owning and 47.14% renting.

There is a lot of housing in Jefferson City 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 Jefferson City built between 1940-1969 ( 31.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.95%). There's also some housing in Jefferson City built before 1939 ( 11.93%).

Vacant housing appears to be an issue in Jefferson City. Fully 10.25% of the housing stock is classified as vacant. Left unchecked, vacant Jefferson City homes and apartments can be a drag on the real estate market, holding Jefferson City 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.

Jefferson City Home Appreciation Rates

Appreciation rates for homes in Jefferson City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.48%, which ranks in the top 50% nationwide. This equates to an annual average Jefferson City house appreciation rate of 0.63%.

Over the last year, Jefferson City appreciation rates have trailed the rest of the nation. In the last twelve months, Jefferson City's appreciation rate has been 4.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jefferson City were at 0.00%, which equates to an annual appreciation rate of -0.01%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jefferson City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jefferson City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Jefferson City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$148,745

Jefferson City, MO HOME PRICES

Value Range
> $1,055,000 0.2
$791,001 - $1,055,000 0.4
$528,001 - $791,000 1.0
$422,001 - $528,000 2.2
$316,001 - $422,000 3.7
$211,001 - $316,000 16.3
$105,001 - $211,000 47.3
$53,001 - $105,000 23.9
$0 - $53,000 5.0

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
51.4141828189963 32.8

Number Of Homes And Apartments:
16,829

Rent & Ownership

 

Average Market Rent:
$705 / per month

Homeownership Rate

Homeownership
Owners 52.86
Renters 47.14
Vacant 10.25

Housing Market Details

 

Age of Homes

AGE OF Jefferson City HOMES
2000 or Newer 11.9
1970 - 1999 44.4
1940 - 1969 31.7
1939 or Older 11.9

Types of Homes

TYPE OF Jefferson City HOMES
Single-Family 62.5
Townhomes 3.0
Small Apt. Buildings 13.4
Apt. Complexes 19.6
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Jefferson City HOMES
No Bedroom 1.80
1 Bedroom 10.81
2 Bedrooms 30.79
3 Bedrooms 38.09
4 Bedrooms 14.65
5 or more bedrooms 3.87

Jefferson City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.43% 1.48% 3 3
* 10 is highest