Jennings, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jennings Neighborhoods Since 2000




Jennings, MO 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

Jennings Housing Market Information

With 14,819 people, 5,935 houses or apartments, and a median cost of homes of $59,967, house prices in Jennings are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Jennings, accounting for 82.04% of the city's housing units. Other types of housing that are prevalent in Jennings include large apartment complexes or high rise apartments ( 8.83%), duplexes, homes converted to apartments or other small apartment buildings ( 5.04%), and a few row houses and other attached homes ( 3.61%).

People in Jennings primarily live in small (one, two or no bedroom) single-family detached homes. Jennings 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. Jennings's housing was primarily built during this period, from the '40s through the '60s. A full 72.96% of the city's housing hails from this era. Other housing ages represented in Jennings include homes built between 1970-1999 ( 10.56%) and housing constructed before 1939 ( 9.97%). There's also some housing in Jennings built between 2000 and later ( 6.51%).

Vacant housing appears to be an issue in Jennings. Fully 19.14% of the housing stock is classified as vacant. Left unchecked, vacant Jennings homes and apartments can be a drag on the real estate market, holding Jennings 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.

Jennings Home Appreciation Rates

Homes have actually lost value in Jennings over the last then years, as home values have seen a decline of 36.61% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Jennings home appreciation rates at 1.03%, which equates to an annual appreciation rate of 4.19%.

Over the last year, Jennings appreciation rates have trailed the rest of the nation. In the last twelve months, Jennings's appreciation rate has been -4.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jennings were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$59,967

Jennings, MO HOME PRICES

Value Range
> $946,000 0.0
$710,001 - $946,000 0.0
$473,001 - $710,000 1.2
$378,001 - $473,000 0.0
$284,001 - $378,000 0.0
$189,001 - $284,000 0.0
$95,001 - $189,000 10.4
$47,001 - $95,000 55.6
$0 - $47,000 32.9

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
98.0428923004805 98.2

Number Of Homes And Apartments:
5,935

Jennings Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
-15.07% -0.94% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,078 / per month

Homeownership Rate

Homeownership
Owners 52.13
Renters 47.87
Vacant 19.14

Housing Market Details

 

Age of Homes

AGE OF Jennings HOMES
2000 or Newer 6.5
1970 - 1999 10.6
1940 - 1969 73.0
1939 or Older 10.0

Types of Homes

TYPE OF Jennings HOMES
Single-Family 82.0
Townhomes 3.6
Small Apt. Buildings 5.0
Apt. Complexes 8.8
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Jennings HOMES
No Bedroom 2.75
1 Bedroom 10.65
2 Bedrooms 48.69
3 Bedrooms 29.24
4 Bedrooms 7.25
5 or more bedrooms 1.42