Jacksonville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jacksonville, NC Real Estate Data


Jacksonville Housing Market Information

With a population of 67,357, 21,112 total housing units (homes and apartments), and a median house value of $131,477, house prices in Jacksonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Jacksonville, accounting for 47.08% of the city's housing units. Other types of housing that are prevalent in Jacksonville include row houses and other attached homes ( 19.62%), large apartment complexes or high rise apartments ( 17.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.88%).

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

There is a lot of housing in Jacksonville 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 Jacksonville built between 2000 and later ( 33.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 28.99%). There's also some housing in Jacksonville built before 1939 ( 1.18%).

Jacksonville Home Appreciation Rates

Jacksonville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jacksonville during the period has been just -0.83%, which is lower than 70% of US communities.

Appreciation rates are so strong in Jacksonville that despite a nationwide downturn in the housing market, Jacksonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jacksonville appreciation rates continue to be some of the highest in America, at 6.04%, which is higher than appreciation rates in 74.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jacksonville. Jacksonville appreciation rates in the latest quarter were at 3.42%, which equates to an annual appreciation rate of 14.42%.

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

Relative to North Carolina, our data show that Jacksonville's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jacksonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jacksonville - 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 Jacksonville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$131,477

Jacksonville, NC HOME PRICES

Value Range
> $868,000 0.8
$651,001 - $868,000 0.1
$434,001 - $651,000 1.5
$347,001 - $434,000 0.7
$260,001 - $347,000 3.9
$173,001 - $260,000 19.0
$87,001 - $173,000 58.0
$44,001 - $87,000 10.4
$0 - $44,000 5.7

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
60.0105404930608 56.442831215971

Number Of Homes And Apartments:
21,112

Rent & Ownership

 

Average Market Rent:
$1,218 / per month

Homeownership Rate

Homeownership
Owners 28.61
Renters 71.39
Vacant 9.33

Housing Market Details

 

Age of Homes

AGE OF Jacksonville HOMES
2000 or Newer 33.1
1970 - 1999 36.7
1940 - 1969 29.0
1939 or Older 1.2

Types of Homes

TYPE OF Jacksonville HOMES
Single-Family 47.1
Townhomes 19.6
Small Apt. Buildings 11.9
Apt. Complexes 17.9
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Jacksonville HOMES
No Bedroom 0.54
1 Bedroom 6.84
2 Bedrooms 35.97
3 Bedrooms 40.37
4 Bedrooms 13.84
5 or more bedrooms 2.45

Jacksonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
52.84% 2.53% 9 6
* 10 is highest