Jacksonville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jacksonville, NC 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

Jacksonville Housing Market Information

With a population of 67,357, 21,281 total housing units (homes and apartments), and a median house value of $147,990, Jacksonville 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 Jacksonville, accounting for 47.36% of the city's housing units. Other types of housing that are prevalent in Jacksonville include large apartment complexes or high rise apartments ( 19.11%), row houses and other attached homes ( 18.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.21%).

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 ( 35.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.05%). There's also some housing in Jacksonville built before 1939 ( 1.19%).

Vacant housing appears to be an issue in Jacksonville. Fully 10.49% of the housing stock is classified as vacant. Left unchecked, vacant Jacksonville homes and apartments can be a drag on the real estate market, holding Jacksonville 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.

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 -1.44%, which is lower than 80% of US communities.

Over the last year, Jacksonville appreciation rates have trailed the rest of the nation. In the last twelve months, Jacksonville's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jacksonville were at 2.17%, which equates to an annual appreciation rate of 8.97%.

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 lower than 50% 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:
$147,990

Jacksonville, NC HOME PRICES

Value Range
> $923,000 0.9
$692,001 - $923,000 0.1
$461,001 - $692,000 0.7
$369,001 - $461,000 0.9
$277,001 - $369,000 4.3
$185,001 - $277,000 19.5
$92,001 - $185,000 58.8
$46,001 - $92,000 10.9
$0 - $46,000 4.0

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
50.9140982069612 43.7386569872958

Number Of Homes And Apartments:
21,281

Jacksonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
50.96% 2.42% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,197 / per month

Homeownership Rate

Homeownership
Owners 29.05
Renters 70.95
Vacant 10.49

Housing Market Details

 

Age of Homes

AGE OF Jacksonville HOMES
2000 or Newer 35.4
1970 - 1999 36.3
1940 - 1969 27.0
1939 or Older 1.2

Types of Homes

TYPE OF Jacksonville HOMES
Single-Family 47.4
Townhomes 18.9
Small Apt. Buildings 12.2
Apt. Complexes 19.1
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Jacksonville HOMES
No Bedroom 0.67
1 Bedroom 6.52
2 Bedrooms 35.93
3 Bedrooms 39.17
4 Bedrooms 14.61
5 or more bedrooms 3.09