Jamestown ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Jamestown, ND 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Jamestown Housing Market Information

With 15,226 people, 6,697 houses or apartments, and a median cost of homes of $159,527, house prices in Jamestown are solidly below the national average.

Single-family detached homes are the single most common housing type in Jamestown, accounting for 58.46% of the city's housing units. Other types of housing that are prevalent in Jamestown include large apartment complexes or high rise apartments ( 23.21%), duplexes, homes converted to apartments or other small apartment buildings ( 8.00%), and a few mobile homes or trailers ( 7.28%).

The most prevalent building size and type in Jamestown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.78% owning and 49.22% renting.

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. Jamestown's housing was primarily built during this period, from the '40s through the '60s. A full 38.44% of the city's housing hails from this era. Other housing ages represented in Jamestown include homes built between 1970-1999 ( 35.84%) and housing constructed before 1939 ( 14.59%). There's also some housing in Jamestown built between 2000 and later ( 11.14%).

Jamestown Home Appreciation Rates

In the last 10 years, Jamestown has experienced some of the highest home appreciation rates of any community in the nation. Jamestown real estate appreciated 52.81% over the last ten years, which is an average annual home appreciation rate of 4.33%, putting Jamestown in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jamestown definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Jamestown that despite a nationwide downturn in the housing market, Jamestown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jamestown appreciation rates continue to be some of the highest in America, at 5.85%, which is higher than appreciation rates in 83.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jamestown. Jamestown appreciation rates in the latest quarter were at -1.35%, which equates to an annual appreciation rate of -5.31%.

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

Relative to North Dakota, our data show that Jamestown's latest annual appreciation rate is higher than 50% of the other cities and towns in North Dakota.

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

Average Home Values

 

Median Home Value:
$159,527

Jamestown, ND HOME PRICES

Value Range
> $1,105,000 0.3
$829,001 - $1,105,000 0.0
$553,001 - $829,000 0.2
$442,001 - $553,000 2.1
$332,001 - $442,000 6.7
$221,001 - $332,000 20.7
$111,001 - $221,000 39.4
$55,001 - $111,000 22.0
$0 - $55,000 8.6

Average for ND
Average for Nation

Value Relative to Nation Value Relative to State
55.0248175182482 43.859649122807

Number Of Homes And Apartments:
6,697

Jamestown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
123.07% 4.09%
3
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 50.78
Renters 49.22
Vacant 8.36

Housing Market Details

 

Age of Homes

AGE OF Jamestown HOMES
2000 or Newer 11.1
1970 - 1999 35.8
1940 - 1969 38.4
1939 or Older 14.6

Types of Homes

TYPE OF Jamestown HOMES
Single-Family 58.5
Townhomes 3.1
Small Apt. Buildings 8.0
Apt. Complexes 23.2
Mobile Homes 7.3
Other 0.0

Home Size

SIZE OF Jamestown HOMES
No Bedroom 1.63
1 Bedroom 12.45
2 Bedrooms 32.77
3 Bedrooms 34.20
4 Bedrooms 14.24
5 or more bedrooms 4.71