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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Jamestown Housing Market Information

With 15,387 people, 6,837 houses or apartments, and a median cost of homes of $144,985, 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 57.75% of the city's housing units. Other types of housing that are prevalent in Jamestown include large apartment complexes or high rise apartments ( 23.55%), duplexes, homes converted to apartments or other small apartment buildings ( 8.85%), and a few mobile homes or trailers ( 7.30%).

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 51.32% owning and 48.68% renting.

There is a lot of housing in Jamestown 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 Jamestown built between 1940-1969 ( 36.71%). A lesser amount of the housing stock also hails from before 1939 ( 13.60%). There's also some housing in Jamestown built between 2000 and later ( 11.31%).

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 46.95% over the last ten years, which is an average annual home appreciation rate of 3.92%, putting Jamestown in the top 10% 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.

Over the last year, Jamestown appreciation rates have trailed the rest of the nation. In the last twelve months, Jamestown's appreciation rate has been 0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jamestown were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to North Dakota, our data show that Jamestown's latest annual appreciation rate is lower than 80% 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:
$144,985

Jamestown, ND HOME PRICES

Value Range
> $1,111,000 0.0
$834,001 - $1,111,000 0.0
$556,001 - $834,000 0.3
$444,001 - $556,000 0.7
$333,001 - $444,000 3.6
$223,001 - $333,000 16.5
$111,001 - $223,000 42.7
$56,001 - $111,000 24.8
$0 - $56,000 11.4

Average for ND
Average for Nation

Value Relative to Nation Value Relative to State
59.0656934306569 46.4912280701754

Number Of Homes And Apartments:
6,837

Jamestown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
112.84% 4.00%
4
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$943 / per month

Homeownership Rate

Homeownership
Owners 51.32
Renters 48.68
Vacant 6.06

Housing Market Details

 

Age of Homes

AGE OF Jamestown HOMES
2000 or Newer 11.3
1970 - 1999 38.4
1940 - 1969 36.7
1939 or Older 13.6

Types of Homes

TYPE OF Jamestown HOMES
Single-Family 57.7
Townhomes 2.6
Small Apt. Buildings 8.8
Apt. Complexes 23.6
Mobile Homes 7.3
Other 0.0

Home Size

SIZE OF Jamestown HOMES
No Bedroom 1.53
1 Bedroom 12.85
2 Bedrooms 32.44
3 Bedrooms 35.00
4 Bedrooms 14.30
5 or more bedrooms 3.89