Jamestown, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jamestown Neighborhoods Since 2000




Jamestown, NY 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

Jamestown Housing Market Information

With 30,075 people, 12,935 houses or apartments, and a median cost of homes of $63,624, house prices in Jamestown are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Jamestown, accounting for 52.63% of the city's housing units. Other types of housing that are prevalent in Jamestown include duplexes, homes converted to apartments or other small apartment buildings ( 32.33%), large apartment complexes or high rise apartments ( 12.84%), and a few row houses and other attached homes ( 1.74%).

People in Jamestown primarily live in small (one, two or no bedroom) single-family detached homes. Jamestown has a mixture of owner-occupied and renter-occupied housing.

The housing in Jamestown was primarily built before 1939 ( 58.71%), making the housing stock in Jamestown some of the oldest overall in America, although there is a range of ages of homes in Jamestown. The next most important housing age is between 1940-1969 ( 28.42%), followed by between 1970-1999 ( 10.88%). There's also some housing in Jamestown built between 2000 and later ( 1.98%).

Vacant housing appears to be an issue in Jamestown. Fully 13.85% of the housing stock is classified as vacant. Left unchecked, vacant Jamestown homes and apartments can be a drag on the real estate market, holding Jamestown 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.

Jamestown Home Appreciation Rates

Jamestown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jamestown during the period has been just -1.46%, which is lower than 80% of US communities.

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 -5.24%, 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 -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

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:
$63,624

Jamestown, NY HOME PRICES

Value Range
> $956,000 0.0
$717,001 - $956,000 0.2
$478,001 - $717,000 0.0
$383,001 - $478,000 0.0
$287,001 - $383,000 0.6
$191,001 - $287,000 2.1
$96,001 - $191,000 10.9
$48,001 - $96,000 51.0
$0 - $48,000 35.1

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
97.1815305285363 99.7755331088664

Number Of Homes And Apartments:
12,935

Jamestown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
3.64% 0.21% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$735 / per month

Homeownership Rate

Homeownership
Owners 49.80
Renters 50.20
Vacant 13.85

Housing Market Details

 

Age of Homes

AGE OF Jamestown HOMES
2000 or Newer 2.0
1970 - 1999 10.9
1940 - 1969 28.4
1939 or Older 58.7

Types of Homes

TYPE OF Jamestown HOMES
Single-Family 52.6
Townhomes 1.7
Small Apt. Buildings 32.3
Apt. Complexes 12.8
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Jamestown HOMES
No Bedroom 3.26
1 Bedroom 15.15
2 Bedrooms 32.19
3 Bedrooms 37.30
4 Bedrooms 9.72
5 or more bedrooms 2.38