Jackson, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jackson Neighborhoods Since 2000




Jackson, OH 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

Jackson Housing Market Information

With 6,243 people, 2,882 houses or apartments, and a median cost of homes of $121,939, house prices in Jackson are solidly below the national average.

Single-family detached homes are the single most common housing type in Jackson, accounting for 75.55% of the city's housing units. Other types of housing that are prevalent in Jackson include large apartment complexes or high rise apartments ( 12.91%), duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), and a few mobile homes or trailers ( 2.21%).

The most prevalent building size and type in Jackson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.70% owning and 39.30% 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. Jackson's housing was primarily built during this period, from the '40s through the '60s. A full 33.37% of the city's housing hails from this era. Other housing ages represented in Jackson include homes built before 1939 ( 32.25%) and housing constructed between 1970-1999 ( 30.17%). There's also some housing in Jackson built between 2000 and later ( 4.22%).

Jackson Home Appreciation Rates

Appreciation rates for homes in Jackson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.22%, which ranks in the top 50% nationwide. This equates to an annual average Jackson house appreciation rate of 0.22%.

Over the last year, Jackson appreciation rates have trailed the rest of the nation. In the last twelve months, Jackson's appreciation rate has been -2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jackson were at -0.60%, which equates to an annual appreciation rate of -2.39%.

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

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

Average Home Values

 

Median Home Value:
$121,939

Jackson, OH HOME PRICES

Value Range
> $1,052,000 0.5
$789,001 - $1,052,000 0.0
$526,001 - $789,000 0.0
$421,001 - $526,000 0.3
$316,001 - $421,000 2.2
$210,001 - $316,000 7.5
$105,001 - $210,000 36.5
$53,001 - $105,000 40.4
$0 - $53,000 12.6

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
64.3443103246221 61.8110236220472

Number Of Homes And Apartments:
2,882

Jackson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
21.08% 1.11% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$888 / per month

Homeownership Rate

Homeownership
Owners 60.70
Renters 39.30
Vacant 7.89

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 4.2
1970 - 1999 30.2
1940 - 1969 33.4
1939 or Older 32.2

Types of Homes

TYPE OF Jackson HOMES
Single-Family 75.6
Townhomes 1.5
Small Apt. Buildings 7.8
Apt. Complexes 12.9
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 0.32
1 Bedroom 15.66
2 Bedrooms 25.98
3 Bedrooms 42.15
4 Bedrooms 11.67
5 or more bedrooms 4.22