Jonestown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jonestown, PA 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

Jonestown Housing Market Information

With a population of 1,958, 623 total housing units (homes and apartments), and a median house value of $168,217, Jonestown 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 Jonestown, accounting for 69.20% of the borough's housing units. Other types of housing that are prevalent in Jonestown include row houses and other attached homes ( 15.17%), duplexes, homes converted to apartments or other small apartment buildings ( 11.38%), and a few large apartment complexes or high rise apartments ( 3.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jonestown. Owner-occupied housing accounts for 74.41% of Jonestown's homes, and 69.95% have either three or four bedrooms, which is average sized relative to America.

Jonestown homes and real estate are some of the newest in America. 43.85% of Jonestown's housing was built since 2000, making the borough have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Jonestown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 25.64%), and before 1939 ( 19.12%). There's also some housing in Jonestown built between 1940-1969 ( 11.38%).

Jonestown Home Appreciation Rates

Appreciation rates for homes in Jonestown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.94%, which ranks in the top 50% nationwide. This equates to an annual average Jonestown house appreciation rate of 0.29%.

Appreciation rates are so strong in Jonestown that despite a nationwide downturn in the housing market, Jonestown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jonestown appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 70.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jonestown. Jonestown appreciation rates in the latest quarter were at -0.47%, which equates to an annual appreciation rate of -1.85%.

Relative to Pennsylvania, our data show that Jonestown's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$168,217

Jonestown, PA HOME PRICES

Value Range
> $1,043,000 0.7
$783,001 - $1,043,000 1.1
$522,001 - $783,000 0.0
$417,001 - $522,000 2.9
$313,001 - $417,000 3.7
$209,001 - $313,000 22.3
$104,001 - $209,000 54.5
$53,001 - $104,000 5.9
$0 - $53,000 9.0

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
42.3502871205906 33.6231884057971

Number Of Homes And Apartments:
623

Jonestown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
41.96% 2.05% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$980 / per month

Homeownership Rate

Homeownership
Owners 74.41
Renters 25.59
Vacant 5.46

Housing Market Details

 

Age of Homes

AGE OF Jonestown HOMES
2000 or Newer 43.9
1970 - 1999 25.6
1940 - 1969 11.4
1939 or Older 19.1

Types of Homes

TYPE OF Jonestown HOMES
Single-Family 69.2
Townhomes 15.2
Small Apt. Buildings 11.4
Apt. Complexes 3.8
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Jonestown HOMES
No Bedroom 1.21
1 Bedroom 7.59
2 Bedrooms 18.82
3 Bedrooms 47.65
4 Bedrooms 22.31
5 or more bedrooms 2.43

Popular Neighborhoods in Jonestown

Zip Codes in Jonestown, PA