Jacksboro, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jacksboro, TN 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

Jacksboro Housing Market Information

With 1,951 people, 859 houses or apartments, and a median cost of homes of $130,161, house prices in Jacksboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Jacksboro, accounting for 62.80% of the town's housing units. Other types of housing that are prevalent in Jacksboro include large apartment complexes or high rise apartments ( 25.91%), duplexes, homes converted to apartments or other small apartment buildings ( 7.05%), and a few mobile homes or trailers ( 4.25%).

The most prevalent building size and type in Jacksboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.46% owning and 46.54% renting.

There is a lot of housing in Jacksboro 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 Jacksboro built between 2000 and later ( 23.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.95%).

Vacant housing appears to be an issue in Jacksboro. Fully 10.98% of the housing stock is classified as vacant. Left unchecked, vacant Jacksboro homes and apartments can be a drag on the real estate market, holding Jacksboro 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.

Jacksboro Home Appreciation Rates

Real estate appreciation rates in Jacksboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.

Over the last year, Jacksboro appreciation rates have trailed the rest of the nation. In the last twelve months, Jacksboro's appreciation rate has been 0.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jacksboro were at 0.56%, which equates to an annual appreciation rate of 2.26%.

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

Average Home Values

 

Median Home Value:
$130,161

Jacksboro, TN HOME PRICES

Value Range
> $1,041,000 0.0
$781,001 - $1,041,000 1.3
$520,001 - $781,000 0.0
$417,001 - $520,000 1.2
$312,001 - $417,000 2.8
$208,001 - $312,000 8.5
$104,001 - $208,000 56.7
$52,001 - $104,000 23.2
$0 - $52,000 6.2

Average for TN
Average for Nation

Value Relative to Nation Value Relative to State
59.7679596859252 43.3673469387755

Number Of Homes And Apartments:
859

Jacksboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
33.33% 1.68% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$778 / per month

Homeownership Rate

Homeownership
Owners 53.46
Renters 46.54
Vacant 10.98

Housing Market Details

 

Age of Homes

AGE OF Jacksboro HOMES
2000 or Newer 23.8
1970 - 1999 65.3
1940 - 1969 9.9
1939 or Older 0.9

Types of Homes

TYPE OF Jacksboro HOMES
Single-Family 62.8
Townhomes 0.0
Small Apt. Buildings 7.0
Apt. Complexes 25.9
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Jacksboro HOMES
No Bedroom 0.41
1 Bedroom 7.98
2 Bedrooms 37.31
3 Bedrooms 41.35
4 Bedrooms 12.02
5 or more bedrooms 0.93

Popular Neighborhoods in Jacksboro

Zip Codes in Jacksboro, TN