Jamestown, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jamestown, TN Real Estate Data


Jamestown Housing Market Information

With 1,947 people, 823 houses or apartments, and a median cost of homes of $82,307, house prices in Jamestown are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Jamestown, accounting for 50.34% of the city's housing units. Other types of housing that are prevalent in Jamestown include large apartment complexes or high rise apartments ( 24.44%), duplexes, homes converted to apartments or other small apartment buildings ( 12.95%), and a few mobile homes or trailers ( 11.30%).

Jamestown is dominated by renter-occupied one, two, or no bedrooms apartments. 66.35% of Jamestown's dwellings are rentals.

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 ( 30.87%). A lesser amount of the housing stock also hails from before 1939 ( 8.28%). There's also some housing in Jamestown built between 2000 and later ( 5.36%).

Vacant housing appears to be an issue in Jamestown. Fully 19.86% 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

Appreciation rates for homes in Jamestown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.06%, which ranks in the top 40% nationwide. This equates to an annual average Jamestown house appreciation rate of 0.78%.

NeighborhoodScout's data show that during the latest twelve months, Jamestown's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Jamestown's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.

Relative to Tennessee, our data show that Jamestown's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$82,307

Jamestown, TN HOME PRICES

Value Range
> $1,068,000 1.0
$801,001 - $1,068,000 0.0
$534,001 - $801,000 0.0
$427,001 - $534,000 0.0
$320,001 - $427,000 1.6
$213,001 - $320,000 12.3
$107,001 - $213,000 15.4
$54,001 - $107,000 41.7
$0 - $54,000 28.1

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
89.9513966153306 93.3673469387755

Number Of Homes And Apartments:
823

Rent & Ownership

 

Average Market Rent:
$611 / per month

Homeownership Rate

Homeownership
Owners 33.65
Renters 66.35
Vacant 19.86

Housing Market Details

 

Age of Homes

AGE OF Jamestown HOMES
2000 or Newer 5.4
1970 - 1999 55.5
1940 - 1969 30.9
1939 or Older 8.3

Types of Homes

TYPE OF Jamestown HOMES
Single-Family 50.3
Townhomes 1.0
Small Apt. Buildings 13.0
Apt. Complexes 24.4
Mobile Homes 11.3
Other 0.0

Home Size

SIZE OF Jamestown HOMES
No Bedroom 1.36
1 Bedroom 15.00
2 Bedrooms 44.60
3 Bedrooms 32.23
4 Bedrooms 4.87
5 or more bedrooms 1.95

Jamestown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
19.74% 1.07% 2 2
* 10 is highest

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Zip Codes in Jamestown, TN