Jasper, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jasper, 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

Jasper Housing Market Information

With 3,312 people, 1,282 houses or apartments, and a median cost of homes of $145,031, Jasper 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 Jasper, accounting for 79.21% of the town's housing units. Other types of housing that are prevalent in Jasper include duplexes, homes converted to apartments or other small apartment buildings ( 9.26%), mobile homes or trailers ( 6.79%), and a few large apartment complexes or high rise apartments ( 4.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jasper. Owner-occupied housing accounts for 65.74% of Jasper's homes, and 69.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jasper 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 Jasper built between 1940-1969 ( 23.20%). A lesser amount of the housing stock also hails from before 1939 ( 8.70%). There's also some housing in Jasper built between 2000 and later ( 8.20%).

Jasper Home Appreciation Rates

Appreciation rates for homes in Jasper have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.98%, which ranks in the top 30% nationwide. This equates to an annual average Jasper house appreciation rate of 1.14%.

NeighborhoodScout's data show that during the latest twelve months, Jasper's appreciation rate, at 5.26%, has been at or slightly above the national average. In the latest quarter, Jasper's appreciation rate has been 1.00%, which annualizes to a rate of 4.07%.

Relative to Tennessee, our data show that Jasper's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$145,031

Jasper, TN HOME PRICES

Value Range
> $1,118,000 0.0
$838,001 - $1,118,000 0.0
$559,001 - $838,000 1.1
$447,001 - $559,000 0.0
$335,001 - $447,000 5.3
$224,001 - $335,000 14.0
$111,001 - $224,000 43.5
$56,001 - $111,000 28.5
$0 - $56,000 7.5

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
52.1680534395875 31.8877551020408

Number Of Homes And Apartments:
1,282

Jasper 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
45.82% 2.21% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$868 / per month

Homeownership Rate

Homeownership
Owners 65.74
Renters 34.26
Vacant 9.34

Housing Market Details

 

Age of Homes

AGE OF Jasper HOMES
2000 or Newer 8.2
1970 - 1999 59.9
1940 - 1969 23.2
1939 or Older 8.7

Types of Homes

TYPE OF Jasper HOMES
Single-Family 79.2
Townhomes 0.0
Small Apt. Buildings 9.3
Apt. Complexes 4.7
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Jasper HOMES
No Bedroom 1.56
1 Bedroom 4.67
2 Bedrooms 22.42
3 Bedrooms 55.45
4 Bedrooms 13.58
5 or more bedrooms 2.33

Popular Neighborhoods in Jasper

Zip Codes in Jasper, TN