Jonesborough, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jonesborough Neighborhoods Since 2000




Jonesborough, 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

Jonesborough Housing Market Information

With 5,291 people, 1,962 houses or apartments, and a median cost of homes of $156,794, Jonesborough 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 Jonesborough, accounting for 78.36% of the town's housing units. Other types of housing that are prevalent in Jonesborough include large apartment complexes or high rise apartments ( 11.66%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few row houses and other attached homes ( 2.54%).

The most prevalent building size and type in Jonesborough are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.17% owning and 36.83% renting.

Jonesborough homes and real estate are some of the newest in America. 37.89% of Jonesborough's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Jonesborough real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.49%), and between 1940-1969 ( 27.59%). There's also some housing in Jonesborough built before 1939 ( 6.03%).

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

Jonesborough Home Appreciation Rates

Appreciation rates for homes in Jonesborough have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.15%, which ranks in the top 40% nationwide. This equates to an annual average Jonesborough house appreciation rate of 0.60%.

Over the last year, Jonesborough appreciation rates have trailed the rest of the nation. In the last twelve months, Jonesborough's appreciation rate has been 2.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jonesborough were at -0.93%, which equates to an annual appreciation rate of -3.69%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Jonesborough differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jonesborough - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Jonesborough real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$156,794

Jonesborough, TN HOME PRICES

Value Range
> $1,040,000 0.7
$780,001 - $1,040,000 2.7
$520,001 - $780,000 6.3
$416,001 - $520,000 2.7
$312,001 - $416,000 7.7
$208,001 - $312,000 15.3
$104,001 - $208,000 47.8
$52,001 - $104,000 11.4
$0 - $52,000 5.4

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
47.0760576585023 27.8061224489796

Number Of Homes And Apartments:
1,962

Jonesborough 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
41.56% 2.04% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$789 / per month

Homeownership Rate

Homeownership
Owners 63.17
Renters 36.83
Vacant 10.98

Housing Market Details

 

Age of Homes

AGE OF Jonesborough HOMES
2000 or Newer 37.9
1970 - 1999 28.5
1940 - 1969 27.6
1939 or Older 6.0

Types of Homes

TYPE OF Jonesborough HOMES
Single-Family 78.4
Townhomes 2.5
Small Apt. Buildings 7.4
Apt. Complexes 11.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Jonesborough HOMES
No Bedroom 0.00
1 Bedroom 4.40
2 Bedrooms 29.45
3 Bedrooms 53.09
4 Bedrooms 12.39
5 or more bedrooms 0.68