Jacksboro, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jacksboro Neighborhoods Since 2000




Jacksboro, TX 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 4,424 people, 1,282 houses or apartments, and a median cost of homes of $87,661, 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 87.20% of the city's housing units. Other types of housing that are prevalent in Jacksboro include large apartment complexes or high rise apartments ( 5.92%), mobile homes or trailers ( 3.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.83%).

The most prevalent building size and type in Jacksboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.43% owning and 49.57% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jacksboro's housing was primarily built during this period, from the '40s through the '60s. A full 49.71% of the city's housing hails from this era. Other housing ages represented in Jacksboro include homes built between 1970-1999 ( 29.45%) and housing constructed before 1939 ( 12.73%). There's also some housing in Jacksboro built between 2000 and later ( 8.10%).

Vacant housing appears to be an issue in Jacksboro. Fully 17.56% 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

In the last 10 years, Jacksboro has experienced some of the highest home appreciation rates of any community in the nation. Jacksboro real estate appreciated 32.79% over the last ten years, which is an average annual home appreciation rate of 2.88%, putting Jacksboro in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jacksboro definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Jacksboro's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Jacksboro's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$87,661

Jacksboro, TX HOME PRICES

Value Range
> $1,132,000 0.0
$849,001 - $1,132,000 0.7
$566,001 - $849,000 0.7
$453,001 - $566,000 0.5
$340,001 - $453,000 2.4
$226,001 - $340,000 8.1
$113,001 - $226,000 29.2
$56,001 - $113,000 31.9
$0 - $56,000 26.5

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
85.7377241298488 76.8482490272374

Number Of Homes And Apartments:
1,282

Jacksboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
86.71% 3.69% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,015 / per month

Homeownership Rate

Homeownership
Owners 50.43
Renters 49.57
Vacant 17.56

Housing Market Details

 

Age of Homes

AGE OF Jacksboro HOMES
2000 or Newer 8.1
1970 - 1999 29.5
1940 - 1969 49.7
1939 or Older 12.7

Types of Homes

TYPE OF Jacksboro HOMES
Single-Family 87.2
Townhomes 0.0
Small Apt. Buildings 2.8
Apt. Complexes 5.9
Mobile Homes 3.5
Other 0.5

Home Size

SIZE OF Jacksboro HOMES
No Bedroom 3.34
1 Bedroom 5.98
2 Bedrooms 35.31
3 Bedrooms 45.08
4 Bedrooms 7.85
5 or more bedrooms 2.44

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Zip Codes in Jacksboro, TX