Jarrell, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jarrell, 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

Jarrell Housing Market Information

With 1,171 people, 327 houses or apartments, and a median cost of homes of $199,627, Jarrell real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Jarrell, accounting for 78.39% of the city's housing units. Other types of housing that are prevalent in Jarrell include mobile homes or trailers ( 19.67%), duplexes, homes converted to apartments or other small apartment buildings ( 1.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jarrell. Owner-occupied housing accounts for 78.90% of Jarrell's homes, and 74.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jarrell 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 Jarrell built between 2000 and later ( 23.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.36%). There's also some housing in Jarrell built before 1939 ( 2.77%).

Jarrell Home Appreciation Rates

In the last 10 years, Jarrell has experienced some of the highest home appreciation rates of any community in the nation. Jarrell real estate appreciated 51.64% over the last ten years, which is an average annual home appreciation rate of 4.25%, putting Jarrell in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jarrell definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Jarrell that despite a nationwide downturn in the housing market, Jarrell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jarrell appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 87.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jarrell. Jarrell appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.88%.

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

Average Home Values

 

Median Home Value:
$199,627

Jarrell, TX HOME PRICES

Value Range
> $1,286,000 0.3
$965,001 - $1,286,000 1.0
$643,001 - $965,000 3.4
$514,001 - $643,000 1.0
$386,001 - $514,000 5.4
$257,001 - $386,000 13.7
$129,001 - $257,000 56.1
$64,001 - $129,000 12.5
$0 - $64,000 6.6

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
32.3508730809797 17.2178988326848

Number Of Homes And Apartments:
327

Jarrell 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
86.59% 3.68% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,335 / per month

Homeownership Rate

Homeownership
Owners 78.90
Renters 21.10
Vacant 9.42

Housing Market Details

 

Age of Homes

AGE OF Jarrell HOMES
2000 or Newer 23.3
1970 - 1999 62.6
1940 - 1969 11.4
1939 or Older 2.8

Types of Homes

TYPE OF Jarrell HOMES
Single-Family 78.4
Townhomes 0.0
Small Apt. Buildings 1.9
Apt. Complexes 0.0
Mobile Homes 19.7
Other 0.0

Home Size

SIZE OF Jarrell HOMES
No Bedroom 0.55
1 Bedroom 2.49
2 Bedrooms 21.88
3 Bedrooms 65.37
4 Bedrooms 9.14
5 or more bedrooms 0.55

Popular Neighborhoods in Jarrell

Zip Codes in Jarrell, TX