Jasper, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jasper, TX Real Estate Data


Jasper Housing Market Information

With a population of 7,619, 2,272 total housing units (homes and apartments), and a median house value of $63,354, house prices in Jasper are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Jasper, accounting for 57.09% of the city's housing units. Other types of housing that are prevalent in Jasper include mobile homes or trailers ( 19.71%), large apartment complexes or high rise apartments ( 11.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.27%).

People in Jasper primarily live in small (one, two or no bedroom) single-family detached homes. Jasper has a mixture of owner-occupied and renter-occupied housing.

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 ( 33.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.13%). There's also some housing in Jasper built before 1939 ( 4.85%).

Vacant housing appears to be an issue in Jasper. Fully 22.38% of the housing stock is classified as vacant. Left unchecked, vacant Jasper homes and apartments can be a drag on the real estate market, holding Jasper 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.

Jasper Home Appreciation Rates

Jasper's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jasper during the period has been just -1.42%, which is lower than 80% of US communities.

Over the last year, Jasper appreciation rates have trailed the rest of the nation. In the last twelve months, Jasper's appreciation rate has been -1.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jasper were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to Texas, our data show that Jasper's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$63,354

Jasper, TX HOME PRICES

Value Range
> $848,000 0.0
$636,001 - $848,000 1.0
$424,001 - $636,000 0.0
$340,001 - $424,000 0.5
$255,001 - $340,000 3.1
$170,001 - $255,000 5.6
$85,001 - $170,000 22.3
$42,001 - $85,000 31.4
$0 - $42,000 36.0

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
97.5991099139193 95.0485436893204

Number Of Homes And Apartments:
2,272

Rent & Ownership

 

Average Market Rent:
$856 / per month

Homeownership Rate

Homeownership
Owners 47.99
Renters 52.01
Vacant 22.38

Housing Market Details

 

Age of Homes

AGE OF Jasper HOMES
2000 or Newer 8.1
1970 - 1999 53.6
1940 - 1969 33.4
1939 or Older 4.9

Types of Homes

TYPE OF Jasper HOMES
Single-Family 57.1
Townhomes 0.1
Small Apt. Buildings 11.3
Apt. Complexes 11.8
Mobile Homes 19.7
Other 0.0

Home Size

SIZE OF Jasper HOMES
No Bedroom 3.04
1 Bedroom 7.07
2 Bedrooms 41.44
3 Bedrooms 38.23
4 Bedrooms 8.64
5 or more bedrooms 1.57

Jasper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
2.37% 0.14% 1 1
* 10 is highest

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Zip Codes in Jasper, TX