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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 7,619 people, 2,280 houses or apartments, and a median cost of homes of $99,110, house prices in Jasper are solidly below the national average.
Single-family detached homes are the single most common housing type in Jasper, accounting for 58.05% of the city's housing units. Other types of housing that are prevalent in Jasper include mobile homes or trailers ( 19.56%), duplexes, homes converted to apartments or other small apartment buildings ( 13.31%), and a few large apartment complexes or high rise apartments ( 8.85%).
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 ( 30.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.41%). There's also some housing in Jasper built before 1939 ( 4.29%).
Vacant housing appears to be an issue in Jasper. Fully 24.15% 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.
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 3.07%, which ranks in the top 50% nationwide. This equates to an annual average Jasper house appreciation rate of 0.30%.
Appreciation rates are so strong in Jasper that despite a nationwide downturn in the housing market, Jasper real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jasper appreciation rates continue to be some of the highest in America, at 19.81%, which is higher than appreciation rates in 99.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jasper. Jasper appreciation rates in the latest quarter were at -1.13%, which equates to an annual appreciation rate of -4.46%.
Notably, Jasper's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Jasper's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
|$819,001 - $1,093,000||0.1|
|$546,001 - $819,000||0.0|
|$437,001 - $546,000||0.1|
|$328,001 - $437,000||3.3|
|$218,001 - $328,000||4.7|
|$110,001 - $218,000||26.1|
|$54,001 - $110,000||30.7|
|$0 - $54,000||35.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Jasper HOMES|
|2000 or Newer||10.4|
|1970 - 1999||55.0|
|1940 - 1969||30.3|
|1939 or Older||4.3|
|TYPE OF Jasper HOMES|
|Small Apt. Buildings||13.3|
|SIZE OF Jasper HOMES|
|5 or more bedrooms||1.46|