Jefferson, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jefferson, TX Real Estate Data


Jefferson Housing Market Information

With 2,048 people, 949 houses or apartments, and a median cost of homes of $159,197, Jefferson 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 Jefferson, accounting for 76.31% of the city's housing units. Other types of housing that are prevalent in Jefferson include duplexes, homes converted to apartments or other small apartment buildings ( 11.75%), mobile homes or trailers ( 5.61%), and a few large apartment complexes or high rise apartments ( 5.06%).

The most prevalent building size and type in Jefferson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.83% owning and 38.17% 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. Jefferson's housing was primarily built during this period, from the '40s through the '60s. A full 34.00% of the city's housing hails from this era. Other housing ages represented in Jefferson include homes built between 1970-1999 ( 31.56%) and housing constructed before 1939 ( 23.24%). There's also some housing in Jefferson built between 2000 and later ( 11.21%).

Vacant housing appears to be an issue in Jefferson. Fully 14.20% of the housing stock is classified as vacant. Left unchecked, vacant Jefferson homes and apartments can be a drag on the real estate market, holding Jefferson 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.

Jefferson Home Appreciation Rates

In the last 10 years, Jefferson has experienced some of the highest home appreciation rates of any community in the nation. Jefferson real estate appreciated 45.87% over the last ten years, which is an average annual home appreciation rate of 3.85%, putting Jefferson in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jefferson 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, Jefferson's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Jefferson's appreciation rate has been 1.21%, which annualizes to a rate of 4.95%.

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

Average Home Values

 

Median Home Value:
$159,197

Jefferson, TX HOME PRICES

Value Range
> $1,154,000 0.0
$865,001 - $1,154,000 0.6
$577,001 - $865,000 7.3
$462,001 - $577,000 0.0
$346,001 - $462,000 6.1
$231,001 - $346,000 14.9
$115,001 - $231,000 26.5
$57,001 - $115,000 20.6
$0 - $57,000 23.1

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
45.7810851986406 28.5019455252918

Number Of Homes And Apartments:
949

Rent & Ownership

 

Average Market Rent:
$598 / per month

Homeownership Rate

Homeownership
Owners 61.83
Renters 38.17
Vacant 14.20

Housing Market Details

 

Age of Homes

AGE OF Jefferson HOMES
2000 or Newer 11.2
1970 - 1999 31.6
1940 - 1969 34.0
1939 or Older 23.2

Types of Homes

TYPE OF Jefferson HOMES
Single-Family 76.3
Townhomes 1.3
Small Apt. Buildings 11.8
Apt. Complexes 5.1
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Jefferson HOMES
No Bedroom 0.90
1 Bedroom 9.67
2 Bedrooms 26.67
3 Bedrooms 45.03
4 Bedrooms 16.91
5 or more bedrooms 0.81

Jefferson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
111.25% 4.43% 10 10
* 10 is highest