Jefferson, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jefferson Neighborhoods Since 2000




Jefferson, 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

Jefferson Housing Market Information

With 2,048 people, 949 houses or apartments, and a median cost of homes of $159,729, 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 42.19% over the last ten years, which is an average annual home appreciation rate of 3.58%, 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 5.39%, has been at or slightly above the national average. In the latest quarter, Jefferson's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$159,729

Jefferson, TX HOME PRICES

Value Range
> $1,158,000 0.9
$868,001 - $1,158,000 0.6
$579,001 - $868,000 7.3
$463,001 - $579,000 0.0
$347,001 - $463,000 6.1
$231,001 - $347,000 14.9
$115,001 - $231,000 26.5
$58,001 - $115,000 20.6
$0 - $58,000 23.1

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
45.8396812375483 29.1828793774319

Number Of Homes And Apartments:
949

Jefferson 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
109.19% 4.37% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$629 / 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