Jersey Village, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Jersey Village Neighborhoods Since 2000




Jersey Village, 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

Jersey Village Housing Market Information

With 7,900 people, 3,513 houses or apartments, and a median cost of homes of $260,480, Jersey Village real estate is some of the most expensive in Texas, although Jersey Village home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Jersey Village, accounting for 58.22% of the city's housing units. Other types of housing that are prevalent in Jersey Village include large apartment complexes or high rise apartments ( 37.59%), duplexes, homes converted to apartments or other small apartment buildings ( 2.74%), and a few row houses and other attached homes ( 1.26%).

The most prevalent building size and type in Jersey Village are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.65% owning and 42.35% renting.

There is a lot of housing in Jersey Village 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 Jersey Village built between 2000 and later ( 19.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.96%).

Jersey Village Home Appreciation Rates

In the last 10 years, Jersey Village has experienced some of the highest home appreciation rates of any community in the nation. Jersey Village real estate appreciated 40.29% over the last ten years, which is an average annual home appreciation rate of 3.44%, putting Jersey Village in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jersey Village 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 Jersey Village that despite a nationwide downturn in the housing market, Jersey Village real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jersey Village appreciation rates continue to be some of the highest in America, at 9.36%, which is higher than appreciation rates in 91.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jersey Village. Jersey Village appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

Relative to Texas, our data show that Jersey Village's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$260,480

Jersey Village, TX HOME PRICES

Value Range
> $1,298,000 1.0
$974,001 - $1,298,000 0.0
$649,001 - $974,000 1.8
$519,001 - $649,000 1.3
$389,001 - $519,000 5.6
$260,001 - $389,000 32.8
$130,001 - $260,000 52.2
$65,001 - $130,000 4.9
$0 - $65,000 0.5

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
20.9715223250908 8.65758754863813

Number Of Homes And Apartments:
3,513

Jersey Village 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
67.04% 3.02% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,187 / per month

Homeownership Rate

Homeownership
Owners 57.65
Renters 42.35
Vacant 5.62

Housing Market Details

 

Age of Homes

AGE OF Jersey Village HOMES
2000 or Newer 19.2
1970 - 1999 73.8
1940 - 1969 7.0
1939 or Older 0.0

Types of Homes

TYPE OF Jersey Village HOMES
Single-Family 58.2
Townhomes 1.3
Small Apt. Buildings 2.7
Apt. Complexes 37.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Jersey Village HOMES
No Bedroom 3.28
1 Bedroom 24.58
2 Bedrooms 16.98
3 Bedrooms 20.63
4 Bedrooms 29.85
5 or more bedrooms 4.67