Jersey Village, TX Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jersey Village, TX Housing Market Trends

With 7,890 people, 3,704 houses or apartments, and a median cost of homes of $324,922, 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 58.02% of the city's housing units. Other types of housing that are prevalent in Jersey Village include large apartment complexes or high rise apartments ( 37.60%), duplexes, homes converted to apartments or other small apartment buildings ( 2.92%), and a few row houses and other attached homes ( 1.47%).

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 56.10% owning and 43.90% 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 ( 20.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.23%).

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 73.56% over the last ten years, which is an average annual home appreciation rate of 5.67%, putting Jersey Village in the top 20% 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.

Over the last year, Jersey Village appreciation rates have trailed the rest of the nation. In the last twelve months, Jersey Village's appreciation rate has been 5.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jersey Village were at 1.50%, which equates to an annual appreciation rate of 6.13%.

Notably, Jersey Village's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$324,922

Jersey Village, TX HOME PRICES

> $1,193,000
0.5%
0.5%
$895,001 - $1,193,000
1.4%
1.4%
$597,001 - $895,000
4.8%
4.8%
$477,001 - $597,000
6.3%
6.3%
$358,001 - $477,000
15.1%
15.1%
$239,001 - $358,000
48.1%
48.1%
$119,001 - $239,000
22.1%
22.1%
$60,001 - $119,000
1.6%
1.6%
$0 - $60,000
0.1%
0.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
3,704

Jersey Village Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
102.98% 3.35%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,151 / per month

Homeownership Rate

Owners
56.1%
56.1%
Renters
43.9%
43.9%
Vacant
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.8%
20.8%
1970 - 1999
69.7%
69.7%
1940 - 1969
9.2%
9.2%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.0%
58.0%
Townhomes
1.5%
1.5%
Small Apt. Buildings
2.9%
2.9%
Apt. Complexes
37.6%
37.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
27.9%
27.9%
2 Bedrooms
16.7%
16.7%
3 Bedrooms
20.8%
20.8%
4 Bedrooms
29.3%
29.3%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES