Lake Jackson, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lake Jackson Neighborhoods Since 2000




Lake Jackson, 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

Lake Jackson Housing Market Information

With a population of 27,533, 10,621 total housing units (homes and apartments), and a median house value of $196,759, Lake Jackson real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake Jackson, accounting for 71.57% of the city's housing units. Other types of housing that are prevalent in Lake Jackson include large apartment complexes or high rise apartments ( 25.22%), duplexes, homes converted to apartments or other small apartment buildings ( 2.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Jackson. Owner-occupied housing accounts for 65.49% of Lake Jackson's homes, and 67.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lake Jackson 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 Lake Jackson built between 1940-1969 ( 29.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.31%).

Lake Jackson Home Appreciation Rates

In the last 10 years, Lake Jackson has experienced some of the highest home appreciation rates of any community in the nation. Lake Jackson real estate appreciated 30.44% over the last ten years, which is an average annual home appreciation rate of 2.69%, putting Lake Jackson in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Jackson 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 Lake Jackson that despite a nationwide downturn in the housing market, Lake Jackson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lake Jackson appreciation rates continue to be some of the highest in America, at 7.95%, which is higher than appreciation rates in 86.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lake Jackson. Lake Jackson 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 Lake Jackson's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lake Jackson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Jackson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lake Jackson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$196,759

Lake Jackson, TX HOME PRICES

Value Range
> $1,234,000 0.1
$925,001 - $1,234,000 0.5
$617,001 - $925,000 0.2
$494,001 - $617,000 0.5
$370,001 - $494,000 2.5
$247,001 - $370,000 14.5
$124,001 - $247,000 55.6
$62,001 - $124,000 20.5
$0 - $62,000 5.7

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
33.0686745575999 17.8015564202335

Number Of Homes And Apartments:
10,621

Lake Jackson 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
57.44% 2.67% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,067 / per month

Homeownership Rate

Homeownership
Owners 65.49
Renters 34.51
Vacant 7.23

Housing Market Details

 

Age of Homes

AGE OF Lake Jackson HOMES
2000 or Newer 13.3
1970 - 1999 56.3
1940 - 1969 29.8
1939 or Older 0.5

Types of Homes

TYPE OF Lake Jackson HOMES
Single-Family 71.6
Townhomes 0.9
Small Apt. Buildings 2.2
Apt. Complexes 25.2
Mobile Homes 0.1
Other 0.1

Home Size

SIZE OF Lake Jackson HOMES
No Bedroom 1.21
1 Bedroom 12.93
2 Bedrooms 16.54
3 Bedrooms 45.28
4 Bedrooms 21.98
5 or more bedrooms 2.07