Jonesville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jonesville, VA Real Estate Data


Jonesville Housing Market Information

With 974 people, 563 houses or apartments, and a median cost of homes of $74,995, house prices in Jonesville are some of the most affordable in Virginia as well as the nation.

Single-family detached homes are the single most common housing type in Jonesville, accounting for 59.25% of the town's housing units. Other types of housing that are prevalent in Jonesville include duplexes, homes converted to apartments or other small apartment buildings ( 21.50%), mobile homes or trailers ( 9.17%), and a few large apartment complexes or high rise apartments ( 8.72%).

The most prevalent building size and type in Jonesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.51% owning and 48.49% renting.

There is a lot of housing in Jonesville 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 Jonesville built between 1940-1969 ( 34.74%). A lesser amount of the housing stock also hails from before 1939 ( 11.73%). There's also some housing in Jonesville built between 2000 and later ( 6.77%).

Vacant housing appears to be an issue in Jonesville. Fully 15.34% of the housing stock is classified as vacant. Left unchecked, vacant Jonesville homes and apartments can be a drag on the real estate market, holding Jonesville 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.

Jonesville Home Appreciation Rates

Homes have actually lost value in Jonesville over the last then years, as home values have seen a decline of 21.23% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Jonesville home appreciation rates at 1.96%, which equates to an annual appreciation rate of 8.06%.

Over the last year, Jonesville appreciation rates have trailed the rest of the nation. In the last twelve months, Jonesville's appreciation rate has been 1.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jonesville were at 1.96%, which equates to an annual appreciation rate of 8.06%.

Relative to Virginia, our data show that Jonesville's latest annual appreciation rate is lower than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$74,995

Jonesville, VA HOME PRICES

Value Range
> $982,000 0.0
$736,001 - $982,000 0.0
$491,001 - $736,000 0.9
$393,001 - $491,000 0.0
$294,001 - $393,000 0.9
$197,001 - $294,000 6.0
$98,001 - $197,000 25.0
$49,001 - $98,000 38.9
$0 - $49,000 28.4

Very Low for VA
Very Low for Nation

Value Relative to Nation Value Relative to State
93.6639925045383 97.5069252077562

Number Of Homes And Apartments:
563

Rent & Ownership

 

Average Market Rent:
$601 / per month

Homeownership Rate

Homeownership
Owners 51.51
Renters 48.49
Vacant 15.34

Housing Market Details

 

Age of Homes

AGE OF Jonesville HOMES
2000 or Newer 6.8
1970 - 1999 46.8
1940 - 1969 34.7
1939 or Older 11.7

Types of Homes

TYPE OF Jonesville HOMES
Single-Family 59.2
Townhomes 1.4
Small Apt. Buildings 21.5
Apt. Complexes 8.7
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Jonesville HOMES
No Bedroom 0.00
1 Bedroom 18.65
2 Bedrooms 29.32
3 Bedrooms 41.05
4 Bedrooms 9.32
5 or more bedrooms 1.65

Jonesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.51% 1.67% 2 3
* 10 is highest

Popular Neighborhoods in Jonesville

Zip Codes in Jonesville, VA