Jonesville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jonesville Neighborhoods Since 2000




Jonesville, VA 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

Jonesville Housing Market Information

With 974 people, 554 houses or apartments, and a median cost of homes of $83,184, 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 60.66% 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 ( 23.55%), large apartment complexes or high rise apartments ( 8.79%), and a few mobile homes or trailers ( 5.51%).

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 52.17% owning and 47.83% 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 ( 33.53%). A lesser amount of the housing stock also hails from before 1939 ( 16.69%). There's also some housing in Jonesville built between 2000 and later ( 5.81%).

Vacant housing appears to be an issue in Jonesville. Fully 17.44% 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 19.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Jonesville home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.

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 -0.65%, 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 -1.60%, which equates to an annual appreciation rate of -6.23%.

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

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

Average Home Values

 

Median Home Value:
$83,184

Jonesville, VA HOME PRICES

Value Range
> $1,006,000 0.0
$754,001 - $1,006,000 0.0
$502,001 - $754,000 0.5
$402,001 - $502,000 1.8
$302,001 - $402,000 5.9
$201,001 - $302,000 7.3
$100,001 - $201,000 21.2
$50,001 - $100,000 38.1
$0 - $50,000 25.1

Very Low for VA
Very Low for Nation

Value Relative to Nation Value Relative to State
88.4858783546232 95.2908587257618

Number Of Homes And Apartments:
554

Jonesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
35.47% 1.78% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$646 / per month

Homeownership Rate

Homeownership
Owners 52.17
Renters 47.83
Vacant 17.44

Housing Market Details

 

Age of Homes

AGE OF Jonesville HOMES
2000 or Newer 5.8
1970 - 1999 44.0
1940 - 1969 33.5
1939 or Older 16.7

Types of Homes

TYPE OF Jonesville HOMES
Single-Family 60.7
Townhomes 1.5
Small Apt. Buildings 23.5
Apt. Complexes 8.8
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Jonesville HOMES
No Bedroom 0.00
1 Bedroom 21.61
2 Bedrooms 25.34
3 Bedrooms 42.62
4 Bedrooms 7.00
5 or more bedrooms 3.43

Popular Neighborhoods in Jonesville

Zip Codes in Jonesville, VA