Mount Jackson, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mount Jackson, VA Real Estate Data


Mount Jackson Housing Market Information

With a population of 2,042, 765 total housing units (homes and apartments), and a median house value of $197,615, Mount 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 Mount Jackson, accounting for 53.39% of the town's housing units. Other types of housing that are prevalent in Mount Jackson include mobile homes or trailers ( 14.00%), duplexes, homes converted to apartments or other small apartment buildings ( 13.88%), and a few large apartment complexes or high rise apartments ( 13.21%).

The most prevalent building size and type in Mount Jackson are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.02% owning and 43.98% renting.

There is a lot of housing in Mount 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 Mount Jackson built between 1940-1969 ( 28.89%). A lesser amount of the housing stock also hails from before 1939 ( 21.90%). There's also some housing in Mount Jackson built between 2000 and later ( 1.69%).

Vacant housing appears to be an issue in Mount Jackson. Fully 13.66% of the housing stock is classified as vacant. Left unchecked, vacant Mount Jackson homes and apartments can be a drag on the real estate market, holding Mount Jackson 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.

Mount Jackson Home Appreciation Rates

Homes have actually lost value in Mount Jackson over the last then years, as home values have seen a decline of 19.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Jackson home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

Over the last year, Mount Jackson appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Jackson's appreciation rate has been 2.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Jackson were at 1.43%, which equates to an annual appreciation rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$197,615

Mount Jackson, VA HOME PRICES

Value Range
> $1,068,000 1.1
$802,001 - $1,068,000 1.0
$534,001 - $802,000 2.7
$427,001 - $534,000 1.8
$321,001 - $427,000 3.5
$214,001 - $321,000 30.4
$107,001 - $214,000 37.9
$54,001 - $107,000 10.5
$0 - $54,000 11.2

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
33.7939919189553 47.9224376731302

Number Of Homes And Apartments:
765

Rent & Ownership

 

Average Market Rent:
$929 / per month

Homeownership Rate

Homeownership
Owners 56.02
Renters 43.98
Vacant 13.66

Housing Market Details

 

Age of Homes

AGE OF Mount Jackson HOMES
2000 or Newer 1.7
1970 - 1999 47.5
1940 - 1969 28.9
1939 or Older 21.9

Types of Homes

TYPE OF Mount Jackson HOMES
Single-Family 53.4
Townhomes 5.5
Small Apt. Buildings 13.9
Apt. Complexes 13.2
Mobile Homes 14.0
Other 0.0

Home Size

SIZE OF Mount Jackson HOMES
No Bedroom 0.90
1 Bedroom 10.16
2 Bedrooms 34.76
3 Bedrooms 42.33
4 Bedrooms 9.93
5 or more bedrooms 1.92

Mount Jackson 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
45.28% 2.22% 3 5
* 10 is highest

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Zip Codes in Mount Jackson, VA