Mount Jackson, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Jackson Neighborhoods Since 2000




Mount Jackson, 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

Mount Jackson Housing Market Information

With 2,042 people, 772 houses or apartments, and a median cost of homes of $197,930, 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 55.79% of the town's housing units. Other types of housing that are prevalent in Mount Jackson include mobile homes or trailers ( 17.31%), duplexes, homes converted to apartments or other small apartment buildings ( 12.35%), and a few large apartment complexes or high rise apartments ( 9.92%).

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 57.36% owning and 42.64% 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 ( 27.78%). A lesser amount of the housing stock also hails from before 1939 ( 23.04%). There's also some housing in Mount Jackson built between 2000 and later ( 4.19%).

Vacant housing appears to be an issue in Mount Jackson. Fully 14.88% 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 19.92% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mount Jackson home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

NeighborhoodScout's data show that during the latest twelve months, Mount Jackson's appreciation rate, at 4.53%, has been at or slightly above the national average. In the latest quarter, Mount Jackson's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$197,930

Mount Jackson, VA HOME PRICES

Value Range
> $1,075,000 0.8
$807,001 - $1,075,000 3.8
$538,001 - $807,000 1.7
$430,001 - $538,000 2.5
$323,001 - $430,000 3.3
$215,001 - $323,000 29.6
$108,001 - $215,000 35.9
$54,001 - $108,000 10.5
$0 - $54,000 11.9

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
32.7844837688972 46.2603878116344

Number Of Homes And Apartments:
772

Mount Jackson 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
48.13% 2.30% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$934 / per month

Homeownership Rate

Homeownership
Owners 57.36
Renters 42.64
Vacant 14.88

Housing Market Details

 

Age of Homes

AGE OF Mount Jackson HOMES
2000 or Newer 4.2
1970 - 1999 45.0
1940 - 1969 27.8
1939 or Older 23.0

Types of Homes

TYPE OF Mount Jackson HOMES
Single-Family 55.8
Townhomes 4.6
Small Apt. Buildings 12.3
Apt. Complexes 9.9
Mobile Homes 17.3
Other 0.0

Home Size

SIZE OF Mount Jackson HOMES
No Bedroom 0.99
1 Bedroom 10.80
2 Bedrooms 32.75
3 Bedrooms 43.00
4 Bedrooms 10.36
5 or more bedrooms 2.09

Popular Neighborhoods in Mount Jackson

Zip Codes in Mount Jackson, VA