Jacksonville, AR Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jacksonville, AR Housing Market Trends

With a population of 28,235, 10,333 total housing units (homes and apartments), and a median house value of $133,359, house prices in Jacksonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Jacksonville, accounting for 67.50% of the city's housing units. Other types of housing that are prevalent in Jacksonville include duplexes, homes converted to apartments or other small apartment buildings ( 12.06%), large apartment complexes or high rise apartments ( 8.54%), and a few mobile homes or trailers ( 7.54%).

The most prevalent building size and type in Jacksonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.51% owning and 49.49% renting.

There is a lot of housing in Jacksonville 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 Jacksonville built between 1940-1969 ( 28.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.64%). There's also some housing in Jacksonville built before 1939 ( 1.13%).

Vacant housing appears to be an issue in Jacksonville. Fully 15.72% of the housing stock is classified as vacant. Left unchecked, vacant Jacksonville homes and apartments can be a drag on the real estate market, holding Jacksonville 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.

Jacksonville Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Jacksonville, where house values have increased just 12.09%, which is annualized rate of 1.15%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Jacksonville appreciation rates have trailed the rest of the nation. In the last twelve months, Jacksonville's appreciation rate has been 4.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jacksonville were at 1.72%, which equates to an annual appreciation rate of 7.08%.

Relative to Arkansas, our data show that Jacksonville's latest annual appreciation rate is lower than 70% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jacksonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jacksonville - 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 Jacksonville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$133,359

Jacksonville, AR HOME PRICES

> $1,122,000
0.1%
0.1%
$841,001 - $1,122,000
0.0%
0.0%
$561,001 - $841,000
0.2%
0.2%
$449,001 - $561,000
0.4%
0.4%
$336,001 - $449,000
2.4%
2.4%
$224,001 - $336,000
7.5%
7.5%
$112,001 - $224,000
46.8%
46.8%
$56,001 - $112,000
32.4%
32.4%
$0 - $56,000
10.3%
10.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for AR

Value Relative To Nation

Number Of Homes And Apartments:
10,333

Jacksonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
45.76% 1.79%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$912 / per month

Homeownership Rate

Owners
50.5%
50.5%
Renters
49.5%
49.5%
Vacant
15.7%
15.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.6%
15.6%
1970 - 1999
54.3%
54.3%
1940 - 1969
28.9%
28.9%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.5%
67.5%
Townhomes
4.4%
4.4%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
8.5%
8.5%
Mobile Homes
7.5%
7.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
7.5%
7.5%
2 Bedrooms
21.3%
21.3%
3 Bedrooms
55.4%
55.4%
4 Bedrooms
14.5%
14.5%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES