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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 79,876 people, 30,187 houses or apartments, and a median cost of homes of $245,295, house prices in Jonesboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Jonesboro, accounting for 65.04% of the city's housing units. Other types of housing that are prevalent in Jonesboro include large apartment complexes or high rise apartments ( 16.98%), duplexes, homes converted to apartments or other small apartment buildings ( 13.47%), and a few mobile homes or trailers ( 2.70%).
The most prevalent building size and type in Jonesboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.69% owning and 48.31% renting.
There is a lot of housing in Jonesboro 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 Jonesboro built between 2000 and later ( 34.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.31%). There's also some housing in Jonesboro built before 1939 ( 1.98%).
Vacant housing appears to be an issue in Jonesboro. Fully 10.06% of the housing stock is classified as vacant. Left unchecked, vacant Jonesboro homes and apartments can be a drag on the real estate market, holding Jonesboro 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.
Jonesboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jonesboro during the period has been just 5.03%, which is lower than 80% of US communities.
Over the last year, Jonesboro appreciation rates have trailed the rest of the nation. In the last twelve months, Jonesboro's appreciation rate has been 5.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jonesboro were at 2.63%, which equates to an annual appreciation rate of 10.92%.
Relative to Arkansas, our data show that Jonesboro'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 Jonesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jonesboro - 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 Jonesboro real estate investment or home purchase decisions.
$245,295
for Arkansas
for nation
30,187
$1,367 / per month