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 4,520 people, 1,552 houses or apartments, and a median cost of homes of $372,883, Jasper real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Jasper, accounting for 49.06% of the city's housing units. Other types of housing that are prevalent in Jasper include duplexes, homes converted to apartments or other small apartment buildings ( 29.04%), large apartment complexes or high rise apartments ( 17.63%), and a few row houses and other attached homes ( 2.80%).
People in Jasper primarily live in small (one, two or no bedroom) single-family detached homes. Jasper has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Jasper 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 Jasper built between 2000 and later ( 36.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.58%).
Vacant housing appears to be an issue in Jasper. Fully 11.47% of the housing stock is classified as vacant. Left unchecked, vacant Jasper homes and apartments can be a drag on the real estate market, holding Jasper 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.
In the last 10 years, Jasper has experienced some of the highest home appreciation rates of any community in the nation. Jasper real estate appreciated 144.92% over the last ten years, which is an average annual home appreciation rate of 9.37%, putting Jasper in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jasper definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Jasper's appreciation rate, at 5.78%, has been at or slightly above the national average. In the latest quarter, Jasper's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Jasper's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jasper differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jasper - 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 Jasper real estate investment or home purchase decisions.
$372,883
for Georgia
for nation
1,552
$1,739 / per month