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 6,140 people, 1,260 houses or apartments, and a median cost of homes of $264,359, Jonesboro real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Jonesboro, accounting for 53.75% of the city's housing units. Other types of housing that are prevalent in Jonesboro include duplexes, homes converted to apartments or other small apartment buildings ( 25.88%), large apartment complexes or high rise apartments ( 14.49%), and a few row houses and other attached homes ( 5.51%).
Jonesboro is dominated by renter-occupied one, two, or no bedrooms apartments. 76.49% of Jonesboro's dwellings are rentals.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jonesboro's housing was primarily built during this period, from the '40s through the '60s. A full 45.59% of the city's housing hails from this era. Other housing ages represented in Jonesboro include homes built between 1970-1999 ( 43.82%) and housing constructed between 2000 and later ( 5.96%). There's also some housing in Jonesboro built before 1939 ( 4.63%).
In the last 10 years, Jonesboro has experienced some of the highest home appreciation rates of any community in the nation. Jonesboro real estate appreciated 186.64% over the last ten years, which is an average annual home appreciation rate of 11.11%, putting Jonesboro in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jonesboro definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 5.17%, 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 1.17%, which equates to an annual appreciation rate of 4.78%.
Relative to Georgia, our data show that Jonesboro'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 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.
$264,359
for Georgia
for nation
1,260
$1,443 / per month