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 2,697 people, 956 houses or apartments, and a median cost of homes of $561,108, real estate costs in Jefferson are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.
Jefferson is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Jefferson than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jefferson. Owner-occupied housing accounts for 87.87% of Jefferson's homes, and 65.87% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Jefferson 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 Jefferson built between 1940-1969 ( 9.82%). A lesser amount of the housing stock also hails from before 1939 ( 8.89%). There's also some housing in Jefferson built between 2000 and later ( 6.83%).
Jefferson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jefferson during the period has been just 4.69%, which is lower than 80% of US communities.
Over the last year, Jefferson appreciation rates have trailed the rest of the nation. In the last twelve months, Jefferson's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jefferson were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Jefferson one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Jefferson's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.
$561,108
for Maryland
for nation
956
$1,625 / per month