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 a population of 6,775, 2,008 total housing units (homes and apartments), and a median house value of $379,901, Jordan real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Jordan, accounting for 67.30% of the city's housing units. Other types of housing that are prevalent in Jordan include row houses and other attached homes ( 9.26%), mobile homes or trailers ( 9.12%), and a few large apartment complexes or high rise apartments ( 8.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jordan. Owner-occupied housing accounts for 78.54% of Jordan's homes, and 61.81% have either three or four bedrooms, which is average sized relative to America.
Jordan homes and real estate are some of the newest in America. 45.42% of Jordan's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Jordan real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.28%), and before 1939 ( 18.76%). There's also some housing in Jordan built between 1940-1969 ( 3.54%).
Real estate appreciation rates in Jordan's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.77% during the period.
Over the last year, Jordan appreciation rates have trailed the rest of the nation. In the last twelve months, Jordan's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jordan were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Jordan's latest annual appreciation rate is lower than 60% of the other cities and towns in Minnesota.
$379,901
for Minnesota
for nation
2,008
$1,784 / per month