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 6,968, 2,533 total housing units (homes and apartments), and a median house value of $144,751, the cost of homes in Jayess is among some of the lowest in the nation. Compared to Mississippi, however, Jayess real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Jayess, accounting for 67.22% of the town's housing units. Other types of housing that are prevalent in Jayess include mobile homes or trailers ( 30.92%), row houses and other attached homes ( 1.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jayess. Owner-occupied housing accounts for 87.79% of Jayess's homes, and 78.60% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Jayess 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 Jayess built between 2000 and later ( 18.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.62%). There's also some housing in Jayess built before 1939 ( 1.11%).
Vacant housing appears to be an issue in Jayess. Fully 26.61% of the housing stock is classified as vacant. Left unchecked, vacant Jayess homes and apartments can be a drag on the real estate market, holding Jayess 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Jayess, where house values have increased just 54.73%, which is annualized rate of 4.46%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Jayess's appreciation rate, at 5.63%, has been at or slightly above the national average. In the latest quarter, Jayess's appreciation rate has been 2.38%, which annualizes to a rate of 9.88%.
Relative to Mississippi, our data show that Jayess's latest annual appreciation rate is lower than 60% of the other cities and towns in Mississippi.
$144,751
for Mississippi
for nation
2,533
$1,319 / per month