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 7,423 people, 2,900 houses or apartments, and a median cost of homes of $146,671, house prices in Jasper are solidly below the national average.
Single-family detached homes are the single most common housing type in Jasper, accounting for 44.99% of the city's housing units. Other types of housing that are prevalent in Jasper include mobile homes or trailers ( 19.04%), row houses and other attached homes ( 16.48%), and a few large apartment complexes or high rise apartments ( 10.21%).
The most prevalent building size and type in Jasper are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.29% owning and 38.71% renting.
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 1940-1969 ( 28.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.65%). There's also some housing in Jasper built before 1939 ( 4.48%).
Vacant housing appears to be an issue in Jasper. Fully 17.73% 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Jasper, where house values have increased just 43.08%, which is annualized rate of 3.65%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Jasper appreciation rates have trailed the rest of the nation. In the last twelve months, Jasper's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jasper were at 1.44%, which equates to an annual appreciation rate of 5.89%.
Relative to Texas, our data show that Jasper's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$146,671
for Texas
for nation
2,900
$1,237 / per month