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 51,030, 20,411 total housing units (homes and apartments), and a median house value of $247,488, house prices in Jeffersonville are solidly below the national average.
Single-family detached homes are the single most common housing type in Jeffersonville, accounting for 70.83% of the city's housing units. Other types of housing that are prevalent in Jeffersonville include large apartment complexes or high rise apartments ( 13.34%), row houses and other attached homes ( 7.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.33%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jeffersonville. Owner-occupied housing accounts for 70.21% of Jeffersonville's homes, and 62.60% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Jeffersonville 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 Jeffersonville built between 2000 and later ( 26.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.24%). There's also some housing in Jeffersonville built before 1939 ( 7.69%).
Vacant housing appears to be an issue in Jeffersonville. Fully 10.12% of the housing stock is classified as vacant. Left unchecked, vacant Jeffersonville homes and apartments can be a drag on the real estate market, holding Jeffersonville 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.
Appreciation rates for homes in Jeffersonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.89%, which ranks in the top 40% nationwide. This equates to an annual average Jeffersonville house appreciation rate of 7.17%.
Over the last year, Jeffersonville appreciation rates have trailed the rest of the nation. In the last twelve months, Jeffersonville's appreciation rate has been 3.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jeffersonville were at 0.92%, which equates to an annual appreciation rate of 3.75%.
Relative to Indiana, our data show that Jeffersonville's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jeffersonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jeffersonville - 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 Jeffersonville real estate investment or home purchase decisions.
$247,488
for Indiana
for nation
20,411
$1,758 / per month