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 1,624, 754 total housing units (homes and apartments), and a median house value of $266,221, Jefferson real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Jefferson, accounting for 53.37% of the town's housing units. Other types of housing that are prevalent in Jefferson include large apartment complexes or high rise apartments ( 36.74%), duplexes, homes converted to apartments or other small apartment buildings ( 8.14%), and a few mobile homes or trailers ( 1.16%).
People in Jefferson primarily live in small (one, two or no bedroom) single-family detached homes. Jefferson has a mixture of owner-occupied and renter-occupied housing.
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 ( 30.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.95%). There's also some housing in Jefferson built before 1939 ( 5.23%).
Vacant housing appears to be an issue in Jefferson. Fully 12.33% of the housing stock is classified as vacant. Left unchecked, vacant Jefferson homes and apartments can be a drag on the real estate market, holding Jefferson 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 Jefferson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.63%, which ranks in the top 50% nationwide. This equates to an annual average Jefferson house appreciation rate of 6.83%.
NeighborhoodScout's data show that during the latest twelve months, Jefferson's appreciation rate, at 6.75%, has been at or slightly above the national average. In the latest quarter, Jefferson's appreciation rate has been 1.46%, which annualizes to a rate of 5.96%.
Relative to North Carolina, our data show that Jefferson's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$266,221
for North carolina
for nation
754
$1,088 / per month