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 2,035 people, 986 houses or apartments, and a median cost of homes of $155,436, house prices in Jamestown are some of the most affordable in Tennessee as well as the nation.
Single-family detached homes are the single most common housing type in Jamestown, accounting for 50.30% of the city's housing units. Other types of housing that are prevalent in Jamestown include large apartment complexes or high rise apartments ( 25.40%), duplexes, homes converted to apartments or other small apartment buildings ( 15.38%), and a few mobile homes or trailers ( 8.92%).
Jamestown is dominated by renter-occupied one, two, or no bedrooms apartments. 74.23% of Jamestown's dwellings are rentals.
There is a lot of housing in Jamestown 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 Jamestown built between 1940-1969 ( 29.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.14%). There's also some housing in Jamestown built before 1939 ( 1.44%).
Vacant housing appears to be an issue in Jamestown. Fully 16.23% of the housing stock is classified as vacant. Left unchecked, vacant Jamestown homes and apartments can be a drag on the real estate market, holding Jamestown 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.
In the last 10 years, Jamestown has experienced some of the highest home appreciation rates of any community in the nation. Jamestown real estate appreciated 119.20% over the last ten years, which is an average annual home appreciation rate of 8.16%, putting Jamestown in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jamestown definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Jamestown's appreciation rate, at 5.57%, has been at or slightly above the national average. In the latest quarter, Jamestown's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Jamestown's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.
$155,436
for Tennessee
for nation
986
$991 / per month