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 822, 324 total housing units (homes and apartments), and a median house value of $161,942, house prices in Jewett are solidly below the national average.
Single-family detached homes are the single most common housing type in Jewett, accounting for 41.72% of the city's housing units. Other types of housing that are prevalent in Jewett include mobile homes or trailers ( 41.03%), large apartment complexes or high rise apartments ( 11.19%), and a few row houses and other attached homes ( 3.73%).
The most prevalent building size and type in Jewett are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.08% owning and 47.92% renting.
There is a lot of housing in Jewett 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 Jewett built between 2000 and later ( 19.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.26%).
Vacant housing appears to be an issue in Jewett. Fully 24.48% of the housing stock is classified as vacant. Left unchecked, vacant Jewett homes and apartments can be a drag on the real estate market, holding Jewett 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 Jewett have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.24%, which ranks in the top 40% nationwide. This equates to an annual average Jewett house appreciation rate of 7.14%.
Over the last year, Jewett appreciation rates have trailed the rest of the nation. In the last twelve months, Jewett's appreciation rate has been 2.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jewett were at -0.76%, which equates to an annual appreciation rate of -2.99%.
Relative to Texas, our data show that Jewett's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$161,942
for Texas
for nation
324
$1,036 / per month