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 28,158 people, 10,725 houses or apartments, and a median cost of homes of $297,879, Lake Jackson 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 Lake Jackson, accounting for 66.50% of the city's housing units. Other types of housing that are prevalent in Lake Jackson include large apartment complexes or high rise apartments ( 28.54%), duplexes, homes converted to apartments or other small apartment buildings ( 3.69%).
The most prevalent building size and type in Lake Jackson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.42% owning and 38.58% renting.
There is a lot of housing in Lake Jackson 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 Lake Jackson built between 1940-1969 ( 24.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.58%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Lake Jackson, where house values have increased just 59.34%, which is annualized rate of 4.77%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Lake Jackson appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Jackson's appreciation rate has been 0.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Jackson were at 0.54%, which equates to an annual appreciation rate of 2.17%.
Relative to Texas, our data show that Lake Jackson's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lake Jackson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Jackson - 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 Lake Jackson real estate investment or home purchase decisions.
$297,879
for Texas
for nation
10,725
$1,993 / per month