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 15,691 people, 7,045 houses or apartments, and a median cost of homes of $257,414, house prices in Jamestown are solidly below the national average.
Single-family detached homes are the single most common housing type in Jamestown, accounting for 47.99% of the city's housing units. Other types of housing that are prevalent in Jamestown include large apartment complexes or high rise apartments ( 30.46%), duplexes, homes converted to apartments or other small apartment buildings ( 11.22%), and a few mobile homes or trailers ( 5.73%).
People in Jamestown primarily live in small (one, two or no bedroom) single-family detached homes. Jamestown has a mixture of owner-occupied and renter-occupied housing.
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 ( 33.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.08%). There's also some housing in Jamestown built before 1939 ( 10.47%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Jamestown, where house values have increased just 46.22%, which is annualized rate of 3.87%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Jamestown's appreciation rate, at 7.28%, has been at or slightly above the national average. In the latest quarter, Jamestown's appreciation rate has been 4.70%, which annualizes to a rate of 20.15%.
Importantly, this makes Jamestown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to North Dakota, our data show that Jamestown's latest annual appreciation rate is lower than 60% of the other cities and towns in North Dakota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Jamestown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jamestown - 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 Jamestown real estate investment or home purchase decisions.
$257,414
for North dakota
for nation
7,045
$1,065 / per month