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 2,035, 986 total housing units (homes and apartments), and a median house value of $152,047, 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.
Appreciation rates for homes in Jamestown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.25%, which ranks in the top 30% nationwide. This equates to an annual average Jamestown house appreciation rate of 7.92%.
NeighborhoodScout's data show that during the latest twelve months, Jamestown's appreciation rate, at 8.08%, has been at or slightly above the national average. In the latest quarter, Jamestown's appreciation rate has been 1.87%, which annualizes to a rate of 7.67%.
Relative to Tennessee, our data show that Jamestown's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.
$152,047
for Tennessee
for nation
986
$977 / per month