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 2,177 people, 894 houses or apartments, and a median cost of homes of $200,000, house prices in Jonesville are solidly below the national average.
Single-family detached homes are the single most common housing type in Jonesville, accounting for 68.30% of the city's housing units. Other types of housing that are prevalent in Jonesville include large apartment complexes or high rise apartments ( 16.54%), duplexes, homes converted to apartments or other small apartment buildings ( 9.10%), and a few mobile homes or trailers ( 5.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jonesville. Owner-occupied housing accounts for 69.46% of Jonesville's homes, and 60.96% have either three or four bedrooms, which is average sized relative to America.
The housing in Jonesville was primarily built before 1939 ( 38.65%), making the housing stock in Jonesville some of the oldest overall in America, although there is a range of ages of homes in Jonesville. The next most important housing age is between 1970-1999 ( 33.07%), followed by between 1940-1969 ( 25.34%). There's also some housing in Jonesville built between 2000 and later ( 2.94%).
Vacant housing appears to be an issue in Jonesville. Fully 12.52% of the housing stock is classified as vacant. Left unchecked, vacant Jonesville homes and apartments can be a drag on the real estate market, holding Jonesville 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 Jonesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.61%, which ranks in the top 30% nationwide. This equates to an annual average Jonesville house appreciation rate of 7.58%.
NeighborhoodScout's data show that during the latest twelve months, Jonesville's appreciation rate, at 6.68%, has been at or slightly above the national average. In the latest quarter, Jonesville's appreciation rate has been 0.88%, which annualizes to a rate of 3.56%.
Relative to Michigan, our data show that Jonesville's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.
$200,000
for Michigan
for nation
894
$1,252 / per month