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 2,780 people, 1,013 houses or apartments, and a median cost of homes of $169,102, house prices in Jemison are solidly below the national average.
Single-family detached homes are the single most common housing type in Jemison, accounting for 73.17% of the city's housing units. Other types of housing that are prevalent in Jemison include mobile homes or trailers ( 20.17%), large apartment complexes or high rise apartments ( 4.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jemison. Owner-occupied housing accounts for 79.47% of Jemison's homes, and 73.92% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Jemison 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 Jemison built between 1940-1969 ( 27.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.85%). There's also some housing in Jemison built before 1939 ( 3.10%).
Real estate appreciation rates in Jemison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.44% during the period.
Over the last year, Jemison appreciation rates have trailed the rest of the nation. In the last twelve months, Jemison's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jemison were at -0.87%, which equates to an annual appreciation rate of -3.42%.
Notably, Jemison's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Jemison's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.
$169,102
for Alabama
for nation
1,013
$1,243 / per month