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 12,824, 5,988 total housing units (homes and apartments), and a median house value of $78,653, house prices in Jennings are some of the most affordable in Missouri as well as the nation.
Single-family detached homes are the single most common housing type in Jennings, accounting for 74.58% of the city's housing units. Other types of housing that are prevalent in Jennings include large apartment complexes or high rise apartments ( 15.50%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), and a few row houses and other attached homes ( 2.54%).
People in Jennings primarily live in small (one, two or no bedroom) single-family detached homes. Jennings has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jennings's housing was primarily built during this period, from the '40s through the '60s. A full 60.65% of the city's housing hails from this era. Other housing ages represented in Jennings include homes built before 1939 ( 18.43%) and housing constructed between 1970-1999 ( 11.38%). There's also some housing in Jennings built between 2000 and later ( 9.53%).
Vacant housing appears to be an issue in Jennings. Fully 20.65% of the housing stock is classified as vacant. Left unchecked, vacant Jennings homes and apartments can be a drag on the real estate market, holding Jennings 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.
Real estate appreciation rates in Jennings's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.
Over the last year, Jennings appreciation rates have trailed the rest of the nation. In the last twelve months, Jennings's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jennings were at 1.09%, which equates to an annual appreciation rate of 4.45%.
Relative to Missouri, our data show that Jennings's latest annual appreciation rate is higher than 50% of the other cities and towns in Missouri.
$78,653
for Missouri
for nation
5,988
$1,301 / per month