Jackson, MI - House Price Index (HPI)
Jackson Real Estate Market Forecast  (MI)
The House Price Index (HPI) shows changes in Jackson, MI single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
Jackson Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27749
Commentary  365.56
4th Quarter, 2017 Housing Statistics: Jackson, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      93%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Jackson housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Jackson is 93%. In other words, when tested against historical
data, the forecasting methodology was correct 93% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jackson is 93% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Jackson Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Jackson housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Jackson is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jackson is 85% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Jackson Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Jackson, Michigan


Historical Home Price Appreciation
Last Quarter                         2.71%
Last Year                              9.8%
Last 5 Years                         34%
Last 10 Years                       3%
Last 20 Years                       42%
Decline From All Time High   6.00%


Annual Home Price Appreciation Rates
1988      9.33%
1989      9.16%
1990      7.98%
1991      4.54%
1992      5.32%
1993      3.41%
1994      3.72%
1995      12.42%
1996      6.96%
1997      7.07%
1998      6.86%
1999      5.64%
2000      7.17%
2001      6.29%
2002      4.15%
2003      5.34%
2004      4.14%
2005      3.18%
2006      -2.90%
2007      -6.44%
2008      -7.45%
2009      -7.11%
2010      -5.43%
2011      -5.16%
2012      -0.01%
2013      5.31%
2014      7.11%
2015      5.88%
2016      2.34%
2017      9.79%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.71%         Rank: 35 of 381 (91st Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.8%          Rank: 47 of 381 (87th Percentile)
Last 5 Years                              34%            Rank: 98 of 381 (74th Percentile)
Last 10 Years  . . . . . . . . . . . .   3%              Rank: 227 of 381 (40th Percentile)
Last 20 Years                            42%            Rank: 341 of 379 (10th Percentile)
Decline From All Time High        6.00%

The change in home prices for Jackson, MI are shown above for five time
periods. For example: Jackson appreciated 2.71% in the Last Quarter. At that
rate, the Jackson Real Estate Market was ranked 35th out of 381 metropolitan
Real Estate Markets. Jackson was in the 91st percentile. So Jackson, MI
performed better in the Last Quarter than 91% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Jackson, Michigan

The all time high in the Jackson Home Price Index was 187.8 in the 4th Quarter,
of 2005. The 4th Quarter, 2017 index value was 176.5. That's a decline of
11.27 points or 6.00% below the Jackson Home Price Index all time high.  The
Home Price Index indicates that the Jackson Market is up 3% over the last 10
years. Home prices in the Jackson Real Estate Market have gained 9.79% over
the last 12 months. Over the last thirty years, it is up 179%.

The 4th Quarter index value was 4.66 points higher than the 3rd Quarter, 2017
index value of 171.86, resulting in a 2.71% rise in the 4th Quarter for the
Jackson Market.

The Jackson Home Price Index has increased for the last 7 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 26 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana,
TX-AR; Springfield, MA and Peoria, IL, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Jackson Real Estate
Market was 20% in the twelve months ended with the 2nd Quarter of 1987. The
worst annual change in home values  in the Jackson Market was -12% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Jackson Real Estate Market over a
three year period was 46% in the three years ended with the 2nd Quarter of
1989. The worst performance over a three year period in the Jackson Market
was -24% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Jackson Home Price Index (above).
For information about Michigan home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Jackson Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Jackson Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Jackson Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2017 Housing Data: Jackson, Michigan

The trend of Jackson Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 4th Quarter of 2017, Jackson Home Prices had a rank of 35, with
appreciation of 2.71%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Jackson Home Prices had a rank of 47, with
appreciation during the year of 9.79%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Jackson Home Prices
ranked 98, with a total appreciation of 34.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Jackson Home Prices
had a rank of 227, with appreciation during the decade of 3%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Jackson Home Prices
had a rank of 341, with total growth over the 20 year period of 42%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Jackson Real Estate
Market is available back to the 3rd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Jackson. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Tuesday, March 27, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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