Jackson, MS - House Price Index (HPI)
Jackson Real Estate Market Forecast  (MS)
The House Price Index (HPI) shows changes in Jackson, MS 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
100
1000
10
Commentary  27750
3rd Quarter, 2017 Housing Statistics: Jackson, Mississippi


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

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 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Jackson is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jackson is 78% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Jackson Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      72%

The forecast for the trend in the Jackson housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Jackson is 72%. In other words, when tested against historical data, the
forecasting methodology was correct 72% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jackson is 72% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Jackson Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Jackson, Mississippi


Historical Home Price Appreciation
Last Quarter                         0.29%
Last Year                              1.5%
Last 5 Years                         8%
Last 10 Years                       5%
Last 20 Years                       56%
Decline From All Time High   0.94%


Annual Home Price Appreciation Rates
1987      -1.70%
1988      1.07%
1989      -0.23%
1990      -0.24%
1991      4.31%
1992      2.79%
1993      3.96%
1994      2.33%
1995      5.47%
1996      2.61%
1997      3.03%
1998      4.18%
1999      1.74%
2000      4.59%
2001      4.26%
2002      3.50%
2003      3.37%
2004      5.49%
2005      4.72%
2006      6.68%
2007      1.81%
2008      -0.59%
2009      -2.20%
2010      -0.80%
2011      0.63%
2012      -1.56%
2013      -1.30%
2014      3.34%
2015      1.80%
2016      5.45%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.29%         Rank: 299 of 381 (21st Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.5%           Rank: 338 of 381 (11th Percentile)
Last 5 Years                              8%              Rank: 314 of 381 (17th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 195 of 381 (48th Percentile)
Last 20 Years                            56%            Rank: 293 of 379 (22nd Percentile)
Decline From All Time High        0.94%

The change in home prices for Jackson, MS are shown above for five time
periods. For example: Jackson appreciated 0.29% in the Last Quarter. At that
rate, the Jackson Real Estate Market was ranked 299th out of 381 metropolitan
Real Estate Markets. Jackson was in the 21st percentile. So Jackson, MS
performed better in the Last Quarter than 21% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Jackson, Mississippi

The all time high in the Jackson Home Price Index was 171.5 in the 4th Quarter,
of 2016. The 3rd Quarter, 2017 index value was 169.9. That's a decline of 1.62
points or 0.94% below the Jackson Home Price Index all time high.  The Home
Price Index indicates that the Jackson Market is up 5% over the last 10 years.
Home prices in the Jackson Real Estate Market have gained 1.53% over the
last 12 months. Over the last thirty years, it is up 94%.

The 3rd Quarter index value was 0.49 points higher than the 2nd Quarter, 2017
index value of 169.40, resulting in a 0.29% rise in the 3rd Quarter for the
Jackson Market.

The Jackson Home Price Index increased in the last quarter after falling in the
previous 2 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 25 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Carbondale, IL, with declines in
the last 3 consecutive quarters.

The highest annual change in the value of houses in the Jackson Real Estate
Market was 24% in the twelve months ended with the 4th Quarter of 1982. The
worst annual change in home values  in the Jackson Market was -21% in the
twelve months ended with the 4th Quarter of 1981.

The highest growth in home values in the Jackson Real Estate Market over a
three year period was 36% in the three years ended with the 4th Quarter of
1984. The worst performance over a three year period in the Jackson Market
was -6% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Jackson Home Price Index (above).
For information about Mississippi 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
3rd Quarter, 2017 Housing Data: Jackson, Mississippi

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 3rd Quarter of 2017, Jackson Home Prices had a rank of 299, with
appreciation of 0.29%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Jackson Home Prices had a rank of 338, with
appreciation during the year of 1.53%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Jackson Home Prices
ranked 314, with a total appreciation of 8.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Jackson Home Prices
had a rank of 195, with appreciation during the decade of 5%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Jackson Home Prices
had a rank of 293, with total growth over the 20 year period of 56%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. 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 2nd Quarter, of 1982. 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 Friday, January 12, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030