Renter percentages in Jacksboro have generally mirrored the inverse of homeownership rates, increasing from 31% in 2013 to a peak of 38% in 2017, before settling at 33% in 2022. Average rent prices have shown more volatility. In 2013, the average rent was $613, rising to a peak of $683 in 2015, before fluctuating and ultimately decreasing to $590 in 2022. This trend doesn't directly correlate with the renter percentage, suggesting that other factors, such as local economic conditions or housing supply, may be influencing rent prices.

In 2023 and 2024, Jacksboro's housing market continued its upward trajectory. The average home price reached $255,704 in 2023 and further increased to $272,647 in 2024, representing a 13.9% rise over these two years. This growth occurred despite a significant increase in federal interest rates, which rose to 5.02% in 2023 and 5.33% in 2024, potentially impacting affordability for prospective homebuyers.

Looking ahead, predictive models suggest that Jacksboro's housing market will likely continue its growth trend, albeit potentially at a more moderate pace. Average home prices are projected to increase by approximately 3-5% annually over the next five years, potentially reaching around $315,000 by 2029. Rent prices, which have shown more variability, are predicted to stabilize and potentially increase by 2-3% annually, possibly reaching an average of $650-$675 per month by 2029.

In summary, Jacksboro has experienced a notable increase in average home prices despite fluctuations in homeownership rates. The rental market has shown more stability in recent years, with a slight decrease in both renter percentages and average rent prices. The town's housing market has demonstrated resilience and growth, even in the face of rising interest rates, suggesting a strong local demand for housing. As Jacksboro continues to evolve, these trends will likely shape its residential landscape and community dynamics in the coming years.