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 3,046 people, 1,237 houses or apartments, and a median cost of homes of $168,917, the cost of homes in Baldwyn is among some of the lowest in the nation. Compared to Mississippi, however, Baldwyn real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Baldwyn, accounting for 73.35% of the city's housing units. Other types of housing that are prevalent in Baldwyn include mobile homes or trailers ( 14.34%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few large apartment complexes or high rise apartments ( 4.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Baldwyn. Owner-occupied housing accounts for 70.74% of Baldwyn's homes, and 68.08% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Baldwyn 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 Baldwyn built between 1940-1969 ( 23.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.23%). There's also some housing in Baldwyn built before 1939 ( 9.31%).
Vacant housing appears to be an issue in Baldwyn. Fully 24.20% of the housing stock is classified as vacant. Left unchecked, vacant Baldwyn homes and apartments can be a drag on the real estate market, holding Baldwyn 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.
Baldwyn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Baldwyn during the period has been just 5.64%, which is lower than 70% of US communities.
Over the last year, Baldwyn appreciation rates have trailed the rest of the nation. In the last twelve months, Baldwyn's appreciation rate has been 3.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Baldwyn were at 2.38%, which equates to an annual appreciation rate of 9.88%.
Relative to Mississippi, our data show that Baldwyn's latest annual appreciation rate is lower than 80% of the other cities and towns in Mississippi.
$168,917
for Mississippi
for nation
1,237
$1,073 / per month