Highest Appreciating Hattiesburg Neighborhoods Since 1990
|1||Dixie Pine / Palmers ...|
|2||Route 98 / Cole Rd|
|3||Dixie / McLaurin|
|4||Edwards St / James St|
|5||Broadway Dr / Richbur...|
|7||Richburg / Okahola|
|8||Rawls Springs / Glendale|
|10||Hardy St / Mamie St|
Popular neighborhoods in Hattiesburg
Hattiesburg appreciation rates and housing market information
Hattiesburg housing market information
With a population of 46,726, 18,501 total housing units (homes and apartments), and a median house value of $110,803, Hattiesburg real estate is some of the most expensive in Mississippi, although Hattiesburg home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Hattiesburg, accounting for 51.46% of the city's housing units. Other types of housing that are prevalent in Hattiesburg include large apartment complexes or high rise apartments (32.98%), duplexes, homes converted to apartments or other small apartment buildings (12.30%), and a few mobile homes or trailers (2.23%).
People in Hattiesburg primarily live in small (one, two or no bedroom) single-family detached homes. Hattiesburg has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Hattiesburg 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 Hattiesburg built between 1940-1969 (30.87%). A lesser amount of the housing stock also hails from between 2000 and later (20.90%). There's also some housing in Hattiesburg built before 1939 (9.32%).
Vacant housing appears to be an issue in Hattiesburg. Fully 14.69% of the housing stock is classified as vacant. Left unchecked, vacant Hattiesburg homes and apartments can be a drag on the real estate market, holding Hattiesburg 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.
Hattiesburg home appreciation rates
Appreciation rates for homes in Hattiesburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 26.67%, which ranks in the top 30% nationwide. This equates to an annual average Hattiesburg house appreciation rate of 2.39%.
Appreciation rates are so strong in Hattiesburg that despite a nationwide downturn in the housing market, Hattiesburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hattiesburg appreciation rates continue to be some of the highest in America, at 5.73%, which is higher than appreciation rates in 77.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hattiesburg. Hattiesburg appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.54%.
Importantly, this makes Hattiesburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Mississippi, our data show that Hattiesburg's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hattiesburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hattiesburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Hattiesburg real estate investment or home purchase decisions.
|PERIOD||TOTAL APPRECIATION||AVG. ANNUAL RATE||
|Last 10 Years||26.67%||2.39%||8||8|
|Last 5 Years||7.15%||1.39%||9||8|
|Last 2 Years||6.08%||2.99%||9||7|
|Last 12 Months||5.73%||5.73%||10||8|
|Looking to Refinance? Compare Offers Using LendingTree||* 10 is highest|
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