Long Beach appreciation rates and housing market information

Long Beach housing market information

With 17,745 people, 7,295 houses or apartments, and a median cost of homes of $175,519, Long Beach real estate is some of the most expensive in Mississippi, although Long Beach home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Long Beach, accounting for 72.10% of the city's housing units. Other types of housing that are prevalent in Long Beach include large apartment complexes or high rise apartments (14.57%), duplexes, homes converted to apartments, or other small apartment buildings (10.87%), row houses and other attached homes (1.59%), and a few mobile homes or trailers (0.86%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Long Beach. Owner-occupied housing accounts for 59.70% of Long Beach's homes, and 64.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Long Beach built from 1970-1994, 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 Long Beach built from 1940-1969 (36.11%). A lesser amount of the housing stock also hails from 1995 and later (13.68%), and some were built from 1939 and earlier (13.68%).

Long Beach home appreciation rates

Long Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Long Beach during the period has been just 5.83%, which is lower than % of US communities.

Over the last year, Long Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Long Beach's appreciation rate has been -5.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Long Beach were at 1.33%, which equates to an annual appreciation rate of 5.32%.

Relative to Mississippi, our data show that Long Beach's latest annual appreciation rate is higher than 1% of the other cities and towns in Mississippi.