Pascagoula appreciation rates and housing market information

Pascagoula housing market information

With 26,222 people, 10,942 houses or apartments, and a median cost of homes of $134,058, Pascagoula real estate is some of the most expensive in Mississippi, although Pascagoula home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Pascagoula, accounting for 62.53% of the city's housing units. Other types of housing that are prevalent in Pascagoula include large apartment complexes or high rise apartments (20.84%), duplexes, homes converted to apartments, or other small apartment buildings (11.60%), row houses and other attached homes (2.49%), and a few mobile homes or trailers (2.48%).

The most prevalent building size and type in Pascagoula are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 51.06% owning, and 39.01% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pascagoula's housing was primarily built during this period, from the '40s through the '60s. A full 53.23% of the city's housing hails from this era. Other housing ages represented in Pascagoula include homes built between 1970-1994 (38.70%), and housing constructed from 1939 and earlier (6.46%). There's also some housing in Pascagoula built between 1995 and later (1.61%).

Pascagoula home appreciation rates

Real estate appreciation rates in Pascagoula have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.66% during the period.

Over the last year, Pascagoula appreciation rates have trailed the rest of the nation. In the last twelve months, Pascagoula's appreciation rate has been -1.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pascagoula were at 0.59%, which equates to an annual appreciation rate of 2.36%.

Relative to Mississippi, our data show that Pascagoula's latest annual appreciation rate is higher than 6% 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 Pascagoula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pascagoula - 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 Pascagoula real estate investment or home purchase decisions.