Pass Christian appreciation rates and housing market information

Pass Christian housing market information

With a population of 6,646, 3,313 total housing units (homes and apartments), and a median house value of $187,045, Pass Christian real estate is some of the most expensive in Mississippi, although Pass Christian home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Pass Christian, accounting for 76.24% of the city's housing units. Other types of housing that are prevalent in Pass Christian include large apartment complexes or high rise apartments (12.01%), duplexes, homes converted to apartments, or other small apartment buildings (8.09%), mobile homes or trailers (2.02%), and a few row houses and other attached homes (1.63%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pass Christian. Owner-occupied housing accounts for 58.44% of Pass Christian's homes, and 54.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pass Christian 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 Pass Christian built from 1940-1969 (36.01%). A lesser amount of the housing stock also hails from 1995 and later (15.73%), and some were built from 1939 and earlier (15.73%).

Vacant housing appears to be an issue in Pass Christian. Fully 19.34% of the housing stock is classified as vacant. Left unchecked, vacant Pass Christian homes and apartments can be a drag on the real estate market, holding Pass Christian 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.

Pass Christian home appreciation rates

Real estate appreciation rates in Pass Christian have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.52% during the period.

Over the last year, Pass Christian appreciation rates have trailed the rest of the nation. In the last twelve months, Pass Christian's appreciation rate has been -3.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pass Christian were at 1.76%, which equates to an annual appreciation rate of 7.04%.

Importantly, this makes Pass Christian 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 Pass Christian's latest annual appreciation rate is higher than 3% of the other cities and towns in Mississippi.