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 1,423 people, 488 houses or apartments, and a median cost of homes of $210,958, house prices in Terry are solidly below the national average.
Single-family detached homes are the single most common housing type in Terry, accounting for 77.63% of the town's housing units. Other types of housing that are prevalent in Terry include mobile homes or trailers ( 16.35%), row houses and other attached homes ( 4.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Terry. Owner-occupied housing accounts for 88.93% of Terry's homes, and 75.75% have either three or four bedrooms, which is average sized relative to America.
Terry homes and real estate are some of the newest in America. 49.62% of Terry's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Terry real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.88%), and between 1940-1969 ( 18.05%). There's also some housing in Terry built before 1939 ( 5.45%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Terry, where house values have increased just 43.23%, which is annualized rate of 3.66%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Terry appreciation rates have trailed the rest of the nation. In the last twelve months, Terry's appreciation rate has been 1.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Terry were at 1.33%, which equates to an annual appreciation rate of 5.45%.
Relative to Mississippi, our data show that Terry's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.
$210,958
for Mississippi
for nation
488
$1,328 / per month