Tupelo appreciation rates and housing market information

Tupelo housing market information

With 34,418 people, 14,633 houses or apartments, and a median cost of homes of $151,157, Tupelo real estate is some of the most expensive in Mississippi, although Tupelo home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Tupelo, accounting for 66.86% of the city's housing units. Other types of housing that are prevalent in Tupelo include large apartment complexes or high rise apartments (14.54%), duplexes, homes converted to apartments, or other small apartment buildings (13.25%), row houses and other attached homes (3.13%), and a few mobile homes or trailers (2.21%).

The most prevalent building size and type in Tupelo are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 57.36% owning, and 34.78% renting.

There is a lot of housing in Tupelo 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 Tupelo built from 1940-1969 (31.32%). A lesser amount of the housing stock also hails from 1995 and later (11.39%), and some were built from 1939 and earlier (11.39%).

Tupelo home appreciation rates

Tupelo's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tupelo during the period has been just 5.63%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Tupelo home appreciation rates, at 2.19%, have been at or slightly above the national average. In the latest quarter, Tupelo's appreciation rate has been 0.06%, which annualizes to a rate of 0.24%.

Relative to Mississippi, our data show that Tupelo's latest annual appreciation rate is higher than 65% 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 Tupelo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tupelo - 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 Tupelo real estate investment or home purchase decisions.