Aberdeen, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Aberdeen Neighborhoods Since 2000




Aberdeen, MS Real Estate Data


Aberdeen Housing Market Information

With a population of 5,397, 2,086 total housing units (homes and apartments), and a median house value of $63,446, house prices in Aberdeen are some of the most affordable in Mississippi as well as the nation.

Single-family detached homes are the single most common housing type in Aberdeen, accounting for 68.27% of the city's housing units. Other types of housing that are prevalent in Aberdeen include mobile homes or trailers ( 15.93%), duplexes, homes converted to apartments or other small apartment buildings ( 8.79%), and a few large apartment complexes or high rise apartments ( 6.21%).

The most prevalent building size and type in Aberdeen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.09% owning and 36.91% 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. Aberdeen's housing was primarily built during this period, from the '40s through the '60s. A full 48.06% of the city's housing hails from this era. Other housing ages represented in Aberdeen include homes built between 1970-1999 ( 38.75%) and housing constructed before 1939 ( 12.10%). There's also some housing in Aberdeen built between 2000 and later ( 1.09%).

Vacant housing appears to be an issue in Aberdeen. Fully 15.89% of the housing stock is classified as vacant. Left unchecked, vacant Aberdeen homes and apartments can be a drag on the real estate market, holding Aberdeen 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.

Aberdeen Home Appreciation Rates

Real estate appreciation rates in Aberdeen's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.17% during the period.

NeighborhoodScout's data show that during the latest twelve months, Aberdeen's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Aberdeen's appreciation rate has been 1.35%, which annualizes to a rate of 5.52%.

Relative to Mississippi, our data show that Aberdeen's latest annual appreciation rate is lower than 70% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$63,446

Aberdeen, MS HOME PRICES

Value Range
> $989,000 0.0
$741,001 - $989,000 0.0
$494,001 - $741,000 0.0
$396,001 - $494,000 1.0
$297,001 - $396,000 0.0
$198,001 - $297,000 4.7
$99,001 - $198,000 17.2
$49,001 - $99,000 42.2
$0 - $49,000 34.9

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
97.5698307665281 92.6530612244898

Number Of Homes And Apartments:
2,086

Rent & Ownership

 

Average Market Rent:
$664 / per month

Homeownership Rate

Homeownership
Owners 63.09
Renters 36.91
Vacant 15.89

Housing Market Details

 

Age of Homes

AGE OF Aberdeen HOMES
2000 or Newer 1.1
1970 - 1999 38.8
1940 - 1969 48.1
1939 or Older 12.1

Types of Homes

TYPE OF Aberdeen HOMES
Single-Family 68.3
Townhomes 0.8
Small Apt. Buildings 8.8
Apt. Complexes 6.2
Mobile Homes 15.9
Other 0.0

Home Size

SIZE OF Aberdeen HOMES
No Bedroom 0.00
1 Bedroom 10.69
2 Bedrooms 26.94
3 Bedrooms 50.97
4 Bedrooms 9.07
5 or more bedrooms 2.34

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
8.38% 0.47% 1 1
* 10 is highest

Popular Communities Near Aberdeen, MS

Zip Codes in Aberdeen, MS