Aberdeen, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Aberdeen, MS Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aberdeen Housing Market Information

With a population of 5,397, 2,196 total housing units (homes and apartments), and a median house value of $69,909, 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 68.06% of the city's housing units. Other types of housing that are prevalent in Aberdeen include mobile homes or trailers ( 13.91%), duplexes, homes converted to apartments or other small apartment buildings ( 11.30%), and a few large apartment complexes or high rise apartments ( 5.80%).

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 54.73% owning and 45.27% 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 46.01% of the city's housing hails from this era. Other housing ages represented in Aberdeen include homes built between 1970-1999 ( 41.84%) and housing constructed before 1939 ( 9.97%). There's also some housing in Aberdeen built between 2000 and later ( 2.18%).

Vacant housing appears to be an issue in Aberdeen. Fully 14.45% 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

Appreciation rates for homes in Aberdeen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.41%, which ranks in the top 30% nationwide. This equates to an annual average Aberdeen house appreciation rate of 0.90%.

Appreciation rates are so strong in Aberdeen that despite a nationwide downturn in the housing market, Aberdeen real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aberdeen appreciation rates continue to be some of the highest in America, at 10.40%, which is higher than appreciation rates in 94.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aberdeen. Aberdeen appreciation rates in the latest quarter were at 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Aberdeen's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$69,909

Aberdeen, MS HOME PRICES

Value Range
> $1,081,000 0.0
$811,001 - $1,081,000 0.0
$541,001 - $811,000 0.0
$433,001 - $541,000 1.0
$325,001 - $433,000 0.0
$216,001 - $325,000 5.4
$108,001 - $216,000 16.9
$54,001 - $108,000 44.0
$0 - $54,000 32.6

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
95.2888784718153 84.0816326530612

Number Of Homes And Apartments:
2,196

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.73% 1.15% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$784 / per month

Homeownership Rate

Homeownership
Owners 54.73
Renters 45.27
Vacant 14.45

Housing Market Details

 

Age of Homes

AGE OF Aberdeen HOMES
2000 or Newer 2.2
1970 - 1999 41.8
1940 - 1969 46.0
1939 or Older 10.0

Types of Homes

TYPE OF Aberdeen HOMES
Single-Family 68.1
Townhomes 0.9
Small Apt. Buildings 11.3
Apt. Complexes 5.8
Mobile Homes 13.9
Other 0.0

Home Size

SIZE OF Aberdeen HOMES
No Bedroom 0.00
1 Bedroom 12.70
2 Bedrooms 24.54
3 Bedrooms 50.06
4 Bedrooms 9.62
5 or more bedrooms 3.08

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Zip Codes in Aberdeen, MS