Batesville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Batesville, MS Real Estate Data


Batesville Housing Market Information

With a population of 7,385, 2,693 total housing units (homes and apartments), and a median house value of $121,130, house prices in Batesville are solidly below the national average.

Single-family detached homes are the single most common housing type in Batesville, accounting for 73.83% of the city's housing units. Other types of housing that are prevalent in Batesville include large apartment complexes or high rise apartments ( 11.49%), mobile homes or trailers ( 6.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Batesville. Owner-occupied housing accounts for 66.02% of Batesville's homes, and 68.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Batesville built from 1970 to 1999 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 Batesville built between 1940-1969 ( 29.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.48%). There's also some housing in Batesville built before 1939 ( 3.09%).

Vacant housing appears to be an issue in Batesville. Fully 12.34% of the housing stock is classified as vacant. Left unchecked, vacant Batesville homes and apartments can be a drag on the real estate market, holding Batesville 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.

Batesville Home Appreciation Rates

Appreciation rates for homes in Batesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.85%, which ranks in the top 40% nationwide. This equates to an annual average Batesville house appreciation rate of 0.85%.

NeighborhoodScout's data show that during the latest twelve months, Batesville's appreciation rate, at 4.83%, has been at or slightly above the national average. In the latest quarter, Batesville's appreciation rate has been 1.35%, which annualizes to a rate of 5.52%.

Relative to Mississippi, our data show that Batesville's latest annual appreciation rate is lower than 60% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$121,130

Batesville, MS HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.8
$544,001 - $815,000 0.0
$434,001 - $544,000 0.0
$326,001 - $434,000 6.6
$218,001 - $326,000 10.9
$109,001 - $218,000 40.9
$55,001 - $109,000 28.6
$0 - $55,000 12.1

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
65.6848392574808 22.4489795918367

Number Of Homes And Apartments:
2,693

Rent & Ownership

 

Average Market Rent:
$1,055 / per month

Homeownership Rate

Homeownership
Owners 66.02
Renters 33.98
Vacant 12.34

Housing Market Details

 

Age of Homes

AGE OF Batesville HOMES
2000 or Newer 13.5
1970 - 1999 54.0
1940 - 1969 29.5
1939 or Older 3.1

Types of Homes

TYPE OF Batesville HOMES
Single-Family 73.8
Townhomes 1.3
Small Apt. Buildings 6.7
Apt. Complexes 11.5
Mobile Homes 6.7
Other 0.0

Home Size

SIZE OF Batesville HOMES
No Bedroom 1.27
1 Bedroom 7.81
2 Bedrooms 20.21
3 Bedrooms 55.31
4 Bedrooms 12.73
5 or more bedrooms 2.67

Batesville 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
46.20% 2.26% 7 5
* 10 is highest

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Zip Codes in Batesville, MS