Bentonia, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bentonia, MS Real Estate Data


Bentonia Housing Market Information

With a population of 426, 169 total housing units (homes and apartments), and a median house value of $68,284, house prices in Bentonia 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 Bentonia, accounting for 77.32% of the town's housing units. Other types of housing that are prevalent in Bentonia include large apartment complexes or high rise apartments ( 9.79%), mobile homes or trailers ( 9.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.09%).

The most prevalent building size and type in Bentonia are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.31% owning and 36.69% renting.

There is a lot of housing in Bentonia 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 Bentonia built between 1940-1969 ( 31.96%). A lesser amount of the housing stock also hails from before 1939 ( 13.92%). There's also some housing in Bentonia built between 2000 and later ( 8.25%).

Vacant housing appears to be an issue in Bentonia. Fully 12.89% of the housing stock is classified as vacant. Left unchecked, vacant Bentonia homes and apartments can be a drag on the real estate market, holding Bentonia 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.

Bentonia Home Appreciation Rates

Appreciation rates for homes in Bentonia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.69%, which ranks in the top 50% nationwide. This equates to an annual average Bentonia house appreciation rate of 0.27%.

Appreciation rates are so strong in Bentonia that despite a nationwide downturn in the housing market, Bentonia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bentonia appreciation rates continue to be some of the highest in America, at 5.95%, which is higher than appreciation rates in 72.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bentonia. Bentonia appreciation rates in the latest quarter were at 3.18%, which equates to an annual appreciation rate of 13.36%.

Importantly, this makes Bentonia one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Mississippi, our data show that Bentonia's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$68,284

Bentonia, MS HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.0
$424,001 - $530,000 0.4
$318,001 - $424,000 0.5
$212,001 - $318,000 3.0
$106,001 - $212,000 23.3
$53,001 - $106,000 38.1
$0 - $53,000 34.7

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
95.8426110394937 86.1224489795918

Number Of Homes And Apartments:
169

Rent & Ownership

 

Average Market Rent:
$967 / per month

Homeownership Rate

Homeownership
Owners 63.31
Renters 36.69
Vacant 12.89

Housing Market Details

 

Age of Homes

AGE OF Bentonia HOMES
2000 or Newer 8.2
1970 - 1999 45.9
1940 - 1969 32.0
1939 or Older 13.9

Types of Homes

TYPE OF Bentonia HOMES
Single-Family 77.3
Townhomes 0.5
Small Apt. Buildings 3.1
Apt. Complexes 9.8
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Bentonia HOMES
No Bedroom 2.06
1 Bedroom 11.34
2 Bedrooms 26.80
3 Bedrooms 49.48
4 Bedrooms 8.76
5 or more bedrooms 1.55

Bentonia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
12.83% 0.70% 1 1
* 10 is highest

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