Booneville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Booneville, MS Real Estate Data


Booneville Housing Market Information

With a population of 8,816, 2,986 total housing units (homes and apartments), and a median house value of $96,184, the cost of homes in Booneville is among some of the lowest in the nation. Compared to Mississippi, however, Booneville real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Booneville, accounting for 74.22% of the city's housing units. Other types of housing that are prevalent in Booneville include duplexes, homes converted to apartments or other small apartment buildings ( 11.03%), large apartment complexes or high rise apartments ( 7.99%), and a few mobile homes or trailers ( 6.75%).

The most prevalent building size and type in Booneville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.12% owning and 46.88% renting.

There is a lot of housing in Booneville 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 Booneville built between 1940-1969 ( 21.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.22%). There's also some housing in Booneville built before 1939 ( 7.48%).

Booneville Home Appreciation Rates

Appreciation rates for homes in Booneville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.35%, which ranks in the top 30% nationwide. This equates to an annual average Booneville house appreciation rate of 1.17%.

Over the last year, Booneville appreciation rates have trailed the rest of the nation. In the last twelve months, Booneville's appreciation rate has been 3.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Booneville were at 1.35%, which equates to an annual appreciation rate of 5.52%.

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

Average Home Values

 

Median Home Value:
$96,184

Booneville, MS HOME PRICES

Value Range
> $1,082,000 0.0
$812,001 - $1,082,000 0.0
$542,001 - $812,000 0.1
$433,001 - $542,000 0.0
$325,001 - $433,000 0.4
$217,001 - $325,000 3.4
$108,001 - $217,000 31.6
$54,001 - $108,000 42.9
$0 - $54,000 21.6

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
81.3257597938748 42.8571428571429

Number Of Homes And Apartments:
2,986

Rent & Ownership

 

Average Market Rent:
$793 / per month

Homeownership Rate

Homeownership
Owners 53.12
Renters 46.88
Vacant 9.98

Housing Market Details

 

Age of Homes

AGE OF Booneville HOMES
2000 or Newer 15.2
1970 - 1999 56.1
1940 - 1969 21.2
1939 or Older 7.5

Types of Homes

TYPE OF Booneville HOMES
Single-Family 74.2
Townhomes 0.0
Small Apt. Buildings 11.0
Apt. Complexes 8.0
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Booneville HOMES
No Bedroom 3.26
1 Bedroom 8.65
2 Bedrooms 21.86
3 Bedrooms 51.10
4 Bedrooms 12.39
5 or more bedrooms 2.74

Booneville 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
30.00% 1.56% 3 3
* 10 is highest

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