Brandon, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brandon Neighborhoods Since 2000




Brandon, 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

Brandon Housing Market Information

With a population of 23,529, 8,167 total housing units (homes and apartments), and a median house value of $169,698, Brandon real estate is some of the most expensive in Mississippi, although Brandon home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Brandon, accounting for 78.80% of the city's housing units. Other types of housing that are prevalent in Brandon include large apartment complexes or high rise apartments ( 9.85%), duplexes, homes converted to apartments or other small apartment buildings ( 4.30%), and a few mobile homes or trailers ( 3.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brandon. Owner-occupied housing accounts for 76.84% of Brandon's homes, and 82.04% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brandon 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 Brandon built between 2000 and later ( 27.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.04%).

Brandon Home Appreciation Rates

Appreciation rates for homes in Brandon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.82%, which ranks in the top 50% nationwide. This equates to an annual average Brandon house appreciation rate of 0.38%.

Over the last year, Brandon appreciation rates have trailed the rest of the nation. In the last twelve months, Brandon's appreciation rate has been 2.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brandon were at -0.74%, which equates to an annual appreciation rate of -2.93%.

Notably, Brandon's appreciation rate in the latest quarter is one of the lowest in America.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brandon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brandon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Brandon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$169,698

Brandon, MS HOME PRICES

Value Range
> $1,075,000 0.2
$806,001 - $1,075,000 0.1
$537,001 - $806,000 0.6
$430,001 - $537,000 2.1
$323,001 - $430,000 7.0
$215,001 - $323,000 17.4
$107,001 - $215,000 55.3
$54,001 - $107,000 10.3
$0 - $54,000 7.0

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
41.749677721786 4.89795918367347

Number Of Homes And Apartments:
8,167

Brandon 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
34.54% 1.73% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,238 / per month

Homeownership Rate

Homeownership
Owners 76.84
Renters 23.16
Vacant 3.82

Housing Market Details

 

Age of Homes

AGE OF Brandon HOMES
2000 or Newer 28.0
1970 - 1999 60.9
1940 - 1969 11.0
1939 or Older 0.1

Types of Homes

TYPE OF Brandon HOMES
Single-Family 78.8
Townhomes 3.5
Small Apt. Buildings 4.3
Apt. Complexes 9.8
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Brandon HOMES
No Bedroom 1.12
1 Bedroom 3.01
2 Bedrooms 12.61
3 Bedrooms 59.36
4 Bedrooms 22.68
5 or more bedrooms 1.21