Byram, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Byram Neighborhoods Since 2000




Byram, 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

Byram Housing Market Information

With 11,509 people, 4,289 houses or apartments, and a median cost of homes of $144,032, Byram real estate is some of the most expensive in Mississippi, although Byram home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Byram, accounting for 78.43% of the city's housing units. Other types of housing that are prevalent in Byram include large apartment complexes or high rise apartments ( 16.54%), mobile homes or trailers ( 4.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Byram. Owner-occupied housing accounts for 73.65% of Byram's homes, and 78.04% have either three or four bedrooms, which is average sized relative to America.

Byram homes and real estate are some of the newest in America. 47.76% of Byram's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Byram real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.13%), and between 1940-1969 ( 4.04%). There's also some housing in Byram built before 1939 ( 1.07%).

Byram Home Appreciation Rates

Real estate appreciation rates in Byram's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.71% during the period.

NeighborhoodScout's data show that during the latest twelve months, Byram's appreciation rate, at 4.26%, has been at or slightly above the national average. In the latest quarter, Byram's appreciation rate has been -0.74%, which annualizes to a rate of -2.93%.

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

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

Average Home Values

 

Median Home Value:
$144,032

Byram, MS HOME PRICES

Value Range
> $1,070,000 0.1
$803,001 - $1,070,000 0.6
$535,001 - $803,000 0.5
$428,001 - $535,000 1.4
$321,001 - $428,000 1.9
$214,001 - $321,000 12.5
$107,001 - $214,000 59.2
$54,001 - $107,000 18.1
$0 - $54,000 5.7

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
52.7305754131021 13.0612244897959

Number Of Homes And Apartments:
4,289

Byram 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
16.86% 0.91% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 73.65
Renters 26.35
Vacant 6.76

Housing Market Details

 

Age of Homes

AGE OF Byram HOMES
2000 or Newer 47.8
1970 - 1999 47.1
1940 - 1969 4.0
1939 or Older 1.1

Types of Homes

TYPE OF Byram HOMES
Single-Family 78.4
Townhomes 0.0
Small Apt. Buildings 0.9
Apt. Complexes 16.5
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Byram HOMES
No Bedroom 0.22
1 Bedroom 4.11
2 Bedrooms 16.39
3 Bedrooms 69.37
4 Bedrooms 8.67
5 or more bedrooms 1.24