Calhoun City, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Calhoun City, 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

Calhoun City Housing Market Information

With a population of 1,739, 718 total housing units (homes and apartments), and a median house value of $66,822, house prices in Calhoun City 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 Calhoun City, accounting for 78.47% of the town's housing units. Other types of housing that are prevalent in Calhoun City include large apartment complexes or high rise apartments ( 11.07%), duplexes, homes converted to apartments or other small apartment buildings ( 7.01%), and a few mobile homes or trailers ( 2.09%).

The most prevalent building size and type in Calhoun City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.01% owning and 42.99% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Calhoun City's housing was primarily built during this period, from the '40s through the '60s. A full 50.92% of the town's housing hails from this era. Other housing ages represented in Calhoun City include homes built between 1970-1999 ( 40.71%) and housing constructed before 1939 ( 4.67%). There's also some housing in Calhoun City built between 2000 and later ( 3.69%).

Vacant housing appears to be an issue in Calhoun City. Fully 11.69% of the housing stock is classified as vacant. Left unchecked, vacant Calhoun City homes and apartments can be a drag on the real estate market, holding Calhoun City 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.

Calhoun City Home Appreciation Rates

Appreciation rates for homes in Calhoun City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.63%, which ranks in the top 40% nationwide. This equates to an annual average Calhoun City house appreciation rate of 0.74%.

NeighborhoodScout's data show that during the latest twelve months, Calhoun City's appreciation rate, at 3.20%, has been at or slightly above the national average. In the latest quarter, Calhoun City's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

Relative to Mississippi, our data show that Calhoun City's latest annual appreciation rate is lower than 50% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$66,822

Calhoun City, MS HOME PRICES

Value Range
> $1,077,000 0.4
$808,001 - $1,077,000 0.0
$538,001 - $808,000 0.9
$431,001 - $538,000 0.9
$323,001 - $431,000 0.0
$215,001 - $323,000 4.2
$108,001 - $215,000 17.0
$54,001 - $108,000 41.2
$0 - $54,000 35.4

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
96.3436071721552 87.7551020408163

Number Of Homes And Apartments:
718

Calhoun City 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
43.90% 2.13% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$724 / per month

Homeownership Rate

Homeownership
Owners 57.01
Renters 42.99
Vacant 11.69

Housing Market Details

 

Age of Homes

AGE OF Calhoun City HOMES
2000 or Newer 3.7
1970 - 1999 40.7
1940 - 1969 50.9
1939 or Older 4.7

Types of Homes

TYPE OF Calhoun City HOMES
Single-Family 78.5
Townhomes 1.4
Small Apt. Buildings 7.0
Apt. Complexes 11.1
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Calhoun City HOMES
No Bedroom 0.00
1 Bedroom 4.31
2 Bedrooms 29.89
3 Bedrooms 50.31
4 Bedrooms 12.30
5 or more bedrooms 3.20

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Zip Codes in Calhoun City, MS