Charleston, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Charleston Neighborhoods Since 2000




Charleston, 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

Charleston Housing Market Information

With 2,048 people, 527 houses or apartments, and a median cost of homes of $72,455, house prices in Charleston are solidly below the national average.

Single-family detached homes are the single most common housing type in Charleston, accounting for 83.72% of the city's housing units. Other types of housing that are prevalent in Charleston include mobile homes or trailers ( 10.07%), duplexes, homes converted to apartments or other small apartment buildings ( 3.45%), and a few large apartment complexes or high rise apartments ( 1.93%).

The most prevalent building size and type in Charleston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.73% owning and 51.27% 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. Charleston's housing was primarily built during this period, from the '40s through the '60s. A full 42.21% of the city's housing hails from this era. Other housing ages represented in Charleston include homes built between 1970-1999 ( 36.28%) and housing constructed before 1939 ( 12.28%). There's also some housing in Charleston built between 2000 and later ( 9.24%).

Vacant housing appears to be an issue in Charleston. Fully 27.31% of the housing stock is classified as vacant. Left unchecked, vacant Charleston homes and apartments can be a drag on the real estate market, holding Charleston 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.

Charleston Home Appreciation Rates

In the last 10 years, Charleston has experienced some of the highest home appreciation rates of any community in the nation. Charleston real estate appreciated 19.77% over the last ten years, which is an average annual home appreciation rate of 1.82%, putting Charleston in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Charleston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Charleston's appreciation rate, at 4.18%, has been at or slightly above the national average. In the latest quarter, Charleston's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$72,455

Charleston, MS HOME PRICES

Value Range
> $1,099,000 0.0
$824,001 - $1,099,000 0.0
$550,001 - $824,000 0.1
$440,001 - $550,000 0.0
$330,001 - $440,000 0.0
$220,001 - $330,000 4.0
$110,001 - $220,000 13.8
$55,001 - $110,000 41.5
$0 - $55,000 40.7

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
94.245868979257 79.1836734693878

Number Of Homes And Apartments:
527

Charleston 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
57.12% 2.65% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$620 / per month

Homeownership Rate

Homeownership
Owners 48.73
Renters 51.27
Vacant 27.31

Housing Market Details

 

Age of Homes

AGE OF Charleston HOMES
2000 or Newer 9.2
1970 - 1999 36.3
1940 - 1969 42.2
1939 or Older 12.3

Types of Homes

TYPE OF Charleston HOMES
Single-Family 83.7
Townhomes 0.8
Small Apt. Buildings 3.4
Apt. Complexes 1.9
Mobile Homes 10.1
Other 0.0

Home Size

SIZE OF Charleston HOMES
No Bedroom 4.55
1 Bedroom 6.21
2 Bedrooms 31.72
3 Bedrooms 45.79
4 Bedrooms 3.72
5 or more bedrooms 8.00

Popular Neighborhoods in Charleston

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Zip Codes in Charleston, MS