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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 16,847 people, 6,355 houses or apartments, and a median cost of homes of $74,002, house prices in Clarksdale are solidly below the national average.
Single-family detached homes are the single most common housing type in Clarksdale, accounting for 68.34% of the city's housing units. Other types of housing that are prevalent in Clarksdale include large apartment complexes or high rise apartments ( 15.12%), duplexes, homes converted to apartments or other small apartment buildings ( 12.12%), and a few mobile homes or trailers ( 3.09%).
The most prevalent building size and type in Clarksdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.64% owning and 53.36% 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. Clarksdale's housing was primarily built during this period, from the '40s through the '60s. A full 51.65% of the city's housing hails from this era. Other housing ages represented in Clarksdale include homes built between 1970-1999 ( 36.55%) and housing constructed before 1939 ( 8.46%). There's also some housing in Clarksdale built between 2000 and later ( 3.35%).
Vacant housing appears to be an issue in Clarksdale. Fully 12.75% of the housing stock is classified as vacant. Left unchecked, vacant Clarksdale homes and apartments can be a drag on the real estate market, holding Clarksdale 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.
Appreciation rates for homes in Clarksdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.95%, which ranks in the top 40% nationwide. This equates to an annual average Clarksdale house appreciation rate of 0.58%.
Appreciation rates are so strong in Clarksdale that despite a nationwide downturn in the housing market, Clarksdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clarksdale appreciation rates continue to be some of the highest in America, at 7.25%, which is higher than appreciation rates in 82.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clarksdale. Clarksdale appreciation rates in the latest quarter were at 0.54%, which equates to an annual appreciation rate of 2.17%.
Relative to Mississippi, our data show that Clarksdale's latest annual appreciation rate is higher than 90% 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 Clarksdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clarksdale - 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 Clarksdale real estate investment or home purchase decisions.
|$823,001 - $1,098,000||0.0|
|$548,001 - $823,000||0.4|
|$439,001 - $548,000||0.3|
|$329,001 - $439,000||0.6|
|$220,001 - $329,000||1.2|
|$110,001 - $220,000||15.7|
|$55,001 - $110,000||37.6|
|$0 - $55,000||44.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Clarksdale HOMES|
|2000 or Newer||3.3|
|1970 - 1999||36.5|
|1940 - 1969||51.6|
|1939 or Older||8.5|
|TYPE OF Clarksdale HOMES|
|Small Apt. Buildings||12.1|
|SIZE OF Clarksdale HOMES|
|5 or more bedrooms||1.92|