Collins, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Collins Neighborhoods Since 2000




Collins, 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

Collins Housing Market Information

With 2,570 people, 816 houses or apartments, and a median cost of homes of $86,070, the cost of homes in Collins is among some of the lowest in the nation. Compared to Mississippi, however, Collins real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Collins, accounting for 77.82% of the city's housing units. Other types of housing that are prevalent in Collins include duplexes, homes converted to apartments or other small apartment buildings ( 8.75%), mobile homes or trailers ( 6.61%), and a few large apartment complexes or high rise apartments ( 4.78%).

The most prevalent building size and type in Collins are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.51% owning and 43.49% renting.

There is a lot of housing in Collins 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 Collins built between 1940-1969 ( 24.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.94%). There's also some housing in Collins built before 1939 ( 9.05%).

Vacant housing appears to be an issue in Collins. Fully 16.99% of the housing stock is classified as vacant. Left unchecked, vacant Collins homes and apartments can be a drag on the real estate market, holding Collins 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.

Collins Home Appreciation Rates

Appreciation rates for homes in Collins have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.66%, which ranks in the top 50% nationwide. This equates to an annual average Collins house appreciation rate of 0.26%.

Over the last year, Collins appreciation rates have trailed the rest of the nation. In the last twelve months, Collins's appreciation rate has been 2.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Collins were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$86,070

Collins, MS HOME PRICES

Value Range
> $1,072,000 0.1
$804,001 - $1,072,000 0.0
$536,001 - $804,000 0.8
$429,001 - $536,000 0.0
$322,001 - $429,000 2.0
$214,001 - $322,000 3.8
$107,001 - $214,000 33.5
$54,001 - $107,000 34.6
$0 - $54,000 25.4

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
86.7162779796086 54.6938775510204

Number Of Homes And Apartments:
816

Collins 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
51.52% 2.44% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,121 / per month

Homeownership Rate

Homeownership
Owners 56.51
Renters 43.49
Vacant 16.99

Housing Market Details

 

Age of Homes

AGE OF Collins HOMES
2000 or Newer 13.9
1970 - 1999 52.9
1940 - 1969 24.1
1939 or Older 9.1

Types of Homes

TYPE OF Collins HOMES
Single-Family 77.8
Townhomes 2.0
Small Apt. Buildings 8.7
Apt. Complexes 4.8
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Collins HOMES
No Bedroom 0.00
1 Bedroom 6.00
2 Bedrooms 15.97
3 Bedrooms 66.33
4 Bedrooms 11.70
5 or more bedrooms 0.00

Popular Neighborhoods in Collins

Zip Codes in Collins, MS