Collins, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Collins, MS Real Estate Data


Collins Housing Market Information

With 2,570 people, 802 houses or apartments, and a median cost of homes of $96,553, 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 82.75% of the city's housing units. Other types of housing that are prevalent in Collins include mobile homes or trailers ( 7.13%), large apartment complexes or high rise apartments ( 4.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.62%).

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 62.76% owning and 37.24% 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 ( 22.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.46%). There's also some housing in Collins built before 1939 ( 8.26%).

Vacant housing appears to be an issue in Collins. Fully 17.15% 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 18.03%, which ranks in the top 30% nationwide. This equates to an annual average Collins house appreciation rate of 1.67%.

NeighborhoodScout's data show that during the latest twelve months, Collins's appreciation rate, at 5.59%, has been at or slightly above the national average. In the latest quarter, Collins's appreciation rate has been 1.35%, which annualizes to a rate of 5.52%.

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

Average Home Values

 

Median Home Value:
$96,553

Collins, MS HOME PRICES

Value Range
> $1,117,000 0.1
$838,001 - $1,117,000 0.0
$558,001 - $838,000 1.1
$447,001 - $558,000 0.2
$335,001 - $447,000 0.8
$224,001 - $335,000 4.0
$111,001 - $224,000 35.5
$56,001 - $111,000 34.0
$0 - $56,000 24.3

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
81.044679978919 41.6326530612245

Number Of Homes And Apartments:
802

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 62.76
Renters 37.24
Vacant 17.15

Housing Market Details

 

Age of Homes

AGE OF Collins HOMES
2000 or Newer 14.5
1970 - 1999 55.0
1940 - 1969 22.3
1939 or Older 8.3

Types of Homes

TYPE OF Collins HOMES
Single-Family 82.7
Townhomes 2.3
Small Apt. Buildings 3.6
Apt. Complexes 4.2
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Collins HOMES
No Bedroom 0.00
1 Bedroom 6.61
2 Bedrooms 13.12
3 Bedrooms 67.46
4 Bedrooms 12.81
5 or more bedrooms 0.00

Collins Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.94% 2.65% 9 7
* 10 is highest

Popular Neighborhoods in Collins

Zip Codes in Collins, MS