Corinth, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Corinth Neighborhoods Since 2000




Corinth, 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

Corinth Housing Market Information

With a population of 14,866, 6,159 total housing units (homes and apartments), and a median house value of $97,996, house prices in Corinth are solidly below the national average.

Single-family detached homes are the single most common housing type in Corinth, accounting for 77.33% of the city's housing units. Other types of housing that are prevalent in Corinth include duplexes, homes converted to apartments or other small apartment buildings ( 10.43%), large apartment complexes or high rise apartments ( 6.23%), and a few mobile homes or trailers ( 4.55%).

The most prevalent building size and type in Corinth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.10% owning and 44.90% renting.

There is a lot of housing in Corinth 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 Corinth built between 1940-1969 ( 40.03%). A lesser amount of the housing stock also hails from before 1939 ( 10.58%). There's also some housing in Corinth built between 2000 and later ( 6.90%).

Vacant housing appears to be an issue in Corinth. Fully 16.06% of the housing stock is classified as vacant. Left unchecked, vacant Corinth homes and apartments can be a drag on the real estate market, holding Corinth 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.

Corinth Home Appreciation Rates

Appreciation rates for homes in Corinth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.02%, which ranks in the top 30% nationwide. This equates to an annual average Corinth house appreciation rate of 1.05%.

Over the last year, Corinth appreciation rates have trailed the rest of the nation. In the last twelve months, Corinth's appreciation rate has been -0.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Corinth were at 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Corinth's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$97,996

Corinth, MS HOME PRICES

Value Range
> $1,057,000 1.1
$793,001 - $1,057,000 0.0
$529,001 - $793,000 0.0
$423,001 - $529,000 1.3
$317,001 - $423,000 3.1
$211,001 - $317,000 9.0
$106,001 - $211,000 28.8
$53,001 - $106,000 35.7
$0 - $53,000 21.0

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
78.8731981718036 38.9795918367347

Number Of Homes And Apartments:
6,159

Corinth 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
33.55% 1.69% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$944 / per month

Homeownership Rate

Homeownership
Owners 55.10
Renters 44.90
Vacant 16.06

Housing Market Details

 

Age of Homes

AGE OF Corinth HOMES
2000 or Newer 6.9
1970 - 1999 42.5
1940 - 1969 40.0
1939 or Older 10.6

Types of Homes

TYPE OF Corinth HOMES
Single-Family 77.3
Townhomes 1.5
Small Apt. Buildings 10.4
Apt. Complexes 6.2
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Corinth HOMES
No Bedroom 0.00
1 Bedroom 5.52
2 Bedrooms 34.20
3 Bedrooms 46.15
4 Bedrooms 12.21
5 or more bedrooms 1.92