Crystal Springs, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Crystal Springs, 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

Crystal Springs Housing Market Information

With 4,939 people, 1,557 houses or apartments, and a median cost of homes of $70,901, house prices in Crystal Springs are some of the most affordable in Mississippi as well as the nation.

Single-family detached homes are the single most common housing type in Crystal Springs, accounting for 82.95% of the city's housing units. Other types of housing that are prevalent in Crystal Springs include mobile homes or trailers ( 14.06%), duplexes, homes converted to apartments or other small apartment buildings ( 2.35%).

The most prevalent building size and type in Crystal Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.35% owning and 39.65% renting.

There is a lot of housing in Crystal Springs 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 Crystal Springs built between 1940-1969 ( 39.34%). A lesser amount of the housing stock also hails from before 1939 ( 8.39%). There's also some housing in Crystal Springs built between 2000 and later ( 1.39%).

Vacant housing appears to be an issue in Crystal Springs. Fully 16.78% of the housing stock is classified as vacant. Left unchecked, vacant Crystal Springs homes and apartments can be a drag on the real estate market, holding Crystal Springs 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.

Crystal Springs Home Appreciation Rates

Real estate appreciation rates in Crystal Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.

Over the last year, Crystal Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Crystal Springs's appreciation rate has been -3.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crystal Springs were at -0.74%, which equates to an annual appreciation rate of -2.93%.

Notably, Crystal Springs's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$70,901

Crystal Springs, MS HOME PRICES

Value Range
> $1,017,000 0.0
$763,001 - $1,017,000 0.0
$509,001 - $763,000 0.0
$407,001 - $509,000 0.0
$305,001 - $407,000 1.1
$203,001 - $305,000 6.4
$102,001 - $203,000 16.2
$51,001 - $102,000 44.0
$0 - $51,000 32.3

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
94.8699167936248 81.2244897959184

Number Of Homes And Apartments:
1,557

Crystal Springs 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
26.90% 1.39% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$985 / per month

Homeownership Rate

Homeownership
Owners 60.35
Renters 39.65
Vacant 16.78

Housing Market Details

 

Age of Homes

AGE OF Crystal Springs HOMES
2000 or Newer 1.4
1970 - 1999 50.9
1940 - 1969 39.3
1939 or Older 8.4

Types of Homes

TYPE OF Crystal Springs HOMES
Single-Family 83.0
Townhomes 0.0
Small Apt. Buildings 2.4
Apt. Complexes 0.6
Mobile Homes 14.1
Other 0.0

Home Size

SIZE OF Crystal Springs HOMES
No Bedroom 0.00
1 Bedroom 1.23
2 Bedrooms 25.28
3 Bedrooms 59.54
4 Bedrooms 13.74
5 or more bedrooms 0.21

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Zip Codes in Crystal Springs, MS