Ellisville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ellisville, 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

Ellisville Housing Market Information

With 4,573 people, 1,359 houses or apartments, and a median cost of homes of $79,898, house prices in Ellisville are solidly below the national average.

Single-family detached homes are the single most common housing type in Ellisville, accounting for 61.19% of the city's housing units. Other types of housing that are prevalent in Ellisville include large apartment complexes or high rise apartments ( 15.87%), mobile homes or trailers ( 8.98%), and a few row houses and other attached homes ( 7.26%).

People in Ellisville primarily live in small (one, two or no bedroom) single-family detached homes. Ellisville has a mixture of owner-occupied and renter-occupied housing.

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. Ellisville's housing was primarily built during this period, from the '40s through the '60s. A full 40.47% of the city's housing hails from this era. Other housing ages represented in Ellisville include homes built between 1970-1999 ( 34.56%) and housing constructed between 2000 and later ( 16.79%). There's also some housing in Ellisville built before 1939 ( 8.18%).

Vacant housing appears to be an issue in Ellisville. Fully 16.42% of the housing stock is classified as vacant. Left unchecked, vacant Ellisville homes and apartments can be a drag on the real estate market, holding Ellisville 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.

Ellisville Home Appreciation Rates

Real estate appreciation rates in Ellisville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, Ellisville appreciation rates have trailed the rest of the nation. In the last twelve months, Ellisville's appreciation rate has been 1.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ellisville were at 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Ellisville's latest annual appreciation rate is lower than 80% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$79,898

Ellisville, MS HOME PRICES

Value Range
> $1,066,000 0.1
$800,001 - $1,066,000 0.0
$534,001 - $800,000 0.0
$427,001 - $534,000 0.0
$320,001 - $427,000 1.4
$213,001 - $320,000 4.4
$107,001 - $213,000 22.5
$53,001 - $107,000 42.7
$0 - $53,000 28.8

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
90.5953357553029 65.3061224489796

Number Of Homes And Apartments:
1,359

Ellisville 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
45.02% 2.18% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$936 / per month

Homeownership Rate

Homeownership
Owners 36.90
Renters 63.10
Vacant 16.42

Housing Market Details

 

Age of Homes

AGE OF Ellisville HOMES
2000 or Newer 16.8
1970 - 1999 34.6
1940 - 1969 40.5
1939 or Older 8.2

Types of Homes

TYPE OF Ellisville HOMES
Single-Family 61.2
Townhomes 7.3
Small Apt. Buildings 6.7
Apt. Complexes 15.9
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF Ellisville HOMES
No Bedroom 0.00
1 Bedroom 12.98
2 Bedrooms 40.71
3 Bedrooms 36.78
4 Bedrooms 9.04
5 or more bedrooms 0.49

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Zip Codes in Ellisville, MS