Ellisville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ellisville, MS Real Estate Data


Ellisville Housing Market Information

With a population of 4,573, 1,345 total housing units (homes and apartments), and a median house value of $91,675, the cost of homes in Ellisville is among some of the lowest in the nation. Compared to Mississippi, however, Ellisville real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Ellisville, accounting for 62.42% of the city's housing units. Other types of housing that are prevalent in Ellisville include large apartment complexes or high rise apartments ( 16.85%), mobile homes or trailers ( 9.04%), and a few row houses and other attached homes ( 6.40%).

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 43.79% of the city's housing hails from this era. Other housing ages represented in Ellisville include homes built between 1970-1999 ( 32.66%) and housing constructed between 2000 and later ( 16.11%). There's also some housing in Ellisville built before 1939 ( 7.44%).

Vacant housing appears to be an issue in Ellisville. Fully 17.28% 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

Appreciation rates for homes in Ellisville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.90%, which ranks in the top 30% nationwide. This equates to an annual average Ellisville house appreciation rate of 1.22%.

Appreciation rates are so strong in Ellisville that despite a nationwide downturn in the housing market, Ellisville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ellisville appreciation rates continue to be some of the highest in America, at 6.59%, which is higher than appreciation rates in 80.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ellisville. Ellisville appreciation rates in the latest quarter were at 1.35%, which equates to an annual appreciation rate of 5.52%.

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

Average Home Values

 

Median Home Value:
$91,675

Ellisville, MS HOME PRICES

Value Range
> $1,109,000 0.1
$831,001 - $1,109,000 0.0
$555,001 - $831,000 0.3
$444,001 - $555,000 0.0
$333,001 - $444,000 2.5
$222,001 - $333,000 4.4
$111,001 - $222,000 26.1
$56,001 - $111,000 40.0
$0 - $56,000 26.6

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
84.2419628740411 48.5714285714286

Number Of Homes And Apartments:
1,345

Rent & Ownership

 

Average Market Rent:
$773 / per month

Homeownership Rate

Homeownership
Owners 38.48
Renters 61.52
Vacant 17.28

Housing Market Details

 

Age of Homes

AGE OF Ellisville HOMES
2000 or Newer 16.1
1970 - 1999 32.7
1940 - 1969 43.8
1939 or Older 7.4

Types of Homes

TYPE OF Ellisville HOMES
Single-Family 62.4
Townhomes 6.4
Small Apt. Buildings 5.3
Apt. Complexes 16.9
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF Ellisville HOMES
No Bedroom 3.01
1 Bedroom 11.44
2 Bedrooms 37.45
3 Bedrooms 40.10
4 Bedrooms 8.00
5 or more bedrooms 0.00

Ellisville 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
56.38% 2.67% 9 7
* 10 is highest

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