Flowood, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Flowood Neighborhoods Since 2000




Flowood, 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

Flowood Housing Market Information

With 8,705 people, 3,809 houses or apartments, and a median cost of homes of $144,503, Flowood real estate is some of the most expensive in Mississippi, although Flowood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Flowood, accounting for 48.62% of the city's housing units. Other types of housing that are prevalent in Flowood include large apartment complexes or high rise apartments ( 34.06%), duplexes, homes converted to apartments or other small apartment buildings ( 10.79%), and a few mobile homes or trailers ( 3.73%).

The most prevalent building size and type in Flowood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.85% owning and 48.15% renting.

There is a lot of housing in Flowood 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 Flowood built between 2000 and later ( 32.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.68%).

Flowood Home Appreciation Rates

Real estate appreciation rates in Flowood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.10% during the period.

Over the last year, Flowood appreciation rates have trailed the rest of the nation. In the last twelve months, Flowood's appreciation rate has been 2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flowood were at -0.74%, which equates to an annual appreciation rate of -2.93%.

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

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

Average Home Values

 

Median Home Value:
$144,503

Flowood, MS HOME PRICES

Value Range
> $1,053,000 0.2
$789,001 - $1,053,000 0.4
$526,001 - $789,000 1.2
$421,001 - $526,000 2.6
$316,001 - $421,000 3.9
$210,001 - $316,000 14.3
$106,001 - $210,000 61.9
$53,001 - $106,000 9.0
$0 - $53,000 6.5

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
52.4903316535802 11.8367346938776

Number Of Homes And Apartments:
3,809

Flowood 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
32.06% 1.62% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,236 / per month

Homeownership Rate

Homeownership
Owners 51.85
Renters 48.15
Vacant 7.86

Housing Market Details

 

Age of Homes

AGE OF Flowood HOMES
2000 or Newer 32.2
1970 - 1999 63.9
1940 - 1969 3.7
1939 or Older 0.2

Types of Homes

TYPE OF Flowood HOMES
Single-Family 48.6
Townhomes 2.8
Small Apt. Buildings 10.8
Apt. Complexes 34.1
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Flowood HOMES
No Bedroom 1.55
1 Bedroom 12.31
2 Bedrooms 32.97
3 Bedrooms 38.22
4 Bedrooms 13.45
5 or more bedrooms 1.50

Popular Neighborhoods in Flowood

Zip Codes in Flowood, MS