Fulton, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fulton, 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

Fulton Housing Market Information

With a population of 4,077, 1,196 total housing units (homes and apartments), and a median house value of $115,268, house prices in Fulton are solidly below the national average.

Single-family detached homes are the single most common housing type in Fulton, accounting for 86.89% of the city's housing units. Other types of housing that are prevalent in Fulton include large apartment complexes or high rise apartments ( 9.19%), duplexes, homes converted to apartments or other small apartment buildings ( 3.93%).

The most prevalent building size and type in Fulton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.72% owning and 59.28% renting.

There is a lot of housing in Fulton 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 Fulton built between 1940-1969 ( 32.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.30%). There's also some housing in Fulton built before 1939 ( 6.00%).

Vacant housing appears to be an issue in Fulton. Fully 11.41% of the housing stock is classified as vacant. Left unchecked, vacant Fulton homes and apartments can be a drag on the real estate market, holding Fulton 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.

Fulton Home Appreciation Rates

In the last 10 years, Fulton has experienced some of the highest home appreciation rates of any community in the nation. Fulton real estate appreciated 21.96% over the last ten years, which is an average annual home appreciation rate of 2.00%, putting Fulton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fulton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Fulton that despite a nationwide downturn in the housing market, Fulton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fulton appreciation rates continue to be some of the highest in America, at 10.22%, which is higher than appreciation rates in 94.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fulton. Fulton appreciation rates in the latest quarter were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$115,268

Fulton, MS HOME PRICES

Value Range
> $1,170,000 0.3
$878,001 - $1,170,000 0.0
$586,001 - $878,000 0.1
$468,001 - $586,000 0.1
$351,001 - $468,000 3.4
$234,001 - $351,000 4.6
$117,001 - $234,000 35.8
$59,001 - $117,000 44.4
$0 - $59,000 11.4

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
68.1061760225009 24.8979591836735

Number Of Homes And Apartments:
1,196

Fulton 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
52.46% 2.48% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 40.72
Renters 59.28
Vacant 11.41

Housing Market Details

 

Age of Homes

AGE OF Fulton HOMES
2000 or Newer 10.3
1970 - 1999 51.0
1940 - 1969 32.7
1939 or Older 6.0

Types of Homes

TYPE OF Fulton HOMES
Single-Family 86.9
Townhomes 0.0
Small Apt. Buildings 3.9
Apt. Complexes 9.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fulton HOMES
No Bedroom 2.89
1 Bedroom 6.07
2 Bedrooms 17.11
3 Bedrooms 54.89
4 Bedrooms 16.96
5 or more bedrooms 2.07

Popular Neighborhoods in Fulton

Zip Codes in Fulton, MS