Hattiesburg, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hattiesburg, MS Real Estate Data


Hattiesburg Housing Market Information

With a population of 46,805, 18,240 total housing units (homes and apartments), and a median house value of $95,624, the cost of homes in Hattiesburg is among some of the lowest in the nation. Compared to Mississippi, however, Hattiesburg real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Hattiesburg, accounting for 53.02% of the city's housing units. Other types of housing that are prevalent in Hattiesburg include large apartment complexes or high rise apartments ( 33.70%), duplexes, homes converted to apartments or other small apartment buildings ( 11.35%), and a few mobile homes or trailers ( 1.20%).

Renters dominate Hattiesburg's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Hattiesburg 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 Hattiesburg built between 1940-1969 ( 29.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.88%). There's also some housing in Hattiesburg built before 1939 ( 9.54%).

Vacant housing appears to be an issue in Hattiesburg. Fully 14.44% of the housing stock is classified as vacant. Left unchecked, vacant Hattiesburg homes and apartments can be a drag on the real estate market, holding Hattiesburg 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.

Hattiesburg Home Appreciation Rates

Appreciation rates for homes in Hattiesburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.17%, which ranks in the top 50% nationwide. This equates to an annual average Hattiesburg house appreciation rate of 0.41%.

Over the last year, Hattiesburg appreciation rates have trailed the rest of the nation. In the last twelve months, Hattiesburg's appreciation rate has been 1.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hattiesburg were at 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, NeighborhoodScout’s exclusive research found that Hattiesburg's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hattiesburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hattiesburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hattiesburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$95,624

Hattiesburg, MS HOME PRICES

Value Range
> $1,077,000 0.0
$808,001 - $1,077,000 0.4
$539,001 - $808,000 0.5
$431,001 - $539,000 0.3
$323,001 - $431,000 3.8
$216,001 - $323,000 8.6
$108,001 - $216,000 30.7
$54,001 - $108,000 35.5
$0 - $54,000 19.8

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
80.3117309269893 42.4489795918367

Number Of Homes And Apartments:
18,240

Rent & Ownership

 

Average Market Rent:
$987 / per month

Homeownership Rate

Homeownership
Owners 34.47
Renters 65.53
Vacant 14.44

Housing Market Details

 

Age of Homes

AGE OF Hattiesburg HOMES
2000 or Newer 20.9
1970 - 1999 40.1
1940 - 1969 29.5
1939 or Older 9.5

Types of Homes

TYPE OF Hattiesburg HOMES
Single-Family 53.0
Townhomes 0.7
Small Apt. Buildings 11.4
Apt. Complexes 33.7
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Hattiesburg HOMES
No Bedroom 2.88
1 Bedroom 15.99
2 Bedrooms 29.63
3 Bedrooms 37.70
4 Bedrooms 12.75
5 or more bedrooms 1.04

Hattiesburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
39.45% 1.95% 6 5
* 10 is highest