Hollandale, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hollandale, 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

Hollandale Housing Market Information

With a population of 2,545, 968 total housing units (homes and apartments), and a median house value of $40,520, house prices in Hollandale are some of the most affordable in Mississippi as well as the nation.

Single-family detached homes are the single most common housing type in Hollandale, accounting for 80.07% of the city's housing units. Other types of housing that are prevalent in Hollandale include duplexes, homes converted to apartments or other small apartment buildings ( 15.31%), mobile homes or trailers ( 4.24%).

The most prevalent building size and type in Hollandale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.98% owning and 41.02% renting.

There is a lot of housing in Hollandale 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 Hollandale built between 1940-1969 ( 45.85%). A lesser amount of the housing stock also hails from before 1939 ( 2.77%). There's also some housing in Hollandale built between 2000 and later ( 1.11%).

Vacant housing appears to be an issue in Hollandale. Fully 10.70% of the housing stock is classified as vacant. Left unchecked, vacant Hollandale homes and apartments can be a drag on the real estate market, holding Hollandale 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.

Hollandale Home Appreciation Rates

Real estate appreciation rates in Hollandale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, Hollandale appreciation rates have trailed the rest of the nation. In the last twelve months, Hollandale's appreciation rate has been 1.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hollandale were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$40,520

Hollandale, MS HOME PRICES

Value Range
> $1,021,000 0.0
$765,001 - $1,021,000 0.0
$510,001 - $765,000 0.0
$408,001 - $510,000 0.9
$306,001 - $408,000 0.0
$204,001 - $306,000 2.2
$102,001 - $204,000 6.5
$51,001 - $102,000 32.8
$0 - $51,000 57.6

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
99.8007734677136 100.0

Number Of Homes And Apartments:
968

Hollandale 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
29.58% 1.51% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$798 / per month

Homeownership Rate

Homeownership
Owners 58.98
Renters 41.02
Vacant 10.70

Housing Market Details

 

Age of Homes

AGE OF Hollandale HOMES
2000 or Newer 1.1
1970 - 1999 50.3
1940 - 1969 45.8
1939 or Older 2.8

Types of Homes

TYPE OF Hollandale HOMES
Single-Family 80.1
Townhomes 0.4
Small Apt. Buildings 15.3
Apt. Complexes 0.0
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Hollandale HOMES
No Bedroom 0.37
1 Bedroom 3.04
2 Bedrooms 27.86
3 Bedrooms 55.63
4 Bedrooms 11.16
5 or more bedrooms 1.94

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Zip Codes in Hollandale, MS