Holly Springs, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Holly Springs, 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

Holly Springs Housing Market Information

With 7,610 people, 2,272 houses or apartments, and a median cost of homes of $76,577, house prices in Holly Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Holly Springs, accounting for 79.41% of the city's housing units. Other types of housing that are prevalent in Holly Springs include large apartment complexes or high rise apartments ( 10.01%), duplexes, homes converted to apartments or other small apartment buildings ( 7.56%), and a few mobile homes or trailers ( 2.25%).

The most prevalent building size and type in Holly Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.62% owning and 53.38% renting.

There is a lot of housing in Holly Springs 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 Holly Springs built between 1940-1969 ( 20.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.43%). There's also some housing in Holly Springs built before 1939 ( 9.78%).

Vacant housing appears to be an issue in Holly Springs. Fully 13.22% of the housing stock is classified as vacant. Left unchecked, vacant Holly Springs homes and apartments can be a drag on the real estate market, holding Holly Springs 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.

Holly Springs Home Appreciation Rates

Holly Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Holly Springs during the period has been just -0.97%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Holly Springs's appreciation rate, at 3.55%, has been at or slightly above the national average. In the latest quarter, Holly Springs's appreciation rate has been 0.35%, which annualizes to a rate of 1.41%.

Relative to Mississippi, our data show that Holly Springs's latest annual appreciation rate is higher than 50% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$76,577

Holly Springs, MS HOME PRICES

Value Range
> $1,065,000 0.0
$799,001 - $1,065,000 0.8
$533,001 - $799,000 0.0
$426,001 - $533,000 0.0
$320,001 - $426,000 1.0
$213,001 - $320,000 9.6
$107,001 - $213,000 20.9
$53,001 - $107,000 56.4
$0 - $53,000 11.3

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
92.4352513770069 73.0612244897959

Number Of Homes And Apartments:
2,272

Holly Springs 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
-0.29% -0.02% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$930 / per month

Homeownership Rate

Homeownership
Owners 46.62
Renters 53.38
Vacant 13.22

Housing Market Details

 

Age of Homes

AGE OF Holly Springs HOMES
2000 or Newer 10.4
1970 - 1999 59.4
1940 - 1969 20.4
1939 or Older 9.8

Types of Homes

TYPE OF Holly Springs HOMES
Single-Family 79.4
Townhomes 0.8
Small Apt. Buildings 7.6
Apt. Complexes 10.0
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Holly Springs HOMES
No Bedroom 0.23
1 Bedroom 7.72
2 Bedrooms 21.89
3 Bedrooms 51.80
4 Bedrooms 18.07
5 or more bedrooms 0.31

Popular Neighborhoods in Holly Springs

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Zip Codes in Holly Springs, MS