Houston, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Houston Neighborhoods Since 2000




Houston, 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

Houston Housing Market Information

With 3,544 people, 1,228 houses or apartments, and a median cost of homes of $78,929, house prices in Houston are solidly below the national average.

Single-family detached homes are the single most common housing type in Houston, accounting for 64.45% of the city's housing units. Other types of housing that are prevalent in Houston include large apartment complexes or high rise apartments ( 17.40%), mobile homes or trailers ( 9.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.95%).

The most prevalent building size and type in Houston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.76% owning and 40.24% renting.

There is a lot of housing in Houston 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 Houston built between 1940-1969 ( 31.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.91%). There's also some housing in Houston built before 1939 ( 1.36%).

Vacant housing appears to be an issue in Houston. Fully 16.52% of the housing stock is classified as vacant. Left unchecked, vacant Houston homes and apartments can be a drag on the real estate market, holding Houston 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.

Houston Home Appreciation Rates

Appreciation rates for homes in Houston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.82%, which ranks in the top 50% nationwide. This equates to an annual average Houston house appreciation rate of 0.28%.

Over the last year, Houston appreciation rates have trailed the rest of the nation. In the last twelve months, Houston's appreciation rate has been 2.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Houston were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$78,929

Houston, MS HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 0.0
$532,001 - $798,000 0.0
$426,001 - $532,000 0.0
$319,001 - $426,000 0.8
$213,001 - $319,000 3.6
$106,001 - $213,000 23.3
$53,001 - $106,000 43.3
$0 - $53,000 29.0

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
91.1930153521622 66.1224489795918

Number Of Homes And Apartments:
1,228

Houston 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
43.75% 2.13% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$716 / per month

Homeownership Rate

Homeownership
Owners 59.76
Renters 40.24
Vacant 16.52

Housing Market Details

 

Age of Homes

AGE OF Houston HOMES
2000 or Newer 5.9
1970 - 1999 61.4
1940 - 1969 31.3
1939 or Older 1.4

Types of Homes

TYPE OF Houston HOMES
Single-Family 64.4
Townhomes 0.5
Small Apt. Buildings 8.0
Apt. Complexes 17.4
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Houston HOMES
No Bedroom 4.15
1 Bedroom 7.75
2 Bedrooms 29.23
3 Bedrooms 46.23
4 Bedrooms 12.17
5 or more bedrooms 0.48

Popular Neighborhoods in Houston

Popular Communities Near Houston, MS

Zip Codes in Houston, MS