Indianola, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Indianola, MS Real Estate Data


Indianola Housing Market Information

With 9,943 people, 3,644 houses or apartments, and a median cost of homes of $93,436, the cost of homes in Indianola is among some of the lowest in the nation. Compared to Mississippi, however, Indianola real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Indianola, accounting for 83.99% of the city's housing units. Other types of housing that are prevalent in Indianola include large apartment complexes or high rise apartments ( 8.74%), duplexes, homes converted to apartments or other small apartment buildings ( 6.08%).

The most prevalent building size and type in Indianola are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.18% owning and 39.82% renting.

There is a lot of housing in Indianola 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 Indianola built between 1940-1969 ( 32.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.09%). There's also some housing in Indianola built before 1939 ( 5.74%).

Vacant housing appears to be an issue in Indianola. Fully 10.25% of the housing stock is classified as vacant. Left unchecked, vacant Indianola homes and apartments can be a drag on the real estate market, holding Indianola 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.

Indianola Home Appreciation Rates

Appreciation rates for homes in Indianola have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.55%, which ranks in the top 30% nationwide. This equates to an annual average Indianola house appreciation rate of 1.63%.

Appreciation rates are so strong in Indianola that despite a nationwide downturn in the housing market, Indianola real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Indianola appreciation rates continue to be some of the highest in America, at 6.92%, which is higher than appreciation rates in 83.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Indianola. Indianola appreciation rates in the latest quarter were at 1.35%, which equates to an annual appreciation rate of 5.52%.

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

Average Home Values

 

Median Home Value:
$93,436

Indianola, MS HOME PRICES

Value Range
> $1,164,000 0.3
$873,001 - $1,164,000 0.0
$582,001 - $873,000 0.6
$465,001 - $582,000 1.2
$349,001 - $465,000 2.6
$233,001 - $349,000 6.4
$116,001 - $233,000 18.6
$58,001 - $116,000 53.6
$0 - $58,000 16.8

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
83.1469227616092 46.530612244898

Number Of Homes And Apartments:
3,644

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 60.18
Renters 39.82
Vacant 10.25

Housing Market Details

 

Age of Homes

AGE OF Indianola HOMES
2000 or Newer 7.1
1970 - 1999 54.4
1940 - 1969 32.7
1939 or Older 5.7

Types of Homes

TYPE OF Indianola HOMES
Single-Family 84.0
Townhomes 0.5
Small Apt. Buildings 6.1
Apt. Complexes 8.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Indianola HOMES
No Bedroom 2.09
1 Bedroom 8.13
2 Bedrooms 15.86
3 Bedrooms 50.76
4 Bedrooms 18.57
5 or more bedrooms 4.58

Indianola Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
37.50% 1.89% 5 4
* 10 is highest

Popular Neighborhoods in Indianola

Zip Codes in Indianola, MS