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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Indianola, MS Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Indianola, MS Housing Market Trends

With a population of 9,134, 3,547 total housing units (homes and apartments), and a median house value of $79,566, house prices in Indianola 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 Indianola, accounting for 80.39% of the city's housing units. Other types of housing that are prevalent in Indianola include large apartment complexes or high rise apartments ( 11.31%), duplexes, homes converted to apartments or other small apartment buildings ( 6.45%), and a few row houses and other attached homes ( 1.35%).

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 52.80% owning and 47.20% 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 ( 37.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.75%). There's also some housing in Indianola built before 1939 ( 4.70%).

Vacant housing appears to be an issue in Indianola. Fully 12.64% 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

Homes have actually lost value in Indianola over the last then years, as home values have seen a decline of 1.30% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Indianola home appreciation rates at -1.39%, which equates to an annual appreciation rate of -5.43%.

Over the last year, Indianola appreciation rates have trailed the rest of the nation. In the last twelve months, Indianola's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Indianola were at -1.39%, which equates to an annual appreciation rate of -5.43%.

Notably, Indianola's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

Median Home Value

$79,566

Indianola, MS Home Prices
> $1,111,000
$833,001 - $1,111,000
$555,001 - $833,000
$444,001 - $555,000
$333,001 - $444,000
$222,001 - $333,000
$111,001 - $222,000
$56,001 - $111,000
$0 - $56,000
0.4%
0.4%
0.0%
0.0%
0.1%
0.1%
0.7%
0.7%
0.6%
0.6%
15.7%
15.7%
31.2%
31.2%
38.4%
38.4%
13.0%
13.0%
0% 100.0%
% of Homes
Very Low

for Mississippi

Very Low

for nation

Number of Homes And Apartments:

3,547

Indianola Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,055 / per month

Homeownership Rate

Owners
Renters
52.8%
52.8%
47.2%
47.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.6%
12.6%
87.4%
87.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.7%
6.7%
51.5%
51.5%
37.0%
37.0%
4.7%
4.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.4%
80.4%
1.4%
1.4%
6.5%
6.5%
11.3%
11.3%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
12.1%
12.1%
20.8%
20.8%
47.2%
47.2%
17.3%
17.3%
2.6%
2.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Indianola

Zip Codes in Indianola, MS