Iuka, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Iuka Neighborhoods Since 2000




Iuka, 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 Q2 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

Iuka Housing Market Information

With a population of 3,001, 1,179 total housing units (homes and apartments), and a median house value of $83,752, the cost of homes in Iuka is among some of the lowest in the nation. Compared to Mississippi, however, Iuka real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Iuka, accounting for 72.72% of the city's housing units. Other types of housing that are prevalent in Iuka include duplexes, homes converted to apartments or other small apartment buildings ( 15.41%), mobile homes or trailers ( 5.67%), and a few large apartment complexes or high rise apartments ( 4.80%).

The most prevalent building size and type in Iuka are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.07% owning and 49.93% renting.

There is a lot of housing in Iuka 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 Iuka built between 1940-1969 ( 30.22%). A lesser amount of the housing stock also hails from before 1939 ( 4.87%). There's also some housing in Iuka built between 2000 and later ( 4.27%).

Vacant housing appears to be an issue in Iuka. Fully 21.35% of the housing stock is classified as vacant. Left unchecked, vacant Iuka homes and apartments can be a drag on the real estate market, holding Iuka 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.

Iuka Home Appreciation Rates

Appreciation rates for homes in Iuka have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.07%, which ranks in the top 30% nationwide. This equates to an annual average Iuka house appreciation rate of 1.33%.

Over the last year, Iuka appreciation rates have trailed the rest of the nation. In the last twelve months, Iuka's appreciation rate has been 2.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Iuka were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

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

Average Home Values

 

Median Home Value:
$83,752

Iuka, MS HOME PRICES

Value Range
> $1,129,000 0.0
$847,001 - $1,129,000 0.0
$564,001 - $847,000 0.7
$451,001 - $564,000 0.3
$338,001 - $451,000 0.4
$226,001 - $338,000 1.4
$113,001 - $226,000 31.0
$57,001 - $113,000 40.1
$0 - $57,000 26.0

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
88.7347034369694 58.3673469387755

Number Of Homes And Apartments:
1,179

Iuka Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
36.26% 1.78% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$673 / per month

Homeownership Rate

Homeownership
Owners 50.07
Renters 49.93
Vacant 21.35

Housing Market Details

 

Age of Homes

AGE OF Iuka HOMES
2000 or Newer 4.3
1970 - 1999 60.6
1940 - 1969 30.2
1939 or Older 4.9

Types of Homes

TYPE OF Iuka HOMES
Single-Family 72.7
Townhomes 1.4
Small Apt. Buildings 15.4
Apt. Complexes 4.8
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Iuka HOMES
No Bedroom 3.00
1 Bedroom 8.74
2 Bedrooms 23.48
3 Bedrooms 53.90
4 Bedrooms 8.41
5 or more bedrooms 2.47