Leakesville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Leakesville, 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

Leakesville Housing Market Information

With 880 people, 318 houses or apartments, and a median cost of homes of $95,940, the cost of homes in Leakesville is among some of the lowest in the nation. Compared to Mississippi, however, Leakesville real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Leakesville, accounting for 80.46% of the town's housing units. Other types of housing that are prevalent in Leakesville include large apartment complexes or high rise apartments ( 9.00%), duplexes, homes converted to apartments or other small apartment buildings ( 7.97%), and a few mobile homes or trailers ( 1.54%).

The most prevalent building size and type in Leakesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.97% owning and 42.03% renting.

There is a lot of housing in Leakesville 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 Leakesville built between 1940-1969 ( 31.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.68%). There's also some housing in Leakesville built before 1939 ( 9.00%).

Vacant housing appears to be an issue in Leakesville. Fully 18.25% of the housing stock is classified as vacant. Left unchecked, vacant Leakesville homes and apartments can be a drag on the real estate market, holding Leakesville 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.

Leakesville Home Appreciation Rates

Appreciation rates for homes in Leakesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.77%, which ranks in the top 40% nationwide. This equates to an annual average Leakesville house appreciation rate of 0.75%.

NeighborhoodScout's data show that during the latest twelve months, Leakesville's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Leakesville's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

Relative to Mississippi, our data show that Leakesville's latest annual appreciation rate is higher than 60% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$95,940

Leakesville, MS HOME PRICES

Value Range
> $1,071,000 0.0
$803,001 - $1,071,000 0.0
$535,001 - $803,000 0.1
$428,001 - $535,000 0.1
$321,001 - $428,000 5.7
$214,001 - $321,000 11.9
$107,001 - $214,000 28.8
$53,001 - $107,000 22.0
$0 - $53,000 31.4

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
80.2414156803 43.265306122449

Number Of Homes And Apartments:
318

Leakesville 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
45.64% 2.20% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$907 / per month

Homeownership Rate

Homeownership
Owners 57.97
Renters 42.03
Vacant 18.25

Housing Market Details

 

Age of Homes

AGE OF Leakesville HOMES
2000 or Newer 15.7
1970 - 1999 44.0
1940 - 1969 31.4
1939 or Older 9.0

Types of Homes

TYPE OF Leakesville HOMES
Single-Family 80.5
Townhomes 1.0
Small Apt. Buildings 8.0
Apt. Complexes 9.0
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Leakesville HOMES
No Bedroom 3.34
1 Bedroom 7.71
2 Bedrooms 21.59
3 Bedrooms 47.04
4 Bedrooms 19.28
5 or more bedrooms 1.03

Popular Neighborhoods in Leakesville

Popular Communities Near Leakesville, MS

Zip Codes in Leakesville, MS