Leland, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Leland Neighborhoods Since 2000




Leland, 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

Leland Housing Market Information

With a population of 4,188, 1,746 total housing units (homes and apartments), and a median house value of $65,919, house prices in Leland 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 Leland, accounting for 81.53% of the city's housing units. Other types of housing that are prevalent in Leland include duplexes, homes converted to apartments or other small apartment buildings ( 9.53%), large apartment complexes or high rise apartments ( 6.96%), and a few row houses and other attached homes ( 1.19%).

The most prevalent building size and type in Leland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.39% owning and 40.61% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Leland's housing was primarily built during this period, from the '40s through the '60s. A full 41.98% of the city's housing hails from this era. Other housing ages represented in Leland include homes built between 1970-1999 ( 34.37%) and housing constructed before 1939 ( 20.69%). There's also some housing in Leland built between 2000 and later ( 2.96%).

Vacant housing appears to be an issue in Leland. Fully 13.78% of the housing stock is classified as vacant. Left unchecked, vacant Leland homes and apartments can be a drag on the real estate market, holding Leland 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.

Leland Home Appreciation Rates

Appreciation rates for homes in Leland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.85%, which ranks in the top 50% nationwide. This equates to an annual average Leland house appreciation rate of 0.28%.

Over the last year, Leland appreciation rates have trailed the rest of the nation. In the last twelve months, Leland's appreciation rate has been 2.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leland were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$65,919

Leland, MS HOME PRICES

Value Range
> $1,065,000 0.0
$799,001 - $1,065,000 0.5
$532,001 - $799,000 0.6
$426,001 - $532,000 0.0
$320,001 - $426,000 3.0
$213,001 - $320,000 6.3
$107,001 - $213,000 16.7
$53,001 - $107,000 43.9
$0 - $53,000 29.0

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
96.5486933083324 89.3877551020408

Number Of Homes And Apartments:
1,746

Leland 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
41.46% 2.03% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$811 / per month

Homeownership Rate

Homeownership
Owners 59.39
Renters 40.61
Vacant 13.78

Housing Market Details

 

Age of Homes

AGE OF Leland HOMES
2000 or Newer 3.0
1970 - 1999 34.4
1940 - 1969 42.0
1939 or Older 20.7

Types of Homes

TYPE OF Leland HOMES
Single-Family 81.5
Townhomes 1.2
Small Apt. Buildings 9.5
Apt. Complexes 7.0
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Leland HOMES
No Bedroom 0.30
1 Bedroom 10.57
2 Bedrooms 26.22
3 Bedrooms 49.09
4 Bedrooms 10.86
5 or more bedrooms 2.96

Popular Neighborhoods in Leland

Zip Codes in Leland, MS