Long Beach, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Long Beach Neighborhoods Since 2000




Long Beach, MS Real Estate Data


Long Beach Housing Market Information

With 15,555 people, 5,837 houses or apartments, and a median cost of homes of $148,318, Long Beach real estate is some of the most expensive in Mississippi, although Long Beach home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Long Beach, accounting for 77.66% of the city's housing units. Other types of housing that are prevalent in Long Beach include large apartment complexes or high rise apartments ( 13.13%), duplexes, homes converted to apartments or other small apartment buildings ( 7.32%), and a few row houses and other attached homes ( 1.67%).

The most prevalent building size and type in Long Beach are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.38% owning and 37.62% renting.

There is a lot of housing in Long Beach 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 Long Beach built between 2000 and later ( 26.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.28%). There's also some housing in Long Beach built before 1939 ( 1.09%).

Vacant housing appears to be an issue in Long Beach. Fully 12.83% of the housing stock is classified as vacant. Left unchecked, vacant Long Beach homes and apartments can be a drag on the real estate market, holding Long Beach 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.

Long Beach Home Appreciation Rates

Long Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Long Beach during the period has been just -1.68%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Long Beach's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Long Beach's appreciation rate has been 4.37%, which annualizes to a rate of 18.64%.

Importantly, this makes Long Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$148,318

Long Beach, MS HOME PRICES

Value Range
> $1,037,000 0.6
$778,001 - $1,037,000 0.1
$518,001 - $778,000 0.9
$415,001 - $518,000 0.8
$311,001 - $415,000 4.6
$208,001 - $311,000 13.8
$104,001 - $208,000 48.8
$52,001 - $104,000 25.2
$0 - $52,000 5.2

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
51.5898577033437 9.38775510204082

Number Of Homes And Apartments:
5,837

Rent & Ownership

 

Average Market Rent:
$1,195 / per month

Homeownership Rate

Homeownership
Owners 62.38
Renters 37.62
Vacant 12.83

Housing Market Details

 

Age of Homes

AGE OF Long Beach HOMES
2000 or Newer 26.6
1970 - 1999 50.0
1940 - 1969 22.3
1939 or Older 1.1

Types of Homes

TYPE OF Long Beach HOMES
Single-Family 77.7
Townhomes 1.7
Small Apt. Buildings 7.3
Apt. Complexes 13.1
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Long Beach HOMES
No Bedroom 0.00
1 Bedroom 4.35
2 Bedrooms 23.43
3 Bedrooms 52.34
4 Bedrooms 17.37
5 or more bedrooms 2.51

Long Beach 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
21.01% 1.13% 1 2
* 10 is highest

Popular Neighborhoods in Long Beach

Popular Communities Near Long Beach, MS

Zip Codes in Long Beach, MS