Long Beach, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Long Beach Neighborhoods Since 2000




Long Beach, 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

Long Beach Housing Market Information

With 15,555 people, 5,906 houses or apartments, and a median cost of homes of $144,749, 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 74.40% of the city's housing units. Other types of housing that are prevalent in Long Beach include large apartment complexes or high rise apartments ( 14.48%), duplexes, homes converted to apartments or other small apartment buildings ( 9.76%), and a few row houses and other attached homes ( 1.12%).

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 59.05% owning and 40.95% 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 ( 27.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.64%). There's also some housing in Long Beach built before 1939 ( 1.16%).

Vacant housing appears to be an issue in Long Beach. Fully 10.89% 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 -2.09%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Long Beach's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, Long Beach's appreciation rate has been -1.05%, which annualizes to a rate of -4.15%.

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

Relative to Mississippi, our data show that Long Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$144,749

Long Beach, MS HOME PRICES

Value Range
> $1,059,000 0.6
$794,001 - $1,059,000 0.1
$530,001 - $794,000 0.1
$424,001 - $530,000 0.6
$317,001 - $424,000 3.2
$212,001 - $317,000 14.7
$106,001 - $212,000 46.0
$53,001 - $106,000 29.8
$0 - $53,000 4.9

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
52.3086839329661 11.4285714285714

Number Of Homes And Apartments:
5,906

Long Beach 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
22.31% 1.17% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,167 / per month

Homeownership Rate

Homeownership
Owners 59.05
Renters 40.95
Vacant 10.89

Housing Market Details

 

Age of Homes

AGE OF Long Beach HOMES
2000 or Newer 27.2
1970 - 1999 52.0
1940 - 1969 19.6
1939 or Older 1.2

Types of Homes

TYPE OF Long Beach HOMES
Single-Family 74.4
Townhomes 1.1
Small Apt. Buildings 9.8
Apt. Complexes 14.5
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Long Beach HOMES
No Bedroom 0.00
1 Bedroom 6.59
2 Bedrooms 23.19
3 Bedrooms 49.35
4 Bedrooms 17.89
5 or more bedrooms 2.97

Popular Neighborhoods in Long Beach

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Zip Codes in Long Beach, MS