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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,368 people, 1,354 houses or apartments, and a median cost of homes of $103,102, house prices in Magee are solidly below the national average.
Single-family detached homes are the single most common housing type in Magee, accounting for 67.83% of the city's housing units. Other types of housing that are prevalent in Magee include large apartment complexes or high rise apartments ( 13.90%), duplexes, homes converted to apartments or other small apartment buildings ( 10.85%), and a few mobile homes or trailers ( 7.42%).
The most prevalent building size and type in Magee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.67% owning and 52.33% renting.
There is a lot of housing in Magee 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 Magee built between 1940-1969 ( 28.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.46%). There's also some housing in Magee built before 1939 ( 4.80%).
Vacant housing appears to be an issue in Magee. Fully 15.59% of the housing stock is classified as vacant. Left unchecked, vacant Magee homes and apartments can be a drag on the real estate market, holding Magee 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.
Appreciation rates for homes in Magee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.77%, which ranks in the top 30% nationwide. This equates to an annual average Magee house appreciation rate of 1.39%.
NeighborhoodScout's data show that during the latest twelve months, Magee's appreciation rate, at 3.87%, has been at or slightly above the national average. In the latest quarter, Magee's appreciation rate has been -0.74%, which annualizes to a rate of -2.93%.
Notably, Magee's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Mississippi, our data show that Magee's latest annual appreciation rate is higher than 60% of the other cities and towns in Mississippi.
|$819,001 - $1,092,000||0.0|
|$546,001 - $819,000||0.0|
|$437,001 - $546,000||0.6|
|$328,001 - $437,000||3.1|
|$218,001 - $328,000||8.4|
|$109,001 - $218,000||29.1|
|$55,001 - $109,000||38.4|
|$0 - $55,000||19.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Magee HOMES|
|2000 or Newer||17.5|
|1970 - 1999||49.0|
|1940 - 1969||28.7|
|1939 or Older||4.8|
|TYPE OF Magee HOMES|
|Small Apt. Buildings||10.8|
|SIZE OF Magee HOMES|
|5 or more bedrooms||0.00|