McComb, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating McComb Neighborhoods Since 2000




McComb, 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

McComb Housing Market Information

With 12,661 people, 5,126 houses or apartments, and a median cost of homes of $115,672, house prices in McComb are solidly below the national average.

Single-family detached homes are the single most common housing type in McComb, accounting for 63.86% of the city's housing units. Other types of housing that are prevalent in McComb include duplexes, homes converted to apartments or other small apartment buildings ( 16.10%), large apartment complexes or high rise apartments ( 11.21%), and a few mobile homes or trailers ( 5.95%).

The most prevalent building size and type in McComb are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.04% owning and 54.96% 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. McComb's housing was primarily built during this period, from the '40s through the '60s. A full 39.92% of the city's housing hails from this era. Other housing ages represented in McComb include homes built between 1970-1999 ( 34.27%) and housing constructed before 1939 ( 16.62%). There's also some housing in McComb built between 2000 and later ( 9.19%).

Vacant housing appears to be an issue in McComb. Fully 14.64% of the housing stock is classified as vacant. Left unchecked, vacant McComb homes and apartments can be a drag on the real estate market, holding McComb 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.

McComb Home Appreciation Rates

Real estate appreciation rates in McComb's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, McComb appreciation rates have trailed the rest of the nation. In the last twelve months, McComb's appreciation rate has been -2.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McComb were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$115,672

McComb, MS HOME PRICES

Value Range
> $1,005,000 0.0
$753,001 - $1,005,000 0.9
$502,001 - $753,000 0.0
$402,001 - $502,000 1.2
$301,001 - $402,000 2.9
$201,001 - $301,000 9.0
$101,001 - $201,000 28.4
$50,001 - $101,000 36.3
$0 - $50,000 21.1

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
67.865932262979 24.4897959183673

Number Of Homes And Apartments:
5,126

McComb 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
37.30% 1.85% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 45.04
Renters 54.96
Vacant 14.64

Housing Market Details

 

Age of Homes

AGE OF McComb HOMES
2000 or Newer 9.2
1970 - 1999 34.3
1940 - 1969 39.9
1939 or Older 16.6

Types of Homes

TYPE OF McComb HOMES
Single-Family 63.9
Townhomes 2.9
Small Apt. Buildings 16.1
Apt. Complexes 11.2
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF McComb HOMES
No Bedroom 0.97
1 Bedroom 12.71
2 Bedrooms 33.87
3 Bedrooms 42.93
4 Bedrooms 8.73
5 or more bedrooms 0.80