Moss Point, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Moss Point, 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

Moss Point Housing Market Information

With a population of 13,654, 5,208 total housing units (homes and apartments), and a median house value of $89,005, the cost of homes in Moss Point is among some of the lowest in the nation. Compared to Mississippi, however, Moss Point real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Moss Point, accounting for 86.66% of the city's housing units. Other types of housing that are prevalent in Moss Point include duplexes, homes converted to apartments or other small apartment buildings ( 4.97%), large apartment complexes or high rise apartments ( 4.73%), and a few mobile homes or trailers ( 2.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Moss Point. Owner-occupied housing accounts for 66.64% of Moss Point's homes, and 68.38% have either three or four bedrooms, which is average sized relative to America.

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. Moss Point's housing was primarily built during this period, from the '40s through the '60s. A full 56.87% of the city's housing hails from this era. Other housing ages represented in Moss Point include homes built between 1970-1999 ( 32.91%) and housing constructed before 1939 ( 5.20%). There's also some housing in Moss Point built between 2000 and later ( 5.02%).

Vacant housing appears to be an issue in Moss Point. Fully 19.58% of the housing stock is classified as vacant. Left unchecked, vacant Moss Point homes and apartments can be a drag on the real estate market, holding Moss Point 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.

Moss Point Home Appreciation Rates

Moss Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Moss Point during the period has been just -0.86%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Moss Point's appreciation rate, at 3.59%, has been at or slightly above the national average. In the latest quarter, Moss Point's appreciation rate has been -1.05%, which annualizes to a rate of -4.15%.

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

Relative to Mississippi, our data show that Moss Point's latest annual appreciation rate is higher than 50% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Moss Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moss Point - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Moss Point real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$89,005

Moss Point, MS HOME PRICES

Value Range
> $1,089,000 0.6
$817,001 - $1,089,000 0.2
$544,001 - $817,000 0.6
$435,001 - $544,000 0.3
$326,001 - $435,000 2.7
$218,001 - $326,000 6.5
$109,001 - $218,000 32.7
$55,001 - $109,000 43.3
$0 - $55,000 13.1

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
84.6478378061643 52.6530612244898

Number Of Homes And Apartments:
5,208

Moss Point 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
40.59% 1.99% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$933 / per month

Homeownership Rate

Homeownership
Owners 66.64
Renters 33.36
Vacant 19.58

Housing Market Details

 

Age of Homes

AGE OF Moss Point HOMES
2000 or Newer 5.0
1970 - 1999 32.9
1940 - 1969 56.9
1939 or Older 5.2

Types of Homes

TYPE OF Moss Point HOMES
Single-Family 86.7
Townhomes 0.8
Small Apt. Buildings 5.0
Apt. Complexes 4.7
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Moss Point HOMES
No Bedroom 1.13
1 Bedroom 4.57
2 Bedrooms 22.61
3 Bedrooms 53.91
4 Bedrooms 14.47
5 or more bedrooms 3.32