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 15,128 people, 6,347 houses or apartments, and a median cost of homes of $89,681, the cost of homes in Natchez is among some of the lowest in the nation. Compared to Mississippi, however, Natchez real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Natchez, accounting for 78.16% of the city's housing units. Other types of housing that are prevalent in Natchez include large apartment complexes or high rise apartments ( 13.25%), duplexes, homes converted to apartments or other small apartment buildings ( 5.53%), and a few mobile homes or trailers ( 1.69%).
The most prevalent building size and type in Natchez are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.43% owning and 45.57% 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. Natchez's housing was primarily built during this period, from the '40s through the '60s. A full 49.66% of the city's housing hails from this era. Other housing ages represented in Natchez include homes built between 1970-1999 ( 38.59%) and housing constructed before 1939 ( 9.61%). There's also some housing in Natchez built between 2000 and later ( 2.13%).
Vacant housing appears to be an issue in Natchez. Fully 18.97% of the housing stock is classified as vacant. Left unchecked, vacant Natchez homes and apartments can be a drag on the real estate market, holding Natchez 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.
In the last 10 years, Natchez has experienced some of the highest home appreciation rates of any community in the nation. Natchez real estate appreciated 16.36% over the last ten years, which is an average annual home appreciation rate of 1.53%, putting Natchez in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Natchez definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Natchez that despite a nationwide downturn in the housing market, Natchez real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Natchez appreciation rates continue to be some of the highest in America, at 6.24%, which is higher than appreciation rates in 76.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Natchez. Natchez appreciation rates in the latest quarter were at 0.54%, which equates to an annual appreciation rate of 2.17%.
Relative to Mississippi, our data show that Natchez's latest annual appreciation rate is higher than 90% 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 Natchez differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Natchez - 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 Natchez real estate investment or home purchase decisions.
|$823,001 - $1,097,000||0.2|
|$549,001 - $823,000||1.6|
|$439,001 - $549,000||2.1|
|$329,001 - $439,000||4.0|
|$220,001 - $329,000||9.2|
|$109,001 - $220,000||25.3|
|$55,001 - $109,000||39.1|
|$0 - $55,000||18.2|
|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 Natchez HOMES|
|2000 or Newer||2.1|
|1970 - 1999||38.6|
|1940 - 1969||49.7|
|1939 or Older||9.6|
|TYPE OF Natchez HOMES|
|Small Apt. Buildings||5.5|
|SIZE OF Natchez HOMES|
|5 or more bedrooms||2.97|