Nettleton, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nettleton, MS Real Estate Data


Nettleton Housing Market Information

With a population of 1,953, 724 total housing units (homes and apartments), and a median house value of $86,409, the cost of homes in Nettleton is among some of the lowest in the nation. Compared to Mississippi, however, Nettleton real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Nettleton, accounting for 73.48% of the city's housing units. Other types of housing that are prevalent in Nettleton include mobile homes or trailers ( 13.10%), duplexes, homes converted to apartments or other small apartment buildings ( 10.54%), and a few large apartment complexes or high rise apartments ( 2.88%).

The most prevalent building size and type in Nettleton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.46% owning and 37.54% renting.

There is a lot of housing in Nettleton 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 Nettleton built between 1940-1969 ( 38.66%). A lesser amount of the housing stock also hails from before 1939 ( 5.54%). There's also some housing in Nettleton built between 2000 and later ( 3.83%).

Vacant housing appears to be an issue in Nettleton. Fully 22.90% of the housing stock is classified as vacant. Left unchecked, vacant Nettleton homes and apartments can be a drag on the real estate market, holding Nettleton 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.

Nettleton Home Appreciation Rates

Appreciation rates for homes in Nettleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.89%, which ranks in the top 50% nationwide. This equates to an annual average Nettleton house appreciation rate of 0.29%.

Over the last year, Nettleton appreciation rates have trailed the rest of the nation. In the last twelve months, Nettleton's appreciation rate has been 3.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nettleton were at 1.35%, which equates to an annual appreciation rate of 5.52%.

Relative to Mississippi, our data show that Nettleton's latest annual appreciation rate is lower than 80% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$86,409

Nettleton, MS HOME PRICES

Value Range
> $1,022,000 0.3
$766,001 - $1,022,000 0.0
$511,001 - $766,000 0.4
$409,001 - $511,000 1.5
$307,001 - $409,000 4.4
$204,001 - $307,000 5.8
$102,001 - $204,000 25.0
$51,001 - $102,000 33.1
$0 - $51,000 29.5

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
87.5329390408151 57.9591836734694

Number Of Homes And Apartments:
724

Rent & Ownership

 

Average Market Rent:
$747 / per month

Homeownership Rate

Homeownership
Owners 62.46
Renters 37.54
Vacant 22.90

Housing Market Details

 

Age of Homes

AGE OF Nettleton HOMES
2000 or Newer 3.8
1970 - 1999 52.0
1940 - 1969 38.7
1939 or Older 5.5

Types of Homes

TYPE OF Nettleton HOMES
Single-Family 73.5
Townhomes 0.0
Small Apt. Buildings 10.5
Apt. Complexes 2.9
Mobile Homes 13.1
Other 0.0

Home Size

SIZE OF Nettleton HOMES
No Bedroom 0.00
1 Bedroom 5.32
2 Bedrooms 31.74
3 Bedrooms 48.99
4 Bedrooms 10.01
5 or more bedrooms 3.94

Nettleton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
14.18% 0.78% 1 1
* 10 is highest

Popular Neighborhoods in Nettleton

Zip Codes in Nettleton, MS