Nettleton, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nettleton, 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

Nettleton Housing Market Information

With a population of 1,953, 739 total housing units (homes and apartments), and a median house value of $77,646, house prices in Nettleton are solidly below the national average.

Single-family detached homes are the single most common housing type in Nettleton, accounting for 74.29% of the city's housing units. Other types of housing that are prevalent in Nettleton include mobile homes or trailers ( 17.21%), duplexes, homes converted to apartments or other small apartment buildings ( 7.52%).

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 56.75% owning and 43.25% 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 ( 31.59%). A lesser amount of the housing stock also hails from before 1939 ( 6.64%). There's also some housing in Nettleton built between 2000 and later ( 4.90%).

Vacant housing appears to be an issue in Nettleton. Fully 19.50% 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

Real estate appreciation rates in Nettleton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

Appreciation rates are so strong in Nettleton that despite a nationwide downturn in the housing market, Nettleton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nettleton appreciation rates continue to be some of the highest in America, at 5.65%, which is higher than appreciation rates in 70.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nettleton. Nettleton 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 Nettleton's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$77,646

Nettleton, MS HOME PRICES

Value Range
> $1,027,000 0.3
$770,001 - $1,027,000 0.0
$513,001 - $770,000 0.4
$411,001 - $513,000 1.6
$308,001 - $411,000 3.1
$205,001 - $308,000 7.3
$103,001 - $205,000 22.6
$51,001 - $103,000 32.8
$0 - $51,000 31.9

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
91.8668697996015 69.3877551020408

Number Of Homes And Apartments:
739

Nettleton 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
15.42% 0.83% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 56.75
Renters 43.25
Vacant 19.50

Housing Market Details

 

Age of Homes

AGE OF Nettleton HOMES
2000 or Newer 4.9
1970 - 1999 56.9
1940 - 1969 31.6
1939 or Older 6.6

Types of Homes

TYPE OF Nettleton HOMES
Single-Family 74.3
Townhomes 0.0
Small Apt. Buildings 7.5
Apt. Complexes 1.0
Mobile Homes 17.2
Other 0.0

Home Size

SIZE OF Nettleton HOMES
No Bedroom 0.00
1 Bedroom 5.12
2 Bedrooms 30.28
3 Bedrooms 43.46
4 Bedrooms 16.99
5 or more bedrooms 4.14

Popular Neighborhoods in Nettleton

Zip Codes in Nettleton, MS