Pascagoula, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Pascagoula Neighborhoods Since 2000




Pascagoula, MS Real Estate Data


Pascagoula Housing Market Information

With 22,126 people, 8,329 houses or apartments, and a median cost of homes of $122,112, house prices in Pascagoula are solidly below the national average.

Single-family detached homes are the single most common housing type in Pascagoula, accounting for 60.32% of the city's housing units. Other types of housing that are prevalent in Pascagoula include large apartment complexes or high rise apartments ( 25.93%), duplexes, homes converted to apartments or other small apartment buildings ( 9.42%), and a few mobile homes or trailers ( 2.13%).

The most prevalent building size and type in Pascagoula are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.29% owning and 47.71% 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. Pascagoula's housing was primarily built during this period, from the '40s through the '60s. A full 44.04% of the city's housing hails from this era. Other housing ages represented in Pascagoula include homes built between 1970-1999 ( 41.77%) and housing constructed between 2000 and later ( 11.14%). There's also some housing in Pascagoula built before 1939 ( 3.05%).

Vacant housing appears to be an issue in Pascagoula. Fully 21.23% of the housing stock is classified as vacant. Left unchecked, vacant Pascagoula homes and apartments can be a drag on the real estate market, holding Pascagoula 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.

Pascagoula Home Appreciation Rates

Real estate appreciation rates in Pascagoula's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

NeighborhoodScout's data show that during the latest twelve months, Pascagoula's appreciation rate, at 4.94%, has been at or slightly above the national average. In the latest quarter, Pascagoula's appreciation rate has been 4.37%, which annualizes to a rate of 18.64%.

Importantly, this makes Pascagoula one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Mississippi, our data show that Pascagoula's latest annual appreciation rate is lower 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 Pascagoula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pascagoula - 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 Pascagoula real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$122,112

Pascagoula, MS HOME PRICES

Value Range
> $1,060,000 0.2
$795,001 - $1,060,000 0.3
$530,001 - $795,000 0.8
$424,001 - $530,000 0.6
$318,001 - $424,000 3.4
$212,001 - $318,000 8.5
$106,001 - $212,000 36.1
$53,001 - $106,000 43.6
$0 - $53,000 6.4

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
65.1051121391345 20.8163265306122

Number Of Homes And Apartments:
8,329

Rent & Ownership

 

Average Market Rent:
$1,007 / per month

Homeownership Rate

Homeownership
Owners 52.29
Renters 47.71
Vacant 21.23

Housing Market Details

 

Age of Homes

AGE OF Pascagoula HOMES
2000 or Newer 11.1
1970 - 1999 41.8
1940 - 1969 44.0
1939 or Older 3.0

Types of Homes

TYPE OF Pascagoula HOMES
Single-Family 60.3
Townhomes 1.9
Small Apt. Buildings 9.4
Apt. Complexes 25.9
Mobile Homes 2.1
Other 0.3

Home Size

SIZE OF Pascagoula HOMES
No Bedroom 2.71
1 Bedroom 7.47
2 Bedrooms 33.10
3 Bedrooms 44.78
4 Bedrooms 9.98
5 or more bedrooms 1.96

Pascagoula 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
36.34% 1.84% 5 4
* 10 is highest