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 a population of 26,462, 10,437 total housing units (homes and apartments), and a median house value of $144,373, Pearl real estate is some of the most expensive in Mississippi, although Pearl home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Pearl, accounting for 67.30% of the city's housing units. Other types of housing that are prevalent in Pearl include large apartment complexes or high rise apartments ( 16.63%), mobile homes or trailers ( 13.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.42%).
The most prevalent building size and type in Pearl are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.09% owning and 40.91% renting.
There is a lot of housing in Pearl 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 Pearl built between 1940-1969 ( 27.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.62%).
Appreciation rates for homes in Pearl have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.78%, which ranks in the top 50% nationwide. This equates to an annual average Pearl house appreciation rate of 0.37%.
NeighborhoodScout's data show that during the latest twelve months, Pearl's appreciation rate, at 4.93%, has been at or slightly above the national average. In the latest quarter, Pearl's appreciation rate has been -0.74%, which annualizes to a rate of -2.93%.
Notably, Pearl's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Mississippi, our data show that Pearl's latest annual appreciation rate is higher than 80% 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 Pearl differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pearl - 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 Pearl real estate investment or home purchase decisions.
|$817,001 - $1,090,000||0.2|
|$545,001 - $817,000||1.0|
|$436,001 - $545,000||1.2|
|$327,001 - $436,000||2.2|
|$218,001 - $327,000||8.4|
|$109,001 - $218,000||47.6|
|$54,001 - $109,000||28.1|
|$0 - $54,000||11.0|
|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 Pearl HOMES|
|2000 or Newer||15.6|
|1970 - 1999||56.5|
|1940 - 1969||27.2|
|1939 or Older||0.6|
|TYPE OF Pearl HOMES|
|Small Apt. Buildings||2.4|
|SIZE OF Pearl HOMES|
|5 or more bedrooms||1.01|