Pearl, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pearl, MS Real Estate Data


Pearl Housing Market Information

With 26,462 people, 10,437 houses or apartments, and a median cost of homes of $145,743, 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%).

Pearl Home Appreciation Rates

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 6.17%, which ranks in the top 40% nationwide. This equates to an annual average Pearl house appreciation rate of 0.60%.

Appreciation rates are so strong in Pearl that despite a nationwide downturn in the housing market, Pearl real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pearl appreciation rates continue to be some of the highest in America, at 7.95%, which is higher than appreciation rates in 85.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pearl. Pearl appreciation rates in the latest quarter were at 2.77%, which equates to an annual appreciation rate of 11.56%.

Importantly, NeighborhoodScout’s exclusive research found that Pearl's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Mississippi, our data show that Pearl'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 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.

Average Home Values

 

Median Home Value:
$145,743

Pearl, MS HOME PRICES

Value Range
> $1,097,000 0.0
$823,001 - $1,097,000 0.2
$549,001 - $823,000 1.0
$439,001 - $549,000 1.2
$329,001 - $439,000 2.2
$219,001 - $329,000 8.4
$110,001 - $219,000 47.6
$55,001 - $110,000 28.1
$0 - $55,000 11.0

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
51.5117778038205 11.4285714285714

Number Of Homes And Apartments:
10,437

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 59.09
Renters 40.91
Vacant 6.59

Housing Market Details

 

Age of Homes

AGE OF Pearl HOMES
2000 or Newer 15.6
1970 - 1999 56.5
1940 - 1969 27.2
1939 or Older 0.6

Types of Homes

TYPE OF Pearl HOMES
Single-Family 67.3
Townhomes 0.0
Small Apt. Buildings 2.4
Apt. Complexes 16.6
Mobile Homes 13.7
Other 0.0

Home Size

SIZE OF Pearl HOMES
No Bedroom 0.95
1 Bedroom 6.50
2 Bedrooms 20.18
3 Bedrooms 57.58
4 Bedrooms 13.78
5 or more bedrooms 1.01

Pearl Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
36.58% 1.82% 5 4
* 10 is highest