Pearl, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pearl Neighborhoods Since 2000




Pearl, 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

Pearl Housing Market Information

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%).

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 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.

Average Home Values

 

Median Home Value:
$144,373

Pearl, MS HOME PRICES

Value Range
> $1,090,000 0.3
$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

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
52.5665065041603 12.2448979591837

Number Of Homes And Apartments:
10,437

Pearl 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
35.38% 1.77% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,077 / 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