Philadelphia, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Philadelphia Neighborhoods Since 2000




Philadelphia, 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

Philadelphia Housing Market Information

With 7,391 people, 2,740 houses or apartments, and a median cost of homes of $75,574, house prices in Philadelphia are solidly below the national average.

Single-family detached homes are the single most common housing type in Philadelphia, accounting for 81.74% of the city's housing units. Other types of housing that are prevalent in Philadelphia include large apartment complexes or high rise apartments ( 7.69%), mobile homes or trailers ( 5.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.25%).

The most prevalent building size and type in Philadelphia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.13% owning and 42.87% renting.

There is a lot of housing in Philadelphia 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 Philadelphia built between 1940-1969 ( 37.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.01%). There's also some housing in Philadelphia built before 1939 ( 6.67%).

Vacant housing appears to be an issue in Philadelphia. Fully 12.54% of the housing stock is classified as vacant. Left unchecked, vacant Philadelphia homes and apartments can be a drag on the real estate market, holding Philadelphia 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.

Philadelphia Home Appreciation Rates

Appreciation rates for homes in Philadelphia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.22%, which ranks in the top 50% nationwide. This equates to an annual average Philadelphia house appreciation rate of 0.32%.

Over the last year, Philadelphia appreciation rates have trailed the rest of the nation. In the last twelve months, Philadelphia's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Philadelphia were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$75,574

Philadelphia, MS HOME PRICES

Value Range
> $1,039,000 0.0
$779,001 - $1,039,000 0.0
$519,001 - $779,000 0.0
$415,001 - $519,000 1.1
$312,001 - $415,000 0.5
$208,001 - $312,000 7.0
$104,001 - $208,000 29.6
$52,001 - $104,000 37.2
$0 - $52,000 24.5

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
92.8630024610336 74.6938775510204

Number Of Homes And Apartments:
2,740

Philadelphia 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
40.27% 1.98% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$907 / per month

Homeownership Rate

Homeownership
Owners 57.13
Renters 42.87
Vacant 12.54

Housing Market Details

 

Age of Homes

AGE OF Philadelphia HOMES
2000 or Newer 11.0
1970 - 1999 45.1
1940 - 1969 37.2
1939 or Older 6.7

Types of Homes

TYPE OF Philadelphia HOMES
Single-Family 81.7
Townhomes 0.8
Small Apt. Buildings 4.2
Apt. Complexes 7.7
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Philadelphia HOMES
No Bedroom 2.36
1 Bedroom 4.31
2 Bedrooms 22.25
3 Bedrooms 52.67
4 Bedrooms 16.85
5 or more bedrooms 1.56

Popular Communities Near Philadelphia, MS

Zip Codes in Philadelphia, MS