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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pontotoc, MS Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pontotoc, MS Housing Market Trends

With a population of 5,765, 2,042 total housing units (homes and apartments), and a median house value of $206,048, house prices in Pontotoc are solidly below the national average.

Single-family detached homes are the single most common housing type in Pontotoc, accounting for 74.21% of the city's housing units. Other types of housing that are prevalent in Pontotoc include duplexes, homes converted to apartments or other small apartment buildings ( 14.06%), mobile homes or trailers ( 5.74%), and a few large apartment complexes or high rise apartments ( 4.52%).

The most prevalent building size and type in Pontotoc are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.29% owning and 51.71% renting.

There is a lot of housing in Pontotoc 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 Pontotoc built between 1940-1969 ( 38.12%). A lesser amount of the housing stock also hails from before 1939 ( 11.06%). There's also some housing in Pontotoc built between 2000 and later ( 10.38%).

Vacant housing appears to be an issue in Pontotoc. Fully 13.80% of the housing stock is classified as vacant. Left unchecked, vacant Pontotoc homes and apartments can be a drag on the real estate market, holding Pontotoc 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.

Pontotoc Home Appreciation Rates

Pontotoc's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pontotoc during the period has been just 5.20%, which is lower than 70% of US communities.

Over the last year, Pontotoc appreciation rates have trailed the rest of the nation. In the last twelve months, Pontotoc's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pontotoc were at -1.39%, which equates to an annual appreciation rate of -5.43%.

Notably, Pontotoc's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Mississippi, our data show that Pontotoc's latest annual appreciation rate is higher than 70% of the other cities and towns in Mississippi.

Average Home Values

Median Home Value

$206,048

Pontotoc, MS Home Prices
> $1,285,000
$963,001 - $1,285,000
$642,001 - $963,000
$514,001 - $642,000
$385,001 - $514,000
$257,001 - $385,000
$128,001 - $257,000
$64,001 - $128,000
$0 - $64,000
1.2%
1.2%
0.0%
0.0%
0.1%
0.1%
0.1%
0.1%
8.0%
8.0%
20.1%
20.1%
56.8%
56.8%
11.9%
11.9%
1.8%
1.8%
0% 100.0%
% of Homes
High

for Mississippi

Low

for nation

Number of Homes And Apartments:

2,042

Pontotoc Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,308 / per month

Homeownership Rate

Owners
Renters
48.3%
48.3%
51.7%
51.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.8%
13.8%
86.2%
86.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.4%
10.4%
40.4%
40.4%
38.1%
38.1%
11.1%
11.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.2%
74.2%
1.5%
1.5%
14.1%
14.1%
4.5%
4.5%
5.7%
5.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
12.7%
12.7%
9.0%
9.0%
12.4%
12.4%
39.5%
39.5%
24.2%
24.2%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Pontotoc

Zip Codes in Pontotoc, MS