Pontotoc, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pontotoc, 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

Pontotoc Housing Market Information

With a population of 5,944, 1,890 total housing units (homes and apartments), and a median house value of $117,980, 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 82.29% 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 ( 8.03%), large apartment complexes or high rise apartments ( 4.33%), and a few mobile homes or trailers ( 4.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pontotoc. Owner-occupied housing accounts for 66.20% of Pontotoc's homes, and 71.86% have either three or four bedrooms, which is average sized relative to America.

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 ( 29.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.36%). There's also some housing in Pontotoc built before 1939 ( 3.26%).

Vacant housing appears to be an issue in Pontotoc. Fully 15.70% 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

Appreciation rates for homes in Pontotoc have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.03%, which ranks in the top 40% nationwide. This equates to an annual average Pontotoc house appreciation rate of 0.87%.

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 3.08%, 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 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Pontotoc's latest annual appreciation rate is lower than 50% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$117,980

Pontotoc, MS HOME PRICES

Value Range
> $1,092,000 0.0
$819,001 - $1,092,000 0.1
$546,001 - $819,000 0.0
$437,001 - $546,000 0.0
$327,001 - $437,000 0.2
$219,001 - $327,000 8.1
$109,001 - $219,000 45.8
$54,001 - $109,000 36.4
$0 - $54,000 9.4

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
66.6822922770421 23.265306122449

Number Of Homes And Apartments:
1,890

Pontotoc 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
44.85% 2.17% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$822 / per month

Homeownership Rate

Homeownership
Owners 66.20
Renters 33.80
Vacant 15.70

Housing Market Details

 

Age of Homes

AGE OF Pontotoc HOMES
2000 or Newer 12.4
1970 - 1999 55.0
1940 - 1969 29.4
1939 or Older 3.3

Types of Homes

TYPE OF Pontotoc HOMES
Single-Family 82.3
Townhomes 1.2
Small Apt. Buildings 8.0
Apt. Complexes 4.3
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Pontotoc HOMES
No Bedroom 0.40
1 Bedroom 6.60
2 Bedrooms 18.73
3 Bedrooms 56.65
4 Bedrooms 15.21
5 or more bedrooms 2.41

Popular Neighborhoods in Pontotoc

Popular Communities Near Pontotoc, MS

Zip Codes in Pontotoc, MS