menu
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.



Purvis, 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

Purvis, MS Housing Market Trends

With 1,942 people, 667 houses or apartments, and a median cost of homes of $215,783, house prices in Purvis are solidly below the national average.

Single-family detached homes are the single most common housing type in Purvis, accounting for 86.42% of the city's housing units. Other types of housing that are prevalent in Purvis include duplexes, homes converted to apartments or other small apartment buildings ( 7.41%), mobile homes or trailers ( 3.21%), and a few large apartment complexes or high rise apartments ( 2.96%).

The most prevalent building size and type in Purvis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.86% owning and 36.14% renting.

There is a lot of housing in Purvis 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 Purvis built between 1940-1969 ( 20.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.37%). There's also some housing in Purvis built before 1939 ( 16.91%).

Vacant housing appears to be an issue in Purvis. Fully 17.65% of the housing stock is classified as vacant. Left unchecked, vacant Purvis homes and apartments can be a drag on the real estate market, holding Purvis 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.

Purvis Home Appreciation Rates

Purvis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Purvis during the period has been just 4.55%, which is lower than 80% of US communities.

Over the last year, Purvis appreciation rates have trailed the rest of the nation. In the last twelve months, Purvis's appreciation rate has been 0.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Purvis were at 1.68%, which equates to an annual appreciation rate of 6.89%.

Relative to Mississippi, our data show that Purvis's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.

Average Home Values

Median Home Value

$215,783

Purvis, MS Home Prices
> $1,221,000
$916,001 - $1,221,000
$611,001 - $916,000
$488,001 - $611,000
$367,001 - $488,000
$245,001 - $367,000
$122,001 - $245,000
$61,001 - $122,000
$0 - $61,000
0.0%
0.0%
0.0%
0.0%
2.7%
2.7%
0.0%
0.0%
8.8%
8.8%
29.5%
29.5%
34.3%
34.3%
12.2%
12.2%
12.5%
12.5%
0% 100.0%
% of Homes
Very High

for Mississippi

Low

for nation

Number of Homes And Apartments:

667

Purvis Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,278 / per month

Homeownership Rate

Owners
Renters
63.9%
63.9%
36.1%
36.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.7%
17.7%
82.3%
82.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.4%
20.4%
41.9%
41.9%
20.9%
20.9%
16.9%
16.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.4%
86.4%
0.0%
0.0%
7.4%
7.4%
3.0%
3.0%
3.2%
3.2%
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
0.9%
0.9%
4.1%
4.1%
17.2%
17.2%
56.0%
56.0%
21.9%
21.9%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Purvis

Popular Communities Near Purvis, MS

Zip Codes in Purvis, MS