Purvis, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Purvis Neighborhoods Since 2000




Purvis, 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

Purvis Housing Market Information

With 2,335 people, 723 houses or apartments, and a median cost of homes of $153,568, Purvis real estate is some of the most expensive in Mississippi, although Purvis home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Purvis, accounting for 82.54% of the city's housing units. Other types of housing that are prevalent in Purvis include mobile homes or trailers ( 8.67%), large apartment complexes or high rise apartments ( 6.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.51%).

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 58.39% owning and 41.61% 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 ( 30.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.82%). There's also some housing in Purvis built before 1939 ( 3.89%).

Purvis Home Appreciation Rates

Appreciation rates for homes in Purvis have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.27%, which ranks in the top 40% nationwide. This equates to an annual average Purvis house appreciation rate of 0.51%.

Appreciation rates are so strong in Purvis that despite a nationwide downturn in the housing market, Purvis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Purvis appreciation rates continue to be some of the highest in America, at 7.23%, which is higher than appreciation rates in 82.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Purvis. Purvis appreciation rates in the latest quarter were at 1.36%, which equates to an annual appreciation rate of 5.53%.

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

Average Home Values

 

Median Home Value:
$153,568

Purvis, MS HOME PRICES

Value Range
> $1,119,000 0.9
$839,001 - $1,119,000 0.0
$559,001 - $839,000 0.7
$448,001 - $559,000 0.2
$336,001 - $448,000 8.9
$224,001 - $336,000 16.8
$112,001 - $224,000 39.8
$56,001 - $112,000 17.2
$0 - $56,000 15.5

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
48.5233798195242 8.57142857142857

Number Of Homes And Apartments:
723

Purvis 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
54.70% 2.56% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,065 / per month

Homeownership Rate

Homeownership
Owners 58.39
Renters 41.61
Vacant 9.17

Housing Market Details

 

Age of Homes

AGE OF Purvis HOMES
2000 or Newer 14.8
1970 - 1999 50.8
1940 - 1969 30.5
1939 or Older 3.9

Types of Homes

TYPE OF Purvis HOMES
Single-Family 82.5
Townhomes 0.0
Small Apt. Buildings 2.5
Apt. Complexes 6.3
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Purvis HOMES
No Bedroom 0.75
1 Bedroom 3.89
2 Bedrooms 21.11
3 Bedrooms 55.53
4 Bedrooms 17.96
5 or more bedrooms 0.75

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Zip Codes in Purvis, MS