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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.



Quitman, 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

Quitman, MS Housing Market Trends

With 1,985 people, 825 houses or apartments, and a median cost of homes of $136,402, the cost of homes in Quitman is among some of the lowest in the nation. Compared to Mississippi, however, Quitman real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Quitman, accounting for 70.48% of the city's housing units. Other types of housing that are prevalent in Quitman include duplexes, homes converted to apartments or other small apartment buildings ( 20.93%), mobile homes or trailers ( 4.44%), and a few large apartment complexes or high rise apartments ( 3.95%).

The most prevalent building size and type in Quitman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.73% owning and 35.27% renting.

There is a lot of housing in Quitman 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 Quitman built between 1940-1969 ( 36.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.11%). There's also some housing in Quitman built before 1939 ( 6.22%).

Vacant housing appears to be an issue in Quitman. Fully 18.56% of the housing stock is classified as vacant. Left unchecked, vacant Quitman homes and apartments can be a drag on the real estate market, holding Quitman 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.

Quitman Home Appreciation Rates

Quitman's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Quitman during the period has been just 4.73%, which is lower than 80% of US communities.

Over the last year, Quitman appreciation rates have trailed the rest of the nation. In the last twelve months, Quitman'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 Quitman were at -1.39%, which equates to an annual appreciation rate of -5.43%.

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

Relative to Mississippi, our data show that Quitman's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.

Average Home Values

Median Home Value

$136,402

Quitman, MS Home Prices
> $1,244,000
$933,001 - $1,244,000
$622,001 - $933,000
$498,001 - $622,000
$373,001 - $498,000
$249,001 - $373,000
$125,001 - $249,000
$62,001 - $125,000
$0 - $62,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.1%
8.1%
18.6%
18.6%
31.5%
31.5%
27.8%
27.8%
13.9%
13.9%
0% 100.0%
% of Homes
Average

for Mississippi

Very Low

for nation

Number of Homes And Apartments:

825

Quitman Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,565 / per month

Homeownership Rate

Owners
Renters
64.7%
64.7%
35.3%
35.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.6%
18.6%
81.4%
81.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.1%
7.1%
50.1%
50.1%
36.5%
36.5%
6.2%
6.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.5%
70.5%
0.2%
0.2%
20.9%
20.9%
3.9%
3.9%
4.4%
4.4%
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
1.8%
1.8%
3.9%
3.9%
22.9%
22.9%
56.4%
56.4%
13.5%
13.5%
1.5%
1.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Quitman

Popular Communities Near Quitman, MS

Zip Codes in Quitman, MS