Ridgeland, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ridgeland Neighborhoods Since 2000




Ridgeland, 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

Ridgeland Housing Market Information

With 24,351 people, 10,287 houses or apartments, and a median cost of homes of $140,982, Ridgeland real estate is some of the most expensive in Mississippi, although Ridgeland home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Ridgeland, accounting for 47.00% of the city's housing units. Other types of housing that are prevalent in Ridgeland include large apartment complexes or high rise apartments ( 39.78%), duplexes, homes converted to apartments or other small apartment buildings ( 8.69%), and a few row houses and other attached homes ( 2.67%).

People in Ridgeland primarily live in small (one, two or no bedroom) single-family detached homes. Ridgeland has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Ridgeland 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 Ridgeland built between 2000 and later ( 19.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.05%).

Ridgeland Home Appreciation Rates

Appreciation rates for homes in Ridgeland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.29%, which ranks in the top 50% nationwide. This equates to an annual average Ridgeland house appreciation rate of 0.03%.

NeighborhoodScout's data show that during the latest twelve months, Ridgeland's appreciation rate, at 3.75%, has been at or slightly above the national average. In the latest quarter, Ridgeland's appreciation rate has been -0.74%, which annualizes to a rate of -2.93%.

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

Relative to Mississippi, our data show that Ridgeland's latest annual appreciation rate is higher than 60% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ridgeland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ridgeland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ridgeland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$140,982

Ridgeland, MS HOME PRICES

Value Range
> $1,068,000 3.3
$801,001 - $1,068,000 0.9
$534,001 - $801,000 4.1
$427,001 - $534,000 3.1
$321,001 - $427,000 6.9
$213,001 - $321,000 15.7
$107,001 - $213,000 50.8
$54,001 - $107,000 8.6
$0 - $54,000 6.7

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
54.3068088597211 14.2857142857143

Number Of Homes And Apartments:
10,287

Ridgeland 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
25.15% 1.31% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Homeownership
Owners 46.68
Renters 53.32
Vacant 9.40

Housing Market Details

 

Age of Homes

AGE OF Ridgeland HOMES
2000 or Newer 19.7
1970 - 1999 72.5
1940 - 1969 7.0
1939 or Older 0.8

Types of Homes

TYPE OF Ridgeland HOMES
Single-Family 47.0
Townhomes 2.7
Small Apt. Buildings 8.7
Apt. Complexes 39.8
Mobile Homes 1.7
Other 0.1

Home Size

SIZE OF Ridgeland HOMES
No Bedroom 4.67
1 Bedroom 17.84
2 Bedrooms 27.45
3 Bedrooms 33.89
4 Bedrooms 13.06
5 or more bedrooms 3.09