Saltillo, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Saltillo Neighborhoods Since 2000




Saltillo, 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

Saltillo Housing Market Information

With 5,004 people, 2,173 houses or apartments, and a median cost of homes of $165,757, Saltillo real estate is some of the most expensive in Mississippi, although Saltillo home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Saltillo, accounting for 69.00% of the city's housing units. Other types of housing that are prevalent in Saltillo include large apartment complexes or high rise apartments ( 14.81%), duplexes, homes converted to apartments or other small apartment buildings ( 10.46%), and a few mobile homes or trailers ( 4.82%).

The most prevalent building size and type in Saltillo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.61% owning and 35.39% renting.

There is a lot of housing in Saltillo 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 Saltillo built between 2000 and later ( 31.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.86%). There's also some housing in Saltillo built before 1939 ( 3.52%).

Saltillo Home Appreciation Rates

Appreciation rates for homes in Saltillo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.13%, which ranks in the top 40% nationwide. This equates to an annual average Saltillo house appreciation rate of 0.50%.

NeighborhoodScout's data show that during the latest twelve months, Saltillo's appreciation rate, at 3.89%, has been at or slightly above the national average. In the latest quarter, Saltillo's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$165,757

Saltillo, MS HOME PRICES

Value Range
> $1,069,000 0.2
$802,001 - $1,069,000 0.1
$534,001 - $802,000 0.0
$427,001 - $534,000 2.5
$321,001 - $427,000 5.1
$214,001 - $321,000 16.2
$107,001 - $214,000 41.0
$54,001 - $107,000 21.4
$0 - $54,000 13.6

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
43.3434899800774 5.71428571428571

Number Of Homes And Apartments:
2,173

Saltillo 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
29.74% 1.52% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$714 / per month

Homeownership Rate

Homeownership
Owners 64.61
Renters 35.39
Vacant 5.64

Housing Market Details

 

Age of Homes

AGE OF Saltillo HOMES
2000 or Newer 31.7
1970 - 1999 57.0
1940 - 1969 7.9
1939 or Older 3.5

Types of Homes

TYPE OF Saltillo HOMES
Single-Family 69.0
Townhomes 0.9
Small Apt. Buildings 10.5
Apt. Complexes 14.8
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Saltillo HOMES
No Bedroom 11.29
1 Bedroom 3.30
2 Bedrooms 29.40
3 Bedrooms 47.59
4 Bedrooms 7.56
5 or more bedrooms 0.87