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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 293, 129 total housing units (homes and apartments), and a median house value of $134,767, the cost of homes in Seminary is among some of the lowest in the nation. Compared to Mississippi, however, Seminary real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Seminary, accounting for 86.30% of the town's housing units. Other types of housing that are prevalent in Seminary include mobile homes or trailers ( 13.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Seminary. Owner-occupied housing accounts for 74.42% of Seminary's homes, and 88.36% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Seminary 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 Seminary built between 1940-1969 ( 25.34%). A lesser amount of the housing stock also hails from before 1939 ( 8.90%). There's also some housing in Seminary built between 2000 and later ( 7.53%).
Vacant housing appears to be an issue in Seminary. Fully 11.64% of the housing stock is classified as vacant. Left unchecked, vacant Seminary homes and apartments can be a drag on the real estate market, holding Seminary 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.
Seminary's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Seminary during the period has been just 4.24%, which is lower than 80% of US communities.
Over the last year, Seminary appreciation rates have trailed the rest of the nation. In the last twelve months, Seminary'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 Seminary were at 1.68%, which equates to an annual appreciation rate of 6.90%.
Relative to Mississippi, our data show that Seminary's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.
$134,767
for Mississippi
for nation
129
$1,036 / per month