Senatobia, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Senatobia, 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

Senatobia Housing Market Information

With 7,963 people, 2,774 houses or apartments, and a median cost of homes of $126,576, house prices in Senatobia are solidly below the national average.

Single-family detached homes are the single most common housing type in Senatobia, accounting for 66.67% of the city's housing units. Other types of housing that are prevalent in Senatobia include duplexes, homes converted to apartments or other small apartment buildings ( 15.07%), large apartment complexes or high rise apartments ( 10.77%), and a few mobile homes or trailers ( 5.82%).

The most prevalent building size and type in Senatobia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.59% owning and 54.41% renting.

There is a lot of housing in Senatobia 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 Senatobia built between 2000 and later ( 19.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.68%). There's also some housing in Senatobia built before 1939 ( 4.17%).

Vacant housing appears to be an issue in Senatobia. Fully 10.31% of the housing stock is classified as vacant. Left unchecked, vacant Senatobia homes and apartments can be a drag on the real estate market, holding Senatobia 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.

Senatobia Home Appreciation Rates

Real estate appreciation rates in Senatobia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

NeighborhoodScout's data show that during the latest twelve months, Senatobia's appreciation rate, at 4.15%, has been at or slightly above the national average. In the latest quarter, Senatobia's appreciation rate has been 0.35%, which annualizes to a rate of 1.41%.

Relative to Mississippi, our data show that Senatobia's latest annual appreciation rate is higher than 70% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$126,576

Senatobia, MS HOME PRICES

Value Range
> $1,065,000 0.0
$799,001 - $1,065,000 0.0
$533,001 - $799,000 0.0
$426,001 - $533,000 0.3
$320,001 - $426,000 3.5
$213,001 - $320,000 9.3
$107,001 - $213,000 43.4
$53,001 - $107,000 33.7
$0 - $53,000 9.8

Very High for MS
Low for Nation

Value Relative to Nation Value Relative to State
61.6547521387554 17.9591836734694

Number Of Homes And Apartments:
2,774

Senatobia 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
24.05% 1.26% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$946 / per month

Homeownership Rate

Homeownership
Owners 45.59
Renters 54.41
Vacant 10.31

Housing Market Details

 

Age of Homes

AGE OF Senatobia HOMES
2000 or Newer 19.6
1970 - 1999 60.5
1940 - 1969 15.7
1939 or Older 4.2

Types of Homes

TYPE OF Senatobia HOMES
Single-Family 66.7
Townhomes 1.7
Small Apt. Buildings 15.1
Apt. Complexes 10.8
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Senatobia HOMES
No Bedroom 5.01
1 Bedroom 5.79
2 Bedrooms 19.92
3 Bedrooms 53.96
4 Bedrooms 10.73
5 or more bedrooms 4.59

Popular Neighborhoods in Senatobia

Zip Codes in Senatobia, MS