Terry, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Terry Neighborhoods Since 2000




Terry, 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

Terry Housing Market Information

With a population of 1,103, 504 total housing units (homes and apartments), and a median house value of $156,800, Terry real estate is some of the most expensive in Mississippi, although Terry home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Terry, accounting for 82.78% of the town's housing units. Other types of housing that are prevalent in Terry include mobile homes or trailers ( 7.78%), large apartment complexes or high rise apartments ( 5.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Terry. Owner-occupied housing accounts for 77.18% of Terry's homes, and 77.59% have either three or four bedrooms, which is average sized relative to America.

Terry homes and real estate are some of the newest in America. 38.15% of Terry's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Terry real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.63%), and between 1940-1969 ( 19.44%). There's also some housing in Terry built before 1939 ( 7.78%).

Terry Home Appreciation Rates

Real estate appreciation rates in Terry's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.

NeighborhoodScout's data show that during the latest twelve months, Terry's appreciation rate, at 4.10%, has been at or slightly above the national average. In the latest quarter, Terry's appreciation rate has been -0.74%, which annualizes to a rate of -2.93%.

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

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

Average Home Values

 

Median Home Value:
$156,800

Terry, MS HOME PRICES

Value Range
> $1,072,000 0.6
$804,001 - $1,072,000 0.5
$536,001 - $804,000 0.6
$429,001 - $536,000 2.8
$322,001 - $429,000 5.3
$214,001 - $322,000 21.8
$107,001 - $214,000 37.6
$53,001 - $107,000 19.4
$0 - $53,000 11.4

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
47.0701980546115 7.34693877551021

Number Of Homes And Apartments:
504

Terry 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
20.65% 1.09% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$920 / per month

Homeownership Rate

Homeownership
Owners 77.18
Renters 22.82
Vacant 6.67

Housing Market Details

 

Age of Homes

AGE OF Terry HOMES
2000 or Newer 38.1
1970 - 1999 34.6
1940 - 1969 19.4
1939 or Older 7.8

Types of Homes

TYPE OF Terry HOMES
Single-Family 82.8
Townhomes 0.0
Small Apt. Buildings 3.5
Apt. Complexes 5.9
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Terry HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 17.96
3 Bedrooms 61.85
4 Bedrooms 15.74
5 or more bedrooms 4.44