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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Terry, MS Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Terry, MS Housing Market Trends

With 1,423 people, 488 houses or apartments, and a median cost of homes of $210,958, house prices in Terry are solidly below the national average.

Single-family detached homes are the single most common housing type in Terry, accounting for 77.63% of the town's housing units. Other types of housing that are prevalent in Terry include mobile homes or trailers ( 16.35%), row houses and other attached homes ( 4.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.32%).

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 88.93% of Terry's homes, and 75.75% 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. 49.62% 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 ( 26.88%), and between 1940-1969 ( 18.05%). There's also some housing in Terry built before 1939 ( 5.45%).

Terry Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Terry, where house values have increased just 43.23%, which is annualized rate of 3.66%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Terry appreciation rates have trailed the rest of the nation. In the last twelve months, Terry's appreciation rate has been 1.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Terry were at 1.33%, which equates to an annual appreciation rate of 5.45%.

Relative to Mississippi, our data show that Terry's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.

Average Home Values

Median Home Value

$210,958

Terry, MS Home Prices
> $1,249,000
$936,001 - $1,249,000
$624,001 - $936,000
$499,001 - $624,000
$375,001 - $499,000
$250,001 - $375,000
$125,001 - $250,000
$62,001 - $125,000
$0 - $62,000
0.0%
0.0%
0.2%
0.2%
5.8%
5.8%
5.6%
5.6%
13.9%
13.9%
16.6%
16.6%
30.1%
30.1%
25.1%
25.1%
2.6%
2.6%
0% 100.0%
% of Homes
Very High

for Mississippi

Low

for nation

Number of Homes And Apartments:

488

Terry Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,328 / per month

Homeownership Rate

Owners
Renters
88.9%
88.9%
11.1%
11.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.3%
8.3%
91.7%
91.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
49.6%
49.6%
26.9%
26.9%
18.0%
18.0%
5.5%
5.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.6%
77.6%
4.7%
4.7%
1.3%
1.3%
0.0%
0.0%
16.4%
16.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
1.5%
1.5%
19.4%
19.4%
58.8%
58.8%
16.9%
16.9%
2.8%
2.8%
0% 100.0%
% of Homes