Vicksburg, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vicksburg, 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

Vicksburg Housing Market Information

With 23,131 people, 9,152 houses or apartments, and a median cost of homes of $96,801, house prices in Vicksburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Vicksburg, accounting for 67.62% of the city's housing units. Other types of housing that are prevalent in Vicksburg include large apartment complexes or high rise apartments ( 18.65%), duplexes, homes converted to apartments or other small apartment buildings ( 8.80%), and a few mobile homes or trailers ( 3.75%).

The most prevalent building size and type in Vicksburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.67% owning and 47.33% renting.

There is a lot of housing in Vicksburg 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 Vicksburg built between 1940-1969 ( 44.08%). A lesser amount of the housing stock also hails from before 1939 ( 6.02%). There's also some housing in Vicksburg built between 2000 and later ( 2.77%).

Vacant housing appears to be an issue in Vicksburg. Fully 14.75% of the housing stock is classified as vacant. Left unchecked, vacant Vicksburg homes and apartments can be a drag on the real estate market, holding Vicksburg 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.

Vicksburg Home Appreciation Rates

Appreciation rates for homes in Vicksburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.79%, which ranks in the top 40% nationwide. This equates to an annual average Vicksburg house appreciation rate of 0.66%.

NeighborhoodScout's data show that during the latest twelve months, Vicksburg's appreciation rate, at 4.86%, has been at or slightly above the national average. In the latest quarter, Vicksburg's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

Relative to Mississippi, our data show that Vicksburg's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Vicksburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vicksburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Vicksburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$96,801

Vicksburg, MS HOME PRICES

Value Range
> $1,083,000 0.2
$812,001 - $1,083,000 0.2
$541,001 - $812,000 0.9
$433,001 - $541,000 1.7
$325,001 - $433,000 3.0
$216,001 - $325,000 9.1
$108,001 - $216,000 23.6
$54,001 - $108,000 44.0
$0 - $54,000 17.1

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
79.6495956873315 40.0

Number Of Homes And Apartments:
9,152

Vicksburg 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
43.75% 2.13% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Homeownership
Owners 52.67
Renters 47.33
Vacant 14.75

Housing Market Details

 

Age of Homes

AGE OF Vicksburg HOMES
2000 or Newer 2.8
1970 - 1999 47.1
1940 - 1969 44.1
1939 or Older 6.0

Types of Homes

TYPE OF Vicksburg HOMES
Single-Family 67.6
Townhomes 1.2
Small Apt. Buildings 8.8
Apt. Complexes 18.6
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Vicksburg HOMES
No Bedroom 1.10
1 Bedroom 10.64
2 Bedrooms 28.89
3 Bedrooms 47.16
4 Bedrooms 10.54
5 or more bedrooms 1.68