Wiggins, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wiggins, 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

Wiggins Housing Market Information

With a population of 4,550, 1,323 total housing units (homes and apartments), and a median house value of $114,402, house prices in Wiggins are solidly below the national average.

Single-family detached homes are the single most common housing type in Wiggins, accounting for 79.78% of the city's housing units. Other types of housing that are prevalent in Wiggins include duplexes, homes converted to apartments or other small apartment buildings ( 8.53%), large apartment complexes or high rise apartments ( 6.68%), and a few mobile homes or trailers ( 4.63%).

The most prevalent building size and type in Wiggins are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.82% owning and 59.18% renting.

There is a lot of housing in Wiggins 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 Wiggins built between 2000 and later ( 34.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.95%). There's also some housing in Wiggins built before 1939 ( 10.05%).

Vacant housing appears to be an issue in Wiggins. Fully 12.56% of the housing stock is classified as vacant. Left unchecked, vacant Wiggins homes and apartments can be a drag on the real estate market, holding Wiggins 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.

Wiggins Home Appreciation Rates

Wiggins's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wiggins during the period has been just -1.03%, which is lower than 70% of US communities.

Over the last year, Wiggins appreciation rates have trailed the rest of the nation. In the last twelve months, Wiggins's appreciation rate has been -5.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wiggins were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$114,402

Wiggins, MS HOME PRICES

Value Range
> $995,000 0.0
$746,001 - $995,000 0.0
$497,001 - $746,000 0.1
$397,001 - $497,000 3.7
$299,001 - $397,000 4.3
$199,001 - $299,000 13.6
$99,001 - $199,000 36.3
$50,001 - $99,000 26.3
$0 - $50,000 15.6

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
68.6569787882339 25.7142857142857

Number Of Homes And Apartments:
1,323

Wiggins 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
36.74% 1.83% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$993 / per month

Homeownership Rate

Homeownership
Owners 40.82
Renters 59.18
Vacant 12.56

Housing Market Details

 

Age of Homes

AGE OF Wiggins HOMES
2000 or Newer 34.4
1970 - 1999 34.6
1940 - 1969 21.0
1939 or Older 10.0

Types of Homes

TYPE OF Wiggins HOMES
Single-Family 79.8
Townhomes 0.4
Small Apt. Buildings 8.5
Apt. Complexes 6.7
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Wiggins HOMES
No Bedroom 0.00
1 Bedroom 4.03
2 Bedrooms 27.23
3 Bedrooms 61.00
4 Bedrooms 7.14
5 or more bedrooms 0.59

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Zip Codes in Wiggins, MS