Byhalia, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Byhalia, MS Housing Market Trends

With 1,339 people, 694 houses or apartments, and a median cost of homes of $138,291, house prices in Byhalia are solidly below the national average.

Single-family detached homes are the single most common housing type in Byhalia, accounting for 55.49% of the town's housing units. Other types of housing that are prevalent in Byhalia include mobile homes or trailers ( 15.84%), large apartment complexes or high rise apartments ( 14.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.10%).

The most prevalent building size and type in Byhalia are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.27% owning and 46.73% renting.

There is a lot of housing in Byhalia 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 Byhalia built between 1940-1969 ( 15.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.21%). There's also some housing in Byhalia built before 1939 ( 5.36%).

Vacant housing appears to be an issue in Byhalia. Fully 13.47% of the housing stock is classified as vacant. Left unchecked, vacant Byhalia homes and apartments can be a drag on the real estate market, holding Byhalia 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.

Byhalia Home Appreciation Rates

Real estate appreciation rates in Byhalia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.35% during the period.

NeighborhoodScout's data show that during the latest twelve months, Byhalia's appreciation rate, at 19.66%, has been at or slightly above the national average. In the latest quarter, Byhalia's appreciation rate has been 7.65%, which annualizes to a rate of 34.28%.

Relative to Mississippi, our data show that Byhalia's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Byhalia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Byhalia - 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 Byhalia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$138,291

Byhalia, MS HOME PRICES

> $1,249,000
0.0%
0.0%
$937,001 - $1,249,000
0.0%
0.0%
$625,001 - $937,000
0.4%
0.4%
$500,001 - $625,000
0.0%
0.0%
$375,001 - $500,000
1.6%
1.6%
$250,001 - $375,000
15.6%
15.6%
$125,001 - $250,000
34.9%
34.9%
$63,001 - $125,000
29.5%
29.5%
$0 - $63,000
18.1%
18.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for MS

Value Relative To Nation

Number Of Homes And Apartments:
694

Byhalia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
46.20% 1.74%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$949 / per month

Homeownership Rate

Owners
53.3%
53.3%
Renters
46.7%
46.7%
Vacant
13.5%
13.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.2%
15.2%
1970 - 1999
64.2%
64.2%
1940 - 1969
15.2%
15.2%
1939 or Older
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.5%
55.5%
Townhomes
1.6%
1.6%
Small Apt. Buildings
11.1%
11.1%
Apt. Complexes
15.0%
15.0%
Mobile Homes
15.8%
15.8%
Other
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
14.6%
14.6%
2 Bedrooms
19.6%
19.6%
3 Bedrooms
52.7%
52.7%
4 Bedrooms
8.6%
8.6%
5 or more bedrooms
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Zip Codes in Byhalia, MS