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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,700 people, 1,737 houses or apartments, and a median cost of homes of $178,996, house prices in Crystal Springs are solidly below the national average.
Single-family detached homes are the single most common housing type in Crystal Springs, accounting for 72.34% of the city's housing units. Other types of housing that are prevalent in Crystal Springs include mobile homes or trailers ( 18.75%), duplexes, homes converted to apartments or other small apartment buildings ( 7.68%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crystal Springs. Owner-occupied housing accounts for 69.02% of Crystal Springs's homes, and 66.14% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Crystal Springs 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 Crystal Springs built between 1940-1969 ( 28.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.03%). There's also some housing in Crystal Springs built before 1939 ( 5.99%).
Vacant housing appears to be an issue in Crystal Springs. Fully 11.01% of the housing stock is classified as vacant. Left unchecked, vacant Crystal Springs homes and apartments can be a drag on the real estate market, holding Crystal Springs 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.
Real estate appreciation rates in Crystal Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.82% during the period.
Appreciation rates are so strong in Crystal Springs that despite a nationwide downturn in the housing market, Crystal Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crystal Springs appreciation rates continue to be some of the highest in America, at 25.44%, which is higher than appreciation rates in 99.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crystal Springs. Crystal Springs appreciation rates in the latest quarter were at 0.63%, which equates to an annual appreciation rate of 2.56%.
Relative to Mississippi, our data show that Crystal Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.
$178,996
for Mississippi
for nation
1,737
$977 / per month