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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 1,210, 637 total housing units (homes and apartments), and a median house value of $154,545, 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 54.27% of the town's housing units. Other types of housing that are prevalent in Byhalia include mobile homes or trailers ( 16.67%), large apartment complexes or high rise apartments ( 16.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.53%).

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 50.60% owning and 49.40% 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 2000 and later ( 18.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.27%). There's also some housing in Byhalia built before 1939 ( 7.07%).

Vacant housing appears to be an issue in Byhalia. Fully 15.07% 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

Appreciation rates for homes in Byhalia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.65%, which ranks in the top 50% nationwide. This equates to an annual average Byhalia house appreciation rate of 3.90%.

NeighborhoodScout's data show that during the latest twelve months, Byhalia's appreciation rate, at 9.24%, has been at or slightly above the national average. In the latest quarter, Byhalia's appreciation rate has been 3.11%, which annualizes to a rate of 13.03%.

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.

Average Home Values

 

Median Home Value:
$154,545

Byhalia, MS HOME PRICES

> $1,239,000
0.0%
0.0%
$929,001 - $1,239,000
0.0%
0.0%
$619,001 - $929,000
0.1%
0.1%
$495,001 - $619,000
0.2%
0.2%
$372,001 - $495,000
4.7%
4.7%
$248,001 - $372,000
15.4%
15.4%
$124,001 - $248,000
35.5%
35.5%
$62,001 - $124,000
26.4%
26.4%
$0 - $62,000
17.8%
17.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very High for MS

Value Relative To Nation

Number Of Homes And Apartments:
637

Byhalia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
49.80% 1.90%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$975 / per month

Homeownership Rate

Owners
50.6%
50.6%
Renters
49.4%
49.4%
Vacant
15.1%
15.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.3%
18.3%
1970 - 1999
60.4%
60.4%
1940 - 1969
14.3%
14.3%
1939 or Older
7.1%
7.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.3%
54.3%
Townhomes
3.1%
3.1%
Small Apt. Buildings
8.5%
8.5%
Apt. Complexes
16.1%
16.1%
Mobile Homes
16.7%
16.7%
Other
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.9%
3.9%
1 Bedroom
14.8%
14.8%
2 Bedrooms
23.2%
23.2%
3 Bedrooms
48.3%
48.3%
4 Bedrooms
8.9%
8.9%
5 or more bedrooms
0.9%
0.9%
0.0% 100.0%
% OF HOMES