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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 1,367 people, 848 houses or apartments, and a median cost of homes of $138,616, the cost of homes in Byhalia is among some of the lowest in the nation. Compared to Mississippi, however, Byhalia real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Byhalia, accounting for 65.99% of the town's housing units. Other types of housing that are prevalent in Byhalia include mobile homes or trailers ( 12.09%), large apartment complexes or high rise apartments ( 12.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.20%).

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 61.03% owning and 38.97% 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 ( 17.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.05%). There's also some housing in Byhalia built before 1939 ( 8.34%).

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 6.12% during the period.

Over the last year, Byhalia appreciation rates have trailed the rest of the nation. In the last twelve months, Byhalia's appreciation rate has been 2.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Byhalia were at -1.15%, which equates to an annual appreciation rate of -4.52%.

Notably, Byhalia's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Mississippi, our data show that Byhalia's latest annual appreciation rate is lower 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 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

$138,616

Byhalia, MS Home Prices
> $1,193,000
$895,001 - $1,193,000
$597,001 - $895,000
$477,001 - $597,000
$358,001 - $477,000
$238,001 - $358,000
$119,001 - $238,000
$60,001 - $119,000
$0 - $60,000
0.0%
0.0%
0.0%
0.0%
0.6%
0.6%
1.2%
1.2%
6.9%
6.9%
18.1%
18.1%
29.9%
29.9%
27.2%
27.2%
16.2%
16.2%
0% 100.0%
% of Homes
Average

for Mississippi

Very Low

for nation

Number of Homes And Apartments:

848

Byhalia Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,262 / per month

Homeownership Rate

Owners
Renters
61.0%
61.0%
39.0%
39.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.3%
9.3%
90.7%
90.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.1%
17.1%
61.5%
61.5%
13.0%
13.0%
8.3%
8.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.0%
66.0%
0.1%
0.1%
9.2%
9.2%
12.1%
12.1%
12.1%
12.1%
0.5%
0.5%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
8.0%
8.0%
19.8%
19.8%
55.7%
55.7%
12.8%
12.8%
1.5%
1.5%
0% 100.0%
% of Homes

Zip Codes in Byhalia, MS