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 a population of 10,530, 4,073 total housing units (homes and apartments), and a median house value of $320,725, Flowood real estate is some of the most expensive in Mississippi, although Flowood home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Flowood, accounting for 56.80% of the city's housing units. Other types of housing that are prevalent in Flowood include large apartment complexes or high rise apartments ( 32.97%), duplexes, homes converted to apartments or other small apartment buildings ( 6.04%), and a few mobile homes or trailers ( 2.22%).
The most prevalent building size and type in Flowood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.21% owning and 47.79% renting.
There is a lot of housing in Flowood 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 Flowood built between 2000 and later ( 46.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.75%).
Flowood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Flowood during the period has been just 5.04%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Flowood's appreciation rate, at 8.41%, has been at or slightly above the national average. In the latest quarter, Flowood's appreciation rate has been 6.47%, which annualizes to a rate of 28.48%.
Importantly, this makes Flowood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Mississippi, our data show that Flowood's latest annual appreciation rate is higher than 50% of the other cities and towns in Mississippi.
$320,725
for Mississippi
for nation
4,073
$2,229 / per month