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 1,423 people, 488 houses or apartments, and a median cost of homes of $231,281, house prices in Terry are solidly below the national average.
Single-family detached homes are the single most common housing type in Terry, accounting for 77.63% of the town's housing units. Other types of housing that are prevalent in Terry include mobile homes or trailers ( 16.35%), row houses and other attached homes ( 4.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Terry. Owner-occupied housing accounts for 88.93% of Terry's homes, and 75.75% have either three or four bedrooms, which is average sized relative to America.
Terry homes and real estate are some of the newest in America. 49.62% of Terry's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Terry real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.88%), and between 1940-1969 ( 18.05%). There's also some housing in Terry built before 1939 ( 5.45%).
Terry's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Terry during the period has been just 4.56%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Terry's appreciation rate, at 10.43%, has been at or slightly above the national average. In the latest quarter, Terry's appreciation rate has been 7.44%, which annualizes to a rate of 33.25%.
Importantly, this makes Terry one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Mississippi, our data show that Terry's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.
$231,281
for Mississippi
for nation
488
$1,338 / per month