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 9,913, 4,000 total housing units (homes and apartments), and a median house value of $148,029, the cost of homes in Yazoo City is among some of the lowest in the nation. Compared to Mississippi, however, Yazoo City real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Yazoo City, accounting for 58.17% of the city's housing units. Other types of housing that are prevalent in Yazoo City include duplexes, homes converted to apartments or other small apartment buildings ( 20.84%), large apartment complexes or high rise apartments ( 12.29%), and a few mobile homes or trailers ( 8.32%).
Renters dominate Yazoo City's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Yazoo City 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 Yazoo City built between 1940-1969 ( 26.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.82%). There's also some housing in Yazoo City built before 1939 ( 9.27%).
Vacant housing appears to be an issue in Yazoo City. Fully 17.78% of the housing stock is classified as vacant. Left unchecked, vacant Yazoo City homes and apartments can be a drag on the real estate market, holding Yazoo City 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Yazoo City, where house values have increased just 59.11%, which is annualized rate of 4.75%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Yazoo City that despite a nationwide downturn in the housing market, Yazoo City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yazoo City appreciation rates continue to be some of the highest in America, at 5.61%, which is higher than appreciation rates in 72.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yazoo City. Yazoo City appreciation rates in the latest quarter were at 1.23%, which equates to an annual appreciation rate of 5.03%.
Relative to Mississippi, our data show that Yazoo City's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.
$148,029
for Mississippi
for nation
4,000
$1,106 / per month