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 437 people, 125 houses or apartments, and a median cost of homes of $160,028, the cost of homes in Bogue Chitto is among some of the lowest in the nation. Compared to Mississippi, however, Bogue Chitto real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Bogue Chitto, accounting for 55.46% of the town's housing units. Other types of housing that are prevalent in Bogue Chitto include mobile homes or trailers ( 44.54%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bogue Chitto. Owner-occupied housing accounts for 89.60% of Bogue Chitto's homes, and 94.54% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bogue Chitto 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 Bogue Chitto built between 2000 and later ( 35.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.91%).
Vacant housing appears to be an issue in Bogue Chitto. Fully 47.48% of the housing stock is classified as vacant. Left unchecked, vacant Bogue Chitto homes and apartments can be a drag on the real estate market, holding Bogue Chitto 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.
Bogue Chitto's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bogue Chitto during the period has been just 5.66%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Bogue Chitto's appreciation rate, at 6.25%, has been at or slightly above the national average. In the latest quarter, Bogue Chitto's appreciation rate has been 2.38%, which annualizes to a rate of 9.88%.
Relative to Mississippi, our data show that Bogue Chitto's latest annual appreciation rate is higher than 50% of the other cities and towns in Mississippi.
$160,028
for Mississippi
for nation
125
$1,096 / per month