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 12,041, 5,024 total housing units (homes and apartments), and a median house value of $105,875, house prices in McComb are some of the most affordable in Mississippi as well as the nation.
Single-family detached homes are the single most common housing type in McComb, accounting for 60.95% of the city's housing units. Other types of housing that are prevalent in McComb include large apartment complexes or high rise apartments ( 18.76%), duplexes, homes converted to apartments or other small apartment buildings ( 13.25%), and a few row houses and other attached homes ( 3.59%).
The most prevalent building size and type in McComb are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.03% owning and 55.97% renting.
There is a lot of housing in McComb 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 McComb built between 1940-1969 ( 24.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.24%). There's also some housing in McComb built before 1939 ( 12.78%).
Vacant housing appears to be an issue in McComb. Fully 21.20% of the housing stock is classified as vacant. Left unchecked, vacant McComb homes and apartments can be a drag on the real estate market, holding McComb 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 McComb, where house values have increased just 24.08%, which is annualized rate of 2.18%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, McComb appreciation rates have trailed the rest of the nation. In the last twelve months, McComb's appreciation rate has been 3.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McComb were at 2.38%, which equates to an annual appreciation rate of 9.88%.
Relative to Mississippi, our data show that McComb'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 city. Individual neighborhoods within McComb differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McComb - 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 McComb real estate investment or home purchase decisions.
$105,875
for Mississippi
for nation
5,024
$1,461 / per month