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 1,467 people, 623 houses or apartments, and a median cost of homes of $162,411, the cost of homes in Tylertown is among some of the lowest in the nation. Compared to Mississippi, however, Tylertown real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Tylertown, accounting for 70.81% of the town's housing units. Other types of housing that are prevalent in Tylertown include duplexes, homes converted to apartments or other small apartment buildings ( 21.60%), mobile homes or trailers ( 4.71%), and a few row houses and other attached homes ( 1.57%).
The most prevalent building size and type in Tylertown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.04% owning and 40.96% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tylertown's housing was primarily built during this period, from the '40s through the '60s. A full 44.11% of the town's housing hails from this era. Other housing ages represented in Tylertown include homes built between 1970-1999 ( 36.13%) and housing constructed before 1939 ( 13.74%). There's also some housing in Tylertown built between 2000 and later ( 6.02%).
Vacant housing appears to be an issue in Tylertown. Fully 18.46% of the housing stock is classified as vacant. Left unchecked, vacant Tylertown homes and apartments can be a drag on the real estate market, holding Tylertown 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.
Tylertown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tylertown during the period has been just 5.25%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Tylertown's appreciation rate, at 6.15%, has been at or slightly above the national average. In the latest quarter, Tylertown's appreciation rate has been 2.38%, which annualizes to a rate of 9.88%.
Relative to Mississippi, our data show that Tylertown's latest annual appreciation rate is higher than 50% of the other cities and towns in Mississippi.
$162,411
for Mississippi
for nation
623
$1,373 / per month