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 10,596 people, 4,538 houses or apartments, and a median cost of homes of $363,589, Bay St. Louis real estate is some of the most expensive in Mississippi, although Bay St. Louis home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Bay St. Louis, accounting for 79.34% of the city's housing units. Other types of housing that are prevalent in Bay St. Louis include large apartment complexes or high rise apartments ( 13.52%), duplexes, homes converted to apartments or other small apartment buildings ( 4.40%), and a few mobile homes or trailers ( 2.14%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bay St. Louis. Owner-occupied housing accounts for 74.82% of Bay St. Louis's homes, and 59.58% have either three or four bedrooms, which is average sized relative to America.
Bay St. Louis homes and real estate are some of the newest in America. 40.82% of Bay St. Louis's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bay St. Louis real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.64%), and between 1940-1969 ( 19.04%). There's also some housing in Bay St. Louis built before 1939 ( 8.49%).
Vacant housing appears to be an issue in Bay St. Louis. Fully 17.85% of the housing stock is classified as vacant. Left unchecked, vacant Bay St. Louis homes and apartments can be a drag on the real estate market, holding Bay St. Louis 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.
In the last 10 years, Bay St. Louis has experienced some of the highest home appreciation rates of any community in the nation. Bay St. Louis real estate appreciated 127.05% over the last ten years, which is an average annual home appreciation rate of 8.55%, putting Bay St. Louis in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bay St. Louis definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Bay St. Louis's appreciation rate, at 7.54%, has been at or slightly above the national average. In the latest quarter, Bay St. Louis's appreciation rate has been -1.40%, which annualizes to a rate of -5.47%.
Notably, Bay St. Louis's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Mississippi, our data show that Bay St. Louis's latest annual appreciation rate is higher than 70% 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 Bay St. Louis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bay St. Louis - 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 Bay St. Louis real estate investment or home purchase decisions.
$363,589
for Mississippi
for nation
4,538
$1,688 / per month