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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Flowood, MS Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Flowood, MS Housing Market Trends

With a population of 10,530, 4,073 total housing units (homes and apartments), and a median house value of $323,486, Flowood real estate is some of the most expensive in Mississippi, although Flowood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Flowood, accounting for 56.80% of the city's housing units. Other types of housing that are prevalent in Flowood include large apartment complexes or high rise apartments ( 32.97%), duplexes, homes converted to apartments or other small apartment buildings ( 6.04%), and a few mobile homes or trailers ( 2.22%).

The most prevalent building size and type in Flowood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.21% owning and 47.79% renting.

There is a lot of housing in Flowood 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 Flowood built between 2000 and later ( 46.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.75%).

Flowood Home Appreciation Rates

Flowood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Flowood during the period has been just 4.94%, which is lower than 80% of US communities.

Appreciation rates are so strong in Flowood that despite a nationwide downturn in the housing market, Flowood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Flowood appreciation rates continue to be some of the highest in America, at 9.76%, which is higher than appreciation rates in 86.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Flowood. Flowood appreciation rates in the latest quarter were at 0.63%, which equates to an annual appreciation rate of 2.56%.

Relative to Mississippi, our data show that Flowood's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.

Average Home Values

Median Home Value

$323,486

Flowood, MS Home Prices
> $1,321,000
$991,001 - $1,321,000
$660,001 - $991,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.8%
0.8%
0.3%
0.3%
6.8%
6.8%
4.4%
4.4%
16.0%
16.0%
34.6%
34.6%
28.6%
28.6%
3.4%
3.4%
5.2%
5.2%
0% 100.0%
% of Homes
Very High

for Mississippi

High

for nation

Number of Homes And Apartments:

4,073

Flowood Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,210 / per month

Homeownership Rate

Owners
Renters
52.2%
52.2%
47.8%
47.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
46.3%
46.3%
49.9%
49.9%
3.7%
3.7%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.8%
56.8%
1.6%
1.6%
6.0%
6.0%
33.0%
33.0%
2.2%
2.2%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
9.3%
9.3%
30.3%
30.3%
38.9%
38.9%
13.7%
13.7%
7.2%
7.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Flowood

Zip Codes in Flowood, MS