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 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'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.
$323,486
for Mississippi
for nation
4,073
$2,210 / per month