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 3,096, 1,214 total housing units (homes and apartments), and a median house value of $165,982, the cost of homes in Iuka is among some of the lowest in the nation. Compared to Mississippi, however, Iuka real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Iuka, accounting for 75.48% of the city's housing units. Other types of housing that are prevalent in Iuka include duplexes, homes converted to apartments or other small apartment buildings ( 20.49%), mobile homes or trailers ( 2.76%), and a few large apartment complexes or high rise apartments ( 1.27%).
The most prevalent building size and type in Iuka are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.80% owning and 44.20% 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. Iuka's housing was primarily built during this period, from the '40s through the '60s. A full 40.24% of the city's housing hails from this era. Other housing ages represented in Iuka include homes built between 1970-1999 ( 40.01%) and housing constructed between 2000 and later ( 10.80%). There's also some housing in Iuka built before 1939 ( 8.94%).
Iuka's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Iuka during the period has been just 5.07%, which is lower than 80% of US communities.
Over the last year, Iuka appreciation rates have trailed the rest of the nation. In the last twelve months, Iuka's appreciation rate has been 4.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Iuka were at 2.38%, which equates to an annual appreciation rate of 9.88%.
Relative to Mississippi, our data show that Iuka's latest annual appreciation rate is lower than 80% of the other cities and towns in Mississippi.
$165,982
for Mississippi
for nation
1,214
$954 / per month