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 9,885 people, 4,076 houses or apartments, and a median cost of homes of $139,302, house prices in West Point are solidly below the national average.
Single-family detached homes are the single most common housing type in West Point, accounting for 69.29% of the city's housing units. Other types of housing that are prevalent in West Point include large apartment complexes or high rise apartments ( 14.42%), duplexes, homes converted to apartments or other small apartment buildings ( 10.78%), and a few mobile homes or trailers ( 5.07%).
The most prevalent building size and type in West Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.98% owning and 42.02% renting.
There is a lot of housing in West Point 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 West Point built between 1940-1969 ( 35.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.39%). There's also some housing in West Point built before 1939 ( 5.51%).
Vacant housing appears to be an issue in West Point. Fully 10.54% of the housing stock is classified as vacant. Left unchecked, vacant West Point homes and apartments can be a drag on the real estate market, holding West Point 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.
West Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Point during the period has been just 4.55%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, West Point's appreciation rate, at 5.67%, has been at or slightly above the national average. In the latest quarter, West Point's appreciation rate has been 2.38%, which annualizes to a rate of 9.88%.
Relative to Mississippi, our data show that West Point's latest annual appreciation rate is lower than 60% of the other cities and towns in Mississippi.
$139,302
for Mississippi
for nation
4,076
$1,291 / per month