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 1,134 people, 645 houses or apartments, and a median cost of homes of $162,569, the cost of homes in Mantachie is among some of the lowest in the nation. Compared to Mississippi, however, Mantachie real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Mantachie, accounting for 82.67% of the town's housing units. Other types of housing that are prevalent in Mantachie include mobile homes or trailers ( 5.59%), duplexes, homes converted to apartments or other small apartment buildings ( 5.59%), and a few large apartment complexes or high rise apartments ( 5.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mantachie. Owner-occupied housing accounts for 74.79% of Mantachie's homes, and 70.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mantachie 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 Mantachie built between 2000 and later ( 19.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.10%). There's also some housing in Mantachie built before 1939 ( 2.05%).
Vacant housing appears to be an issue in Mantachie. Fully 12.01% of the housing stock is classified as vacant. Left unchecked, vacant Mantachie homes and apartments can be a drag on the real estate market, holding Mantachie 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.
Mantachie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mantachie during the period has been just 5.42%, which is lower than 70% of US communities.
Appreciation rates are so strong in Mantachie that despite a nationwide downturn in the housing market, Mantachie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mantachie appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 83.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mantachie. Mantachie appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.88%.
Relative to Mississippi, our data show that Mantachie's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.
$162,569
for Mississippi
for nation
645
$1,421 / per month