County home values continue a vibrant increase
Photo by Brett Jordan on Unsplash
Home values in DeSoto County continue growing and the strong growth is among the best in the state of Mississippi over the past year, according to a new report that came out Thursday.
County communities all ranked among the top 15 cities and municipalities for home price growth over the past year in the state. The website Stacker has come out with a ranking of the top 50 locations in Mississippi based on data from Zillow.
Cities are ranked by the dollar change in Zillow Home Values Index for all homes from the 12 months ending January 2023.
Data was available for 299 cities and towns in Mississippi.
Leading the list in DeSoto County is Hernando at number two in the state, which trailed only number one Madison. The typical home value is $315,006 and the one-year increase in price there is $20,727, or seven percent over one year ago. The five-year price change is up 48.1 percent.
Right behind Hernando at number three is Horn Lake, which sees a typical home value of $176,421 and a one-year price change of $19,523 or an increase of 12.4 percent. The five-year price change is up nearly 65 percent.
Fourth in the state is Nesbit, where the typical home value is $326,328. The one-year price change is $18,696 or 6.1 percent. The five-year price change is 38.1 percent for Nesbit home owners.
Olive Branch was ranked seventh in Mississippi, where the typical home value is $313,825. The one-year price change was up $17,740 or six percent above last year. The five-year price change is an increase of 48.9 percent.
Walls comes in next for DeSoto County at number 13 with a one-year price change of $16,975 or up 8.6 percent at $213,495 for a typical home value. The five-year price change for Walls is up 48.7 percent.
Southaven is the last DeSoto County community listed in the state rankings at number 14 overall. That’s for a one-year price change of $16,827 or 7.3 percent higher. The typical home value is $247,721 in Southaven, which is up 56.2 percent over the past five years.
The complete report from Stacker is found here: https://stacker.com/mississippi/cities-fastest-growing-home-prices-mississippi