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Inverness, MS Housing

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As of 2010-2014, median price of a house in Inverness is $94,400, which is lower than the state average of $100,800 and is much lower than the national average of $175,700. The Inverness median house value has grown by 49.37% since 2000. The growth rate for the price of a house in Inverness is higher than the state average rate of 41.18% and is higher than the national average rate of 46.91%. The median year that a house in Inverness was built is 1972, which is older than the median year for a house built in the state which is 1982 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 205 Owner Occupied Houses in Inverness, MS, #104

Inverness, MS	94,400 USD
Mississippi	100,800 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #127

Inverness, MS	49.37%
Mississippi	41.18%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Inverness, MS	Mississippi	U.S.
Total Housing Units	366, see rank, 100%	1,284,794	132,741,033
Occupied Housing Units	320, 87.43%, see rank	85.04%	87.55%
Owner Occupied	205, 56.01%, see rank	58.59%	56.34%
Renter Occupied	115, 31.42%, see rank	26.45%	31.21%
Vacant Housing Units	46, 12.57%, see rank	14.96%	12.45%
For Rent	17, 4.64%, see rank	3.20%	2.34%
For Sale Only	0, 0.00%, see rank	1.19%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.92%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	3.09%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	29, 7.92%, see rank	6.50%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #258

Inverness, MS	Mississippi	U.S.
1972	1982	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Inverness, MS	%	Mississippi	U.S.
Owner-Occupied Units	205	100%	752,825	74,787,460
With a Mortgage	104	50.73%, see rank	53.37%	65.58%
Without a Mortgage	101	49.27%, see rank	46.63%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Inverness, MS	982 USD
Mississippi	1,090 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Inverness, MS	%	Mississippi	U.S.
$299 or Less	0	0.00%, see rank	0.32%	0.20%
$300 to $499	3	2.88%, see rank	3.84%	1.59%
$500 to $699	21	20.19%, see rank	11.99%	5.01%
$700 to $999	30	28.85%, see rank	26.92%	14.32%
$1,000 to $1,499	38	36.54%, see rank	32.71%	27.90%
$1,500 to $1,999	12	11.54%, see rank	14.24%	20.35%
$2,000 to $2,999	0	0.00%, see rank	7.78%	19.52%
$3,000 or More	0	0.00%, see rank	2.22%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Inverness, MS	17.90% of the Total Income
Mississippi	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Inverness, MS	%	Mississippi	U.S.
10% or Less	22	21.15%, see rank	6.94%	5.86%
10% to 20%	45	43.27%, see rank	35.03%	31.95%
20% to 30%	13	12.50%, see rank	25.20%	27.64%
30% to 40%	8	7.69%, see rank	12.61%	13.74%
40% or More	16	15.38%, see rank	19.44%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Inverness, MS	403 USD
Mississippi	342 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Inverness, MS	%	Mississippi	U.S.
$199 or Less	10	9.90%, see rank	14.03%	7.76%
$200 to $299	31	30.69%, see rank	25.44%	14.70%
$300 to $499	26	25.74%, see rank	39.59%	34.63%
$500 to $699	22	21.78%, see rank	14.55%	21.16%
$700 or More	12	11.88%, see rank	6.39%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Inverness, MS	14.10% of the Total Income
Mississippi	11.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Inverness, MS	%	Mississippi	U.S.
10% or Less	35	34.65%, see rank	41.93%	40.19%
10% to 20%	30	29.70%, see rank	30.64%	31.47%
20% to 30%	10	9.90%, see rank	11.80%	12.24%
30% to 40%	12	11.88%, see rank	5.63%	5.64%
40% or More	14	13.86%, see rank	8.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Inverness, MS	Mississippi	U.S.
Total Housing Units	366, 100%	1,284,794	132,741,033
1-unit, Detached	317, 86.61%, see rank	69.39%	61.65%
1-unit, Attached	0, 0.00%, see rank	1.19%	5.82%
2 Units	7, 1.91%, see rank	2.31%	3.75%
3 or 4 Units	10, 2.73%, see rank	3.00%	4.43%
5 to 9 Units	6, 1.64%, see rank	4.56%	4.78%
10 or More Units	18, 4.92%, see rank	4.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	8, 2.19%, see rank	15.31%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Inverness, MS	Mississippi	U.S.
Total Housing Units	366, 100%	1,284,794	132,741,033
1 Room	0, 0.00%, see rank	1.21%	1.95%
2 Rooms	0, 0.00%, see rank	1.58%	2.48%
3 Rooms	21, 5.74%, see rank	6.13%	9.13%
4 Rooms	38, 10.38%, see rank	16.22%	16.60%
5 Rooms	88, 24.04%, see rank	26.42%	20.41%
6 Rooms	120, 32.79%, see rank	20.78%	18.06%
7 Rooms	37, 10.11%, see rank	12.73%	12.27%
8 Rooms	35, 9.56%, see rank	7.32%	8.48%
9 Rooms or More	27, 7.38%, see rank	7.61%	10.60%
Median Rooms	5.80, see rank	5.40	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Inverness, MS	Mississippi	U.S.
Total Housing Units	366, 100%	1,284,794	132,741,033
No Bedroom	0, 0.00%, see rank	1.31%	2.17%
1 Bedroom	26, 7.10%, see rank	5.88%	11.16%
2 Bedrooms	48, 13.11%, see rank	22.42%	26.69%
3 Bedrooms	226, 61.75%, see rank	53.47%	39.70%
4 Bedrooms	66, 18.03%, see rank	14.46%	16.05%
5 or More Bedrooms	0, 0.00%, see rank	2.46%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Inverness, MS	Mississippi	U.S.
Total Housing Units	320, 100%	1,092,627	116,211,092
Utility Gas	251, 78.44%, see rank	30.86%	48.85%
Bottled, Tank, or LP Gas	3, 0.94%, see rank	12.73%	4.86%
Electricity	63, 19.69%, see rank	54.38%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.13%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	1, 0.31%, see rank	1.52%	2.12%
Solar Energy	0, 0.00%, see rank	0.01%	0.05%
Other Fuel	2, 0.63%, see rank	0.13%	0.47%
No Fuel Used	0, 0.00%, see rank	0.24%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Inverness, MS	Mississippi	U.S.
Occupied Units Paying Rent	87, 100%	295,003	39,201,928
$199 or Less	10, 11.49%, see rank	2.92%	1.50%
$200 to $299	0, 0.00%, see rank	5.50%	3.18%
$300 to $499	18, 20.69%, see rank	14.14%	7.37%
$500 to $699	38, 43.68%, see rank	25.54%	16.01%
$700 to $999	17, 19.54%, see rank	33.80%	29.17%
$1,000 to $1,499	4, 4.60%, see rank	15.24%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	2.09%	9.79%
$2,000 or More	0, 0.00%, see rank	0.76%	6.10%
Median	$556, see rank	$714	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Inverness, MS	Mississippi	U.S.
Occupied Housing Units	320, 100%	1,092,627	116,211,092
No Vehicles Available	37, 11.56%, see rank	6.90%	9.12%
1 Vehicles Available	114, 35.63%, see rank	33.90%	33.80%
2 Vehicles Available	131, 40.94%, see rank	37.27%	37.48%
3 or More Vehicles Available	38, 11.88%, see rank	21.93%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.