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 4,940 people, 1,969 houses or apartments, and a median cost of homes of $235,990, Saltillo real estate is some of the most expensive in Mississippi, although Saltillo home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Saltillo, accounting for 85.60% of the city's housing units. Other types of housing that are prevalent in Saltillo include mobile homes or trailers ( 5.70%), large apartment complexes or high rise apartments ( 5.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saltillo. Owner-occupied housing accounts for 77.65% of Saltillo's homes, and 80.82% have either three or four bedrooms, which is average sized relative to America.
Saltillo homes and real estate are some of the newest in America. 55.15% of Saltillo's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Saltillo real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.76%), and between 1940-1969 ( 7.08%).
Saltillo's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Saltillo during the period has been just 4.56%, which is lower than 80% of US communities.
Over the last year, Saltillo appreciation rates have trailed the rest of the nation. In the last twelve months, Saltillo's appreciation rate has been 6.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Saltillo were at 4.75%, which equates to an annual appreciation rate of 20.38%.
Importantly, this makes Saltillo one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Mississippi, our data show that Saltillo's latest annual appreciation rate is lower than 70% of the other cities and towns in Mississippi.
$235,990
for Mississippi
for nation
1,969
$1,777 / per month