The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in Mississippi using data from Zillow . Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending December 2023. The charts in this story were created automatically using Matplotlib . Data was available for 50 cities and towns in Mississippi.
Stacker
#50. Gautier
– Typical home value: $170,611
– 1-year price change: +$3,039 (+1.8%)
– 5-year price change: +$52,046 (+43.9%)
– Metro area: Gulfport-Biloxi, MS