Batesville, a charming city in Mississippi's Panola County, has experienced notable shifts in its housing landscape over the past decade. From 2013 to 2022, Batesville's homeownership rate showed a slight decline, moving from 74% to 72%. During this period, average home prices demonstrated a significant upward trend. In 2015, the average home price in Batesville was $109,616, which steadily increased to reach $167,494 by 2022, representing a substantial 52.8% increase over seven years.

The relationship between federal interest rates and homeownership rates in Batesville reveals some interesting patterns. As interest rates remained historically low between 2013 and 2020, ranging from 0.09% to 0.38%, the homeownership rate in Batesville remained relatively stable, hovering around 71-75%. This stability in homeownership during a period of low interest rates suggests that other local factors may have played a significant role in housing decisions.

Renter percentages in Batesville showed a slight increase from 25% in 2013 to 28% in 2022. Interestingly, average rent prices fluctuated during this period. The average rent peaked at $887 in 2013, then declined to $782 in 2016, before rising again to $800 in 2022. This trend indicates that rental prices in Batesville have been relatively stable over the long term, despite short-term fluctuations.