The housing in Vicksburg, MS is relatively more affordable than the median in the US. The current median value of a house in Vicksburg is $151,500, significantly lower than the US median of $338,100. This makes it an attractive option for first-time buyers and those looking for a lower cost of living. In addition, the 1 year appreciation rate of houses in Vicksburg is 16.65%, higher than the US average of 8.27%. This means that there are great potential returns on investment for those looking to buy property here. With its affordability and high potential returns, Vicksburg is proving to be an attractive option for prospective homebuyers.
The median home cost in Vicksburg is $151,500. Home appreciation the last 10 years has been 45.0%. Home Appreciation in Vicksburg is up 15.2%.
Average Age of Homes
- The median age of Vicksburg real estate is 47 years old
The Rental Market in Vicksburg
- Renters make up 40.3% of the Vicksburg population
- 7.7% of houses and apartments in Vicksburg, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.