The housing market in Mississippi State is an attractive one for buyers. The median value of a house in the state is $155,300, significantly lower than the US median value of $338,100. In the last year, house prices have appreciated by 7.70%, which is slightly less than the national average of 8.27%. This makes Mississippi State a great option for those looking for a property at a good price with potential for growth in value.
The median home cost in Mississippi is $155,300. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Mississippi is up 15.1%.
Average Age of Homes
- The median age of Mississippi real estate is 34 years old
The Rental Market in Mississippi
- Renters make up 26.4% of the Mississippi population
- 2.7% of houses and apartments in Mississippi, 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.