Algoma, MS has a median housing value of $174,900, significantly lower than the US median of $338,100. The appreciation rate for homes in Algoma is also higher than the national average at 13.41%, compared to 8.27% in the US as a whole. This makes Algoma an attractive market for potential buyers who want to invest in real estate and benefit from the potential for increased appreciation rates. The town's low cost of living combined with its attractive housing prices make it an ideal place to call home.
The median home cost in Algoma is $174,900. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Algoma is up 17.4%.
Average Age of Homes
- The median age of Algoma real estate is 25 years old
The Rental Market in Algoma
- Renters make up 19.2% of the Algoma population
- 3.1% of houses and apartments in Algoma, 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.