Farrell, MS is a small town with a median housing value of $62,600, which is significantly lower than the US median housing value of $338,100. However, there has been a good amount of appreciation in the last year, with 17.86%, compared to the US median appreciation rate of 8.27%. This indicates that home values in Farrell are increasing and investing in housing here can be beneficial for buyers. Additionally, since the median housing value is much lower than the rest of the US, it makes this an attractive place to invest in property and potentially reap good returns in the future.
The median home cost in Farrell is $62,600. Home appreciation the last 10 years has been 80.3%. Home Appreciation in Farrell is up 19.2%.
Average Age of Homes
- The median age of Farrell real estate is 25 years old
The Rental Market in Farrell
- Renters make up 24.7% of the Farrell population
- 0.0% of houses and apartments in Farrell, 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.