The housing market in Byram, MS is quite healthy. The median value for a house is $186,700, which is considerably lower than the US median of $338,100. Despite the difference in prices, the 1-year house appreciation rate in Byram is still slightly lower than the national average of 8.27%, with a rate of 7.48%. This indicates that the housing market remains stable and that home values are increasing steadily year-over-year. All signs point to an increase in demand for housing in this area as more people look to settle down or invest in property here.
The median home cost in Byram is $186,700. Home appreciation the last 10 years has been 32.5%. Home Appreciation in Byram is up 5.5%.
Average Age of Homes
- The median age of Byram real estate is 17 years old
The Rental Market in Byram
- Renters make up 23.0% of the Byram population
- 1.7% of houses and apartments in Byram, 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.