Derma, MS is a great location for housing, with a median value of $84,400. This is significantly lower than the national median value of $338,100. Additionally, the 1 year appreciation rate in Derma has been 12.58%, higher than the 8.27% national average. This shows that housing values are increasing in Derma and is a great place to invest in real estate due to its lower costs compared to the national average.
The median home cost in Derma is $84,400. Home appreciation the last 10 years has been 52.7%. Home Appreciation in Derma is up 14.7%.
Average Age of Homes
- The median age of Derma real estate is 38 years old
The Rental Market in Derma
- Renters make up 27.6% of the Derma population
- 1.0% of houses and apartments in Derma, 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.