Greenwood, MS is an area that has seen a significant increase in housing median values over the past year. The median value of homes in Greenwood is currently $87,500, which is substantially lower than the US Housing Median Value of $338,100. Despite this difference, Greenwood has seen an even higher appreciation rate in home values than the national average of 8.27%, with a 1 year appreciation rate of 12.50%. This upward trend in housing prices indicates that now may be a good time to invest in Greenwood real estate.
The median home cost in Greenwood is $87,500. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Greenwood is up 14.5%.
Average Age of Homes
- The median age of Greenwood real estate is 49 years old
The Rental Market in Greenwood
- Renters make up 43.8% of the Greenwood population
- 7.9% of houses and apartments in Greenwood, 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.