The housing market in Laurel, MS is booming. The median value of housing in the area is $123,700, which is significantly lower than the US median value of $338,100. Despite the difference in values, house appreciation has been steady at a 12.12% increase over the past year—higher than the 8.27% appreciation rate nationwide. This suggests that real estate investments are wise and rewarding in this Mississippi town.
The median home cost in Laurel is $123,700. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Laurel is up 11.8%.
Average Age of Homes
- The median age of Laurel real estate is 48 years old
The Rental Market in Laurel
- Renters make up 36.0% of the Laurel population
- 2.1% of houses and apartments in Laurel, 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.