Mendenhall, MS is an affordable housing market compared to the US average. The median value of a house in Mendenhall is $117,600 which is significantly lower than the national median which hovers around $338,100. Despite being more affordable than most markets, Mendenhall has experienced strong appreciation over the last year at 16.65%, outpacing the national average of 8.27%. This indicates that now may be a good time to invest in real estate in Mendenhall and expect solid returns on investment.
The median home cost in Mendenhall is $117,600. Home appreciation the last 10 years has been 45.0%. Home Appreciation in Mendenhall is up 15.2%.
Average Age of Homes
- The median age of Mendenhall real estate is 44 years old
The Rental Market in Mendenhall
- Renters make up 36.0% of the Mendenhall population
- 0.0% of houses and apartments in Mendenhall, 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.