The housing market in Mississippi State, MS is a vibrant and attractive option for prospective home-buyers. The median value of homes in the state is $234,200, which is significantly lower than the US median value of $338,100. This makes it an attractive option for those looking to purchase a home. In addition, house appreciation in Mississippi State has been particularly strong over the past year, with a growth rate of 12.50% compared to 8.27% across the United States as a whole. This means that homeowners stand to benefit from excellent returns on their investments if they choose to purchase property in Mississippi State.
The median home cost in Mississippi State is $234,200. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Mississippi State is up 14.5%.
Average Age of Homes
- The median age of Mississippi State real estate is 58 years old
The Rental Market in Mississippi State
- Renters make up 56.5% of the Mississippi State population
- 52.8% of houses and apartments in Mississippi State, 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.