The housing market in Ocean Springs, MS is booming! The median value of a house in the area is significantly lower than the US median value, at $234,500. However, the appreciation rate for houses in the past year has been even higher than the nation's average; 14.52% compared to 8.27%. This is an indication that investing in real estate in Ocean Springs is a great decision right now. With an upward trend continuing in house prices, those who purchase property here are likely to see great returns on their investment.
The median home cost in Ocean Springs is $234,500. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Ocean Springs is up 15.8%.
Average Age of Homes
- The median age of Ocean Springs real estate is 39 years old
The Rental Market in Ocean Springs
- Renters make up 23.8% of the Ocean Springs population
- 0.5% of houses and apartments in Ocean Springs, 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.