The housing market in Shannon, MS is quite strong. The median value of homes in the area is currently $136,300, which is significantly lower than the US House Median Value of $338,100. However, what's encouraging to note is that over the past year Shannon has experienced a 13.41% appreciation rate in home values, which is much higher than the national average of 8.27%. This suggests that not only are home values increasing at a faster rate compared to elsewhere in the country but also that Shannon remains an attractive investment opportunity for potential buyers.
The median home cost in Shannon is $136,300. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Shannon is up 17.4%.
Average Age of Homes
- The median age of Shannon real estate is 35 years old
The Rental Market in Shannon
- Renters make up 30.8% of the Shannon population
- 0.0% of houses and apartments in Shannon, 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.