The housing market in the Brookhaven, MS Metro Area is relatively strong compared to the national average. The median value of homes in this area is $157,900, while the US median house value is much higher at $338,100. Interestingly, the one year appreciation rate for homes in Brookhaven is also significantly higher than the national average at 12.50%, compared to 8.27% for US homes. This indicates that investment in housing in the Brookhaven metro area could be a sound decision for those looking to invest in real estate.
The median home cost in Brookhaven Metro Area is $157,900. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Brookhaven Metro Area is up 14.5%.
Average Age of Homes
- The median age of Brookhaven Metro Area real estate is 38 years old
The Rental Market in Brookhaven Metro Area
- Renters make up 22.1% of the Brookhaven Metro Area population
- 1.2% of houses and apartments in Brookhaven Metro Area, 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.