Picayune, MS Metro Area is an area with a thriving housing market. The median value of housing in the area is $187,600, which is significantly lower than the national median of $338,100. This makes it an attractive option for potential homebuyers looking for great value for their money. Furthermore, the 1-year house appreciation rate in Picayune has been 12.12%, which is higher than the national average of 8.27%. This suggests that property values are likely to increase at a faster rate over time here than in other areas of the United States. With such strong growth potential and low median prices, investing in real estate in Picayune seems like a smart choice.
The median home cost in Picayune Metro Area is $187,600. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Picayune Metro Area is up 11.8%.
Average Age of Homes
- The median age of Picayune Metro Area real estate is 26 years old
The Rental Market in Picayune Metro Area
- Renters make up 20.2% of the Picayune Metro Area population
- 1.6% of houses and apartments in Picayune 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.