The housing market in Tupelo, MS Metro Area is a great opportunity for potential homeowners. The median value of homes in the area is $156,800, which is significantly lower than the US median of $338,100. In addition to providing an affordable option for buyers, the housing market in Tupelo has seen greater appreciation over the past year with an increase of 13.79%, compared to 8.27% nationally. This makes now a great time to invest in the Tupelo housing market as prices are expected to continue to rise in the future.
The median home cost in Tupelo Metro Area is $156,800. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Tupelo Metro Area is up 17.4%.
Average Age of Homes
- The median age of Tupelo Metro Area real estate is 32 years old
The Rental Market in Tupelo Metro Area
- Renters make up 24.2% of the Tupelo Metro Area population
- 1.8% of houses and apartments in Tupelo 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.