The housing market in Alligator, MS (38720) is on the rise. The median value of a home in this area is $75,200, substantially less than the US House Median Value of $338,100. However, what it lacks in value is made up for with rapid appreciation. The US House appreciation rate over the last year was 8.27%, but the housing market in Alligator was even better, with a one-year appreciation rate of 12.50%. This suggests that the local housing market is experiencing significant growth and could be an attractive option for potential buyers looking to take advantage of the rising prices.
The median home cost in Alligator (zip 38720) is $75,200. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Alligator (zip 38720) is up 14.5%.
Average Age of Homes
- The median age of Alligator (zip 38720) real estate is 38 years old
The Rental Market in Alligator (zip 38720)
- Renters make up 22.4% of the Alligator (zip 38720) population
- 0.0% of houses and apartments in Alligator (zip 38720), 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.