Housing in 38661 Red Banks, MS is highly desirable and has been appreciating substantially over the past year. The median value for housing in this area is $179,000, much lower than the US median value of $338,100. This price point combined with a significant 1 year appreciation rate of 17.86%, far higher than the national average of 8.27%, has made homes in 38661 Red Banks a very attractive option for buyers. With strong demand and rapid appreciation, this area offers homeowners excellent opportunities to build equity or generate rental income.
The median home cost in Red Banks (zip 38661) is $179,000. Home appreciation the last 10 years has been 80.3%. Home Appreciation in Red Banks (zip 38661) is up 19.2%.
Average Age of Homes
- The median age of Red Banks (zip 38661) real estate is 21 years old
The Rental Market in Red Banks (zip 38661)
- Renters make up 12.1% of the Red Banks (zip 38661) population
- 0.0% of houses and apartments in Red Banks (zip 38661), 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.