The housing market in 38804 Tupelo, MS is quite impressive. The median value of homes in this area is $163,900, which is significantly lower than the US median value of $338,100. This affordable price point provides good opportunities for home buyers looking to purchase in the area. Additionally, the one year appreciation rate for homes in Tupelo has been 13.41%, which is significantly higher than the national average of 8.27%. This indicates that homes in this region are increasing in value at a rapid rate and could be a good investment opportunity for prospective buyers.
The median home cost in Tupelo (zip 38804) is $163,900. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Tupelo (zip 38804) is up 17.4%.
Average Age of Homes
- The median age of Tupelo (zip 38804) real estate is 37 years old
The Rental Market in Tupelo (zip 38804)
- Renters make up 30.8% of the Tupelo (zip 38804) population
- 3.7% of houses and apartments in Tupelo (zip 38804), 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.