Housing market and best cities to live in Mississippi: Affordable housing options available. Growth in Jackson's real estate market. Biloxi offers coastal living. Madison known for family-friendly communities. Oxford has a vibrant college town atmosphere. Tupelo boasts historic charm. Hattiesburg provides affordable living costs. Starkville's college influence impacts housing demand. Vicksburg features riverfront properties. Low property taxes statewide.
Affordable housing options available.
Mississippi offers various affordable housing options, particularly in counties like Greene, Harrison, and Jackson, with projects such as McIntosh Homes, Baywood Place Apartments, and Regency Way Apartments, which are financed through tax credits, block grants, and private debt, providing a mix of senior and family housing units. Additionally, cities like Jackson, Hattiesburg, and Starkville are highlighted for their low cost of living and affordable housing, with median home values and rents significantly lower than the national average. For those interested in exploring these opportunities, the Affordable Housing initiative provides valuable resources and information.
Growth in Jackson's real estate market.
Jackson's real estate market has seen significant growth, with home values increasing by 30.44% since 2013, translating to an annual increase rate of 2.69%. Despite recent fluctuations, including a 1.33% quarterly and 1.72% annual growth, the market is expected to remain stable, with median home prices around $120,000 and a competitive sales environment where homes typically sell within 33 days. For a comprehensive analysis, visit the Jackson MS Real Estate Market Overview for detailed insights.
Biloxi offers coastal living.
Biloxi, Mississippi, offers attractive coastal living with a median home list price of $266,500 as of November 2024, a slight decrease from the previous year. The city features a mix of housing options, with varying price changes by bedroom type, and homes are selling faster, with an average listing age of 112 days, down 31.6% from the previous year. For more detailed insights, explore the Real Estate Trends to understand the dynamic market changes in Biloxi. Whether you're looking to move or invest, this city offers diverse opportunities for various needs and preferences.
Madison known for family-friendly communities.
Madison is renowned as Mississippi's premier family destination, offering upscale living, top-rated schools, extensive recreational opportunities, a low crime rate, and a strong sense of community, making it an ideal choice for families. Learn more about what makes Madison and other cities great for families on the DSLD Mortgage blog.
Oxford has a vibrant college town atmosphere.
Oxford, Mississippi, boasts a vibrant college town atmosphere, driven by the University of Mississippi, which fuels a robust real estate market characterized by steady growth, competitive conditions, and a high demand for housing. The city's strong local economy, cultural events, and high quality of life make it an attractive place to live, although it faces challenges such as supply constraints and affordability issues, particularly for affordable and mid-range homes. For more detailed insights, visit the Oxford Real Estate Market Trends.
Tupelo boasts historic charm.
Tupelo, known for its historic charm, has a somewhat competitive housing market with a median home price of $232,000, which is 30% lower than the national average, and an overall cost of living 17% lower than the national average. For more detailed information on the housing market, you can visit the Redfin website.
Hattiesburg provides affordable living costs.
Hattiesburg, Mississippi, offers affordable living costs, with a reasonably priced average rent of $758 for a one-bedroom apartment. Along with high scores for local shopping, dining, and health care, it becomes an attractive option for those seeking a balanced lifestyle. To explore more about what makes these areas so appealing, you can check out the Best Places to Live in Mississippi for further details and insights.
Starkville's college influence impacts housing demand.
Starkville's housing market is significantly influenced by Mississippi State University, creating a steady demand for housing due to the presence of the university and highly regarded local schools. This dynamic maintains high property values and rental demand, making it an attractive location for real estate investors. For those interested in exploring further opportunities, the Best Neighborhoods to Invest in Starkville offer valuable insights for potential investors.
Vicksburg features riverfront properties.
The Vicksburg housing market is strong, with a median sale price of $229,000, reflecting a significant 38.8% increase from last year, and homes are selling after an average of 47 days on the market. Vicksburg features attractive riverfront properties, making it a desirable location for those seeking waterfront homes.
Low property taxes statewide.
Mississippi is recognized for its affordable housing market, characterized by relatively low property taxes statewide, which adds to its appeal. The state's median home price has increased to $259,400 as of October 2024, and cities like Jackson, Hattiesburg, and Biloxi stand out for their quality of life and economic opportunities. For more detailed insights into the housing trends, you can explore further on Bankrate.