Introduction

Mississippi’s real estate market is quickly becoming a favorite spot for those looking to purchase a new home. Whether you are looking for your forever-home or searching for an investment property, Mississippi has something for everyone. With a thriving job market and affordable housing, Mississippi is an ideal location to start and build your future. Let’s take a look at Mississippi’s real estate market and what it has to offer.

Prices and Local Markets

The median home value in Mississippi is currently $124,400, making it one of the most affordable states to live in. Real estate prices vary greatly from rural to urban, with larger cities such as Jackson having the highest home prices. In Jackson, the median home value is currently $121,200. The prices for real estate in more rural areas of the state tend to be lower with median home values of around $85,000 per home.

The rental market in Mississippi is also an attractive option for those looking to invest in real estate. The median price for rent in the state is $972 per month, making it an affordable option for those wanting to make a rental investment.

Property Taxes

The property tax rate in Mississippi is 0.88%. This rate is lower than the national average and is a great benefit to those living or investing in Mississippi.

FAQs

Q: Is Mississippi a good place to buy real estate?

A: Yes, Mississippi is an excellent place to buy real estate. With its attractive property taxes, affordable housing prices, and thriving job market, Mississippi is an ideal location to start and build your future.

Q: What is the median home value in Mississippi?

A: The median home value in Mississippi is currently $124,400. Prices vary from urban to rural areas, with the highest home prices in larger cities such as Jackson.

Q: What is the average rent in Mississippi?

A: The median rent in Mississippi is $972 per month.

Conclusion

Mississippi is an excellent place to purchase real estate. With its attractive property taxes, affordable home prices, and thriving job market, Mississippi is an ideal location for those looking for their forever-home or an investment opportunity. Whether you are looking for a rural or urban property, Mississippi has something for everyone.

Mississippi real estate is the perfect place to start and build your future.