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Foreclosure Homes in Shannon, MS 38868

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Shannon, MS Foreclosures

How much do homes sell for in Shannon, MS?
The average home price is currently $158,544.
In Shannon, MS, how many homes are available?
There are currently 23 active home listings available in Shannon.
What’s the average rental cost in Shannon, MS?
The average rental price in Shannon is $1,045.
What is the most expensive home in Shannon?
The most expensive home sold in Shannon had a price of $1,050,944.
What is currently the cheapest priced home in Shannon, MS?
The cheapest home for sale in Shannon is priced at $10,800.

Living in Shannon, MS

Shannon, MS is a friendly, small town that offers a peaceful lifestyle with beautiful rural surroundings. Residents enjoy a close-knit community and access to outdoor activities and local amenities. With low housing costs and a safe environment, it's an ideal place for families and individuals looking for tranquility.

Current Market Conditions in Shannon, MS

The current real estate market in Shannon shows a stable trend with a balanced demand and supply. Prices have remained relatively steady, making it an attractive option for first-time homebuyers and those looking for investment properties.

New construction and renovations in the area are contributing to a slight uptick in property values. With a mix of affordable housing and higher-end options, Shannon is becoming an appealing choice for those looking to settle down in Mississippi.

Home Value Estimator For Shannon, MS

There are currently 1,508 real estate properties in Shannon, MS, with a median automated valuation model (AVM) price of $134,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shannon, MS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Shannon, MS, is $158,544.00, with the most expensive house in Shannon, MS, topping out at $1,050,944.00 and the cheapest home in Shannon, MS, clocking in at $10,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Shannon, MS!

Rent Prices In Shannon, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shannon, MS, is on a rollercoaster ride. The average rent price in Shannon, MS, is $1,045.00. Indeed, when looking to rent in Shannon, MS, you can expect to pay as little as $600.00 or as much as $2,140.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Shannon, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Shannon, MS 38868 Foreclosures

Market Trend for Shannon, MS

Total Listings Available: 23

Market Values:

Home Prices from $10,800 to $1,050,944

Average Sales Price: $158,544

Rental Values:

Rental from $600 to $2,140

Average Rent Value: $1,045 / month

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