Laurel, MS Foreclosures
How much do homes sell for in Laurel, MS?
The average home price is currently $168,524.
In Laurel, MS, how many homes are available?
There are currently 6 active home listings available in Laurel.
What’s the average rental cost in Laurel, MS?
The average rental price in Laurel is $1,043.
What is the most expensive home in Laurel?
The most expensive home sold in Laurel had a price of $5,007,394.
What is currently the cheapest priced home in Laurel, MS?
The cheapest home for sale in Laurel is priced at $11,500.
Living in Laurel, MS
Laurel, Mississippi, is a charming city that embodies southern hospitality with a vibrant community and rich history. Its lovely downtown area is filled with unique shops and restaurants, while beautiful parks provide outdoor recreation. Strong educational institutions and community events make it an ideal place for families and individuals alike.
Current Market Conditions in Laurel, MS
The real estate market in Laurel, MS, has seen a significant increase in interest over the past year. With affordable housing options and a steady influx of new residents, the demand for properties is rising. Homes in well-located neighborhoods are experiencing increased price appreciation, prompting a competitive atmosphere among buyers. Investors are also eyeing this city for its rental potential, as the population stabilizes and grows.
Currently, there is a mix of older homes and new constructions in Laurel, catering to a variety of buyer preferences. The market is mostly balanced, but certain desirable areas are becoming hotspots, leading to faster sales and increased prices.
Home Value Estimator For Laurel, MS
There are currently 14,383 real estate properties
in Laurel, MS,
with a median automated valuation model (AVM) price
of $139,213.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Laurel, 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 Laurel, MS,
is $168,524.00, with the most expensive house
in Laurel, MS, topping out
at $5,007,394.00 and the cheapest home
in Laurel, MS,
clocking in at $11,500.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Laurel, MS!
Rent Prices
In Laurel, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Laurel, MS, is on
a rollercoaster ride. The
average rent price in Laurel, MS,
is $1,043.00. Indeed, when looking to rent in
Laurel, MS, you can expect to pay as little
as $450.00 or as much
as $2,120.00,
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 Laurel, 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.
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