Lula, MS Foreclosures
How much do homes sell for in Lula, MS?
The average home price is currently $95,405.
In Lula, MS, how many homes are available?
There are currently 82 active home listings available in Lula.
What’s the average rental cost in Lula, MS?
The average rental price in Lula is $874.
What is the most expensive home in Lula?
The most expensive home sold in Lula had a price of $396,029.
What is currently the cheapest priced home in Lula, MS?
The cheapest home for sale in Lula is priced at $37,805.
Living in Lula, MS
Lula, MS, is a charming small town in the Mississippi Delta known for its agricultural roots and a strong sense of community. The area offers a peaceful atmosphere with plentiful outdoor activities and is conveniently located near larger cities like Memphis, TN. It's an ideal place for families and those seeking a quieter lifestyle.
Current Market Conditions in Lula, MS
The real estate market in Lula, MS, is currently stable, with a steady flow of home sales primarily driven by local demand. Given the town's rural setting and affordability, many families and retirees are drawn to the area, contributing to a consistent market activity. Prices have remained reasonable, making it accessible for first-time homebuyers. A modest increase in home renovations and upgrades indicates growing interest in maintaining property value in Lula.
Investors and new residents are showing increased interest in Lula as remote work opens opportunities for people seeking quieter areas to live without a long commute to metropolitan areas. While the market is stable, experts suggest that home values may gradually increase as more people discover the charm of the Mississippi Delta.
Home Value Estimator For Lula, MS
There are currently 51 real estate properties
in Lula, MS,
with a median automated valuation model (AVM) price
of $75,570.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lula, 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 Lula, MS,
is $95,405.00, with the most expensive house
in Lula, MS, topping out
at $396,029.00 and the cheapest home
in Lula, MS,
clocking in at $37,805.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lula, MS!
Rent Prices
In Lula, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lula, MS, is on
a rollercoaster ride. The
average rent price in Lula, MS,
is $874.00. Indeed, when looking to rent in
Lula, MS, you can expect to pay as little
as $570.00 or as much
as $1,400.00,
with the average rent median estimated to
be $820.00. The good news is that finding
an affordable and desirable property to rent in Lula, 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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