Mound Bayou, MS Foreclosures
How much do homes sell for in Mound Bayou, MS?
The average home price is currently $88,562.
What’s the average rental cost in Mound Bayou, MS?
The average rental price in Mound Bayou is $1,009.
What is the most expensive home in Mound Bayou?
The most expensive home sold in Mound Bayou had a price of $719,610.
What is currently the cheapest priced home in Mound Bayou, MS?
The cheapest home for sale in Mound Bayou is priced at $23,000.
Living in Mound Bayou, MS
Mound Bayou is a small town rich in history and culture, known for its significance in the African American community and its vibrant traditions. With a tight-knit community, Mound Bayou offers a unique blend of southern charm and historical significance, making it a fascinating place to live or visit. The town features several local amenities that cater to the needs of its residents, along with various outdoor activities.
Current Market Conditions in Mound Bayou, MS
The real estate market in Mound Bayou has been relatively stable, with moderate price points that accommodate buyers looking for affordable housing options. The town has seen an increase in demand for homes as buyers search for communities that offer unique cultural experiences and historical significance. Overall, while prices have remained consistent, there is an opportunity for growth as more people are drawn to the area.
Investors may find promising opportunities as the local economy is slowly developing, and home values are gradually appreciating, reflecting the area’s growing attractiveness. Nevertheless, as the market is smaller compared to urban areas, buyers may find it easier to navigate and secure properties.
Home Value Estimator For Mound Bayou, MS
There are currently 680 real estate properties
in Mound Bayou, MS,
with a median automated valuation model (AVM) price
of $64,438.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mound Bayou, 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 Mound Bayou, MS,
is $88,562.00, with the most expensive house
in Mound Bayou, MS, topping out
at $719,610.00 and the cheapest home
in Mound Bayou, MS,
clocking in at $23,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mound Bayou, MS!
Rent Prices
In Mound Bayou, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mound Bayou, MS, is on
a rollercoaster ride. The
average rent price in Mound Bayou, MS,
is $1,009.00. Indeed, when looking to rent in
Mound Bayou, MS, you can expect to pay as little
as $600.00 or as much
as $1,940.00,
with the average rent median estimated to
be $980.00. The good news is that finding
an affordable and desirable property to rent in Mound Bayou, 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.
Learn more on Foreclosure homes
