Living in Mound Bayou, MS
Mound Bayou, MS, offers a unique blend of history, community spirit, and natural beauty. This vibrant town, rich in African American culture, provides a peaceful lifestyle with numerous outdoor activities. With essential amenities and a friendly atmosphere, Mound Bayou is an attractive option for real estate investors looking for value and growth.
Current Market Conditions in Mound Bayou, MS
The real estate market in Mound Bayou is showing signs of stability and gradual growth. As interest in small-town living increases, more investors are looking towards areas like Mound Bayou for affordable properties that promise long-term appreciation. Current trends indicate a rising demand for homes, particularly among families seeking a sense of community.
In recent years, Mound Bayou has become attractive for first-time homebuyers due to its affordable housing options. The market offers a mix of historical charm and modern convenience, appealing to a broad spectrum of buyers. Investors can capitalize on this trend as new developments bring amenities and improve property values.
Home Value Estimator For Mound Bayou, MS
There are currently 665 real estate properties
in Mound Bayou, MS,
with a median automated valuation model (AVM) price
of $65,695.00. 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 $86,889.00, with the most expensive house
in Mound Bayou, MS, topping out
at $612,289.00 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.
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