Living in Philipp, MS
Phillip, MS, is a quiet and charming town that offers a peaceful lifestyle along with affordable housing options. Known for its friendly community, Phillip provides easy access to local amenities and outdoor recreational activities, making it an ideal place for families and retirees.
Current Market Conditions in Philipp, MS
The real estate market in Phillip remains stable, with a steady increase in home values over the past few months. Buyers are drawn to the area's affordability and community-oriented lifestyle, which have contributed to a healthy demand for homes. The inventory of available homes is limited, leading to a competitive environment especially among first-time buyers.
Interest rates are currently favorable, providing an excellent opportunity for potential homeowners to invest in this tranquil area. Phillip’s close-knit community and local amenities continue to attract new residents, sustaining the momentum in the housing market.
Home Value Estimator For Philipp, MS
There are currently 130 real estate properties
in Philipp, MS,
with a median automated valuation model (AVM) price
of $98,305.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Philipp, 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 Philipp, MS,
is $120,136.00, with the most expensive house
in Philipp, MS, topping out
at $554,362.00 and the cheapest home
in Philipp, MS,
clocking in at $20,100.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Philipp, MS!
Rent Prices
In Philipp, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Philipp, MS, is on
a rollercoaster ride. The
average rent price in Philipp, MS,
is $995.00. Indeed, when looking to rent in
Philipp, MS, you can expect to pay as little
as $470.00 or as much
as $1,600.00,
with the average rent median estimated to
be $950.00. The good news is that finding
an affordable and desirable property to rent in Philipp, 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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