Foreclosures in Shannon, MS

Current Market Conditions in Shannon, MS

The real estate market in Shannon has shown steady growth over the past year, reflecting the area's increasing popularity among homebuyers seeking affordable properties and a lower cost of living. Interest rates have stabilized, leading to a balanced market with both buyers and sellers finding opportunities.

Recent trends highlight a rise in demand for single-family homes, with many properties selling above the asking price due to competitive offers. This uptick in activity is invigorating the market, making it an attractive time for potential homebuyers.

Rent Prices In Shannon, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shannon, MS, is on a rollercoaster ride. The average rent price in Shannon, MS, is $1,045.00. Indeed, when looking to rent in Shannon, MS, you can expect to pay as little as $600.00 or as much as $2,140.00, 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 Shannon, 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.