Foreclosure Homes in Tupelo, MS

Current Market Conditions in Tupelo, MS

The Tupelo real estate market is currently experiencing steady growth, with property values increasing over the past year due to high demand and limited inventory. The city remains an attractive option for those looking for affordable housing in Mississippi, especially for first-time home buyers and families. Homes in neighborhoods close to schools or parks tend to sell quickly, indicating a competitive market.

As of the last quarter, the market remains favorable for sellers, though buyers are still actively seeking homes due to interest rates stabilizing slightly, making financing more accessible. Local real estate agents report a significant amount of interest from out-of-state buyers attracted by the affordable living and quality of life in Tupelo.

Rent Prices In Tupelo, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tupelo, MS, is on a rollercoaster ride. The average rent price in Tupelo, MS, is $1,220.00. Indeed, when looking to rent in Tupelo, MS, you can expect to pay as little as $540.00 or as much as $2,180.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Tupelo, 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.