We did a little looking around to find out what kind of homes, if any, you could get in Mississippi for under $10,000, and it turns out the options aren’t too bad. What's the most affordable place to live in MIssissippi? While a median home price of $141,700 may seem high, folks in Byram enjoy the third lowest home price to income ratio in Mississippi. An affordable cost of living means the price of everything from groceries to transportation fits nicely into the budgets of Moss Point residents. Cost Per … The income figure is one residents are probably happy about, given that the median home value in this area is on the higher side for Mississippi and comes in at $181,900. The renters in the city have an income of about $17,941, which would make their monthly maximum allowable rental costs $419. Costs are dropping at a rapid rate. Located in the southeast region of Mississippi known as the Pine Belt, the city of Laurel was originally established in 1882. Members receive 10 FREE city profile downloads a month, unlimited access to our detailed cost of living … If you have always wanted to take a trip to Laurel, MS, it’s the perfect time to do so! So we used that cost of living index in order to rank all of the 63 places in Mississippi that have more than 5,000 people. To approximate the cost of living and the housing affordability in Laurel, MS, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). Check them out below! Do you have a house, or multiple houses for rent in Laurel? PREMIUM MEMBERSHIP. The community of 13,451 offers residents an overall cost of living score of only 85.0, compared to the US average of 100. One reason that Pontotoc is growing is that it's an absolute haven for renters. List and Sell your home on . If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The noise levels in Laurel are very low, as the streets are very peaceful. The median list price in Laurel currently sits just below $100,000, so it's easy to see why budget-conscious home buyers can't help but entertain the idea of living in Laurel. The area has an unemployment rate of only 2.47%. However, because Byram's median income is also high at $66,641, residents don't pay as big a chunk of their earnings towards housing as elsewhere in the state. Motivated … Laurel is a city in and the second county seat of Jones County, Mississippi, United States.As of the 2010 census, the city had a population of 18,540. 4 Bd | 2 bath | 2,201 sqft. It is located northeast of Ellisville, the first county seat, which contains the first county courthouse.Laurel has the second county courthouse as there are two judicial districts in Jones County. You can own a home here for only $120,700, the areas median home value and a steal compared to other parts of the country. The median rent price in Laurel, MS is $549 which is 24% lower than the Mississippi average. Increasing steadily. Aberdeen's median income is $40,214, which is more than enough to pay the bills in the cheapest city in Mississippi. If you'd rather settle down and buy rather than rent, a home will set you back about $116,000. Madison County collects … Start your FREE search for Cheap Apartments today. RealRentals.com showcases Laurel houses for rent - posted by property managers, real estate agents, and private homeowners. 57 single family homes for sale in Laurel MS. View pictures of homes, review sales history, and use our detailed filters to find the perfect place. The sun is shining, the weather is beautiful and the downtown area is hopping. If you've never visited Elvis Preseley's birthplace in Tupelo or had gator bites in Gulfport, then you've not witnessed what the good people of MIssissippi already know; they have some of the best, most affordable fun in America. Population: 5,009Rank Last Year: -Home Price To Income Ratio: 2.1x (2nd most affordable)Income To Rent Ratio: 79.6x (15th cheapest)More On Saltillo: Real Estate. So, it might make more financial sense for some people here to put off taking on a mortgage. 129 Homes For Sale in Laurel, MS. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. You'd be hard-pressed to find a cheaper home in Mississippi than in Aberdeen, where the median home price is $75,200. What is life in Laurel, MS like? While Laurel, MS isn’t a huge town, it is a town with a huge heart! 2600 Old Amy Rd Laurel, MS 39440. Homes in Saltillo are well within reason with a median value of $129,100. After graduating from the University of Southern Mississippi, Daniella began to hone her writing skills through various internships, working for The Royal Obsession and Anatomie clothing. But what's not surprising is the affordable, gold star quality of life in Mississippi; and that folks, comes with a price. On the broad side of a brick building, in old-timey type, it sends out a “Welcome!” and signals that you’ve found the historic district of this small Mississippi town.The message is so beautifully rendered, in warm colors with exquisite workmanship, that it tells you all you … Homeowners occupy roughly 70% of the dwellings in the city and 30% are … We offer listings of Laurel repo homes and comprehensive information on how to buy repossessed properties in Laurel including all types of repo houses such as short sales, government foreclosures, bank owned homes and real estate auctions. What makes Louisville so bad? In order to keep your same standard of living the $50,000 can vary greatly - whether you buy or rent, require child care, or want to include taxes. For Laurel, we found that the violent crime rate is one of the highest in the nation, across communities of all sizes (both large and small). Some could also decide to choose where they wish to live focused on the … And those who aren't quite ready to pull the trigger on a mortgage probably manage to cover the areas median rent rate of $881 fairly well. To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. In Laurel, MS, 58.5% of people are home owners and an average of 2.6 people occupy each home. You'll have to take out a loan to live here. Decreasing steadily. So, if you care about home values and cost of living, take a look at the list below. We buy all types of homes. Population: 23,930Rank Last Year: 13 (Up 4)Home Price To Income Ratio: 2.3x (8th most affordable)Income To Rent Ratio: 80.0x (4th cheapest)More On Brandon: Real Estate | Crime Rate | Cost Of Living. Point2 gives you far more than a simple list of cheap houses for sale in Mississippi, as the search results pages also have a lot of information on Mississippi, right below the listings. View Me. Not in Memphis where commute times are generally low and the population of the entire metropolitan area has barely increased over the last several years. Everything is more expensive than I'd like. Do your research on all the activities that you are wanting to see and do, and plan accordingly to make it happen. Cheap Apartments in Laurel, MS from $400 (61 Rentals) close. Good. Aberdeen's population has been steadily going down in recent years, which is great for newcomers who get to enjoy the best home price to income ratio in the state. Supply and demand. The median income in Pontotoc is $49,063 and the median home price is $128,100. Something you can get a feel for each year during Senatobias famous Five Star City Fest, which highlights the downtown area and shows off some of the best local entertainment. With all that extra cash you'll have leftover, you can buy some seriously unique pieces at Ripley's First Monday Day Trades, one of the oldest flea markets in the country. Goods, services and housing are all very affordable. This is your guide to discovering Laurel, Mississippi, the official filming location for Home Town on HGTV, starring Laurel's own Erin and Ben Napier. Editor’s Note: We updated this article for 2021. We aim to deliver bite-sized pieces of infotainment about where you live. Explore our lists of discount government repo houses … All rights reserved. Bringing positive attention to their hometown was a major factor in the couple's decision to star in the show, currently airing its second season. Small town America being restored, one house at a time. Housing is one of the categories included in the cost of living score and renters definitely do well here. Shadowood Park Apartments. We buy newer homes, older homes, pretty homes, ugly homes, … Homes For Sale In Laurel Mississippi ... You are able to prepare the down-payment of the house and 1st payment ready, and begin to contact base pertaining to different real estate agents to help you workout the agreements. Happily, the impact of Home Town is keenly felt by the denizens of the Mississippi haven, too. Mississippi's median income is $45,925 per year, so the median yearly property tax paid by Mississippi residents amounts to approximately % of their yearly income. The city has the fourth best rent rate to household income ratio in the state. Coincidentally, Mississippi is super safe. Here's a look at the most expensive cities in Mississippi according to the data: Chris Kolmar has been in the real estate business for almost ten years now. You will recognize them from the latest hit show on HGTV. close. A picnic in or stroll through Bright Park wont cost you a penny. The stunning natural surroundings on display at the Pascagoula River Audubon Center are not all this city has to be proud of. People are drawn to its small town appeal yet convenient proximity to Tupelo, with a portion of residents choosing to commute to the big city. With residents earning a median income of $30,223, Clarksdale has the fifth best home price to income ratio in Mississippi. Population: 5,290Rank Last Year: 3 (Down 4)Home Price To Income Ratio: 2.8x (28th most affordable)Income To Rent Ratio: 68.8x (6th cheapest)More On Ripley: Real Estate | Cost Of Living. Get Details. The median rent in Pontotoc is $714, and renters pay the eighth smallest portion of their income on rent statewide. Population: 15,734Rank Last Year: 2 (No Change)Home Price To Income Ratio: 2.2x (5th most affordable)Income To Rent Ratio: 50.5x (6cheapest)More On Clarksdale: Real Estate | Cost Of Living. Nowadays, $10,000 doesn’t go very far, especially when it comes to real estate. Homeowners in Laurel have a median income of $40,962. If so, you've definitely come to the right place. … Blues musicians such as Ike Turner and Duke Ellington were hosted at the Riverside Hotel, a popular stop on the Mississippi Blues Trail. Our first full day of travel of #roadtrip2017 was a visit to Laurel, Mississippi home of Home Town. However, Brandon did manage to rank first in the state for best rent rate to household income ratio. If you're looking at the cost of living numbers in Mississippi, this is an accurate list of the most affordable places to live in Mississippi for 2021. It's one of the least dangerous states in the country. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. A city that is certainly a jewel for those looking for cheap living in Mississippi. In 1882, Laurel, a quiet town in the southeast region of Mississippi was officially founded. Affordability . How would you rate the cost of living in Laurel? The cheapest place to live in Mississippi would be Aberdeen according to the most recent Census data on incomes, rent, and home prices.. Take a look at our list below, there might be some places that'll surprise you. View Me. 1441 Thomas Dr Laurel, MS 39440. Visit realtor.com® and browse house … A piece by Realtor explained how Ben and Erin were part of a wave of entrepreneurs who moved back and reinvigorated Laurel's local commerce. Founded in 1998. © 2015-2021 Chasing Chains, LLC. Mississippi is ranked 46th of the 50 states for property taxes as a percentage of median income. Decreasing rapidly. $139,900 House For Sale. They are: We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc). Up next on our list is Moss Point, just north of Pascagoula. Population: 11,578Rank Last Year: 9 (Down 1)Home Price To Income Ratio: 2.1x (3rd most affordable)Income To Rent Ratio: 59.1x (3rd cheapest)More On Byram: Real Estate | Crime Rate | Cost Of Living. Prices are increasing, but at a reasonable rate. The unemployment rate runs … Compare Laurel, Mississippi to any other place in the USA. Awful. And lucky for you, HomeSnacks is handing you the ultimate life hack: we've created a list of the top ten most affordable places Mississippi for 2021. We provide nationwide foreclosure listings of pre foreclosures, foreclosed homes , short sales, bank owned homes and sheriff sales.
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