The housing market in Walnut Grove, MS is strong and growing. The median value of homes in the city is $135,400, significantly lower than the US house median value of $338,100. Although this difference may present an attractive option for potential buyers looking for more affordable housing, it does not reflect the rising rate of appreciation that has been seen in the past year. In fact, the 1 year house appreciation in Walnut Grove, MS was 16.65%, which is 8.38% higher than the US average of 8.27%. This growth speaks to a robust real estate market and offers potential buyers the opportunity to invest in a home at a relatively low cost that will be likely to appreciate over time.
The median home cost in Walnut Grove is $135,400. Home appreciation the last 10 years has been 45.0%. Home Appreciation in Walnut Grove is up 15.2%.
Average Age of Homes
- The median age of Walnut Grove real estate is 35 years old
The Rental Market in Walnut Grove
- Renters make up 38.9% of the Walnut Grove population
- 6.5% of houses and apartments in Walnut Grove, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.