Zip 38868 (Shannon, MS) Housing

The housing market in Shannon, MS (ZIP code 38868) is thriving. The median value of homes in the area is $133,600, which is significantly lower than the US median house value of $338,100. In the past year alone, the appreciation rate for housing in Shannon has been 13.41%—significantly higher than the 8.27% appreciation rate for housing across the United States. This makes Shannon an attractive location for both first-time homebuyers and those looking to invest in a growing market.

The median home cost in Shannon (zip 38868) is $133,600. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Shannon (zip 38868) is up 17.4%.

Average Age of Homes

- The median age of Shannon (zip 38868) real estate is 31 years old

The Rental Market in Shannon (zip 38868)

- Renters make up 15.2% of the Shannon (zip 38868) population
- 1.0% of houses and apartments in Shannon (zip 38868), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Shannon, Mississippi	United States
	2,484.0	139,647,020.0
	33	42
	$133,600	$338,100
	17.4%	16.6%
	46.2%	57.0%
	61.9%	101.1%
	$8.03	$10.98
	$565	$2,690
	63.2%	57.4%
	16.1%	11.2%
	20.7%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	14.6%	4.1%
Value of Owner-Occupied Housing
	11.7%	2.6%
	7.1%	2.4%
	8.2%	2.8%
	13.1%	3.9%
	11.2%	4.5%
	12.5%	11.3%
	19.2%	13.0%
	9.5%	20.1%
	6.4%	13.6%
	1.1%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.5%	13.6%
	19.5%	13.6%
	21.9%	13.6%
	16.5%	13.2%
	17.5%	14.8%
	21.9%	13.6%
	5.6%	10.0%
	2.0%	4.7%
	5.5%	12.2%

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