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Commonly Asked Questions about Mississippi Real Estate

Mississippi Housing Market Overview In June 2024, home prices in Mississippi were up 1.4% compared to last year, selling for a median price. On average, the number of homes sold was down 10.0% year over year and there were 1,817 homes sold in June this year, down 2,015 homes sold in June last year.
Lower Housing Demand Its a simple case of supply and demand. There is more supply in many parts of the state than there is demand, so it becomes a sellers market where homes are cheaper in Mississippi compared to most other places in the country.
$183,340. The average Mississippi home value is $183,340, up 1.4% over the past year and goes to pending in around 23 days.
Best Places to Live in Mississippi for Retirees Diamondhead. Located an hours drive from New Orleans, and a few minutes away from the beach, Diamondhead offers residents a slower pace of life and easy access to modern conveniences. Tupelo. Photo credit: iStock/DenisTangneyJr. Hattiesburg. Long Beach. Meridian.
Mississippi mortgage and refinance rates today (APR) ProductInterest RateAPR 10-year fixed-rate 5.594% 5.801% 7-year ARM 6.469% 7.399% 5-year ARM 6.500% 7.545% 30-year fixed-rate FHA 5.296% 6.129%4 more rows