The housing market in Redwood, MS (39156) is doing quite well with a median value of $171,200. This is significantly lower than the US average of $338,100 but still exhibits strong appreciation potential at 16.65%, which is 8.27% higher than the US house appreciation rate. With this in mind, it reflects an area that is appreciating and a great investment for buyers seeking long-term returns on their investment.
The median home cost in Redwood (zip 39156) is $171,200. Home appreciation the last 10 years has been 45.0%. Home Appreciation in Redwood (zip 39156) is up 15.2%.
Average Age of Homes
- The median age of Redwood (zip 39156) real estate is 22 years old
The Rental Market in Redwood (zip 39156)
- Renters make up 7.4% of the Redwood (zip 39156) population
- 0.0% of houses and apartments in Redwood (zip 39156), 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.