Cities with the most expensive homes in the Hattiesburg metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $362,143 in August, 2.5% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 19, the 30-year fixed mortgage rate sits at 6.09%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Hattiesburg metro area using data from Zillow . Charts show the monthly typical home value since January 2018. All 14 cities and towns with data available were included in the list.
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#14. Mount Olive, MS
– Typical home value: $115,439 – 1-year price change: +0.9% – 5-year price change: +21.6%
#13. Beaumont, MS
– Typical home value: $115,537 – 1-year price change: -2.8% – 5-year price change: +10.7%
#12. New Augusta, MS
– Typical home value: $117,838 – 1-year price change: -2.5% – 5-year price change: +11.2%
#11. McLain, MS
– Typical home value: $122,952 – 1-year price change: -1.0% – 5-year price change: +22.5%
#10. Collins, MS
– Typical home value: $123,583 – 1-year price change: +2.6% – 5-year price change: +30.6%
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#9. Brooklyn, MS
– Typical home value: $136,835 – 1-year price change: -1.5% – 5-year price change: +7.8%
#8. Richton, MS
– Typical home value: $141,621 – 1-year price change: +1.1% – 5-year price change: +17.4%
#7. Wiggins, MS
– Typical home value: $152,697 – 1-year price change: +1.0% – 5-year price change: +25.4%
#6. Lumberton, MS
– Typical home value: $158,231 – 1-year price change: +7.1% – 5-year price change: +26.4%
#5. Seminary, MS
– Typical home value: $175,641 – 1-year price change: +3.3% – 5-year price change: +32.1%
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#4. Hattiesburg, MS
– Typical home value: $207,684 – 1-year price change: +2.1% – 5-year price change: +32.1%
#3. Petal, MS
– Typical home value: $215,867 – 1-year price change: +0.7% – 5-year price change: +31.7%
#2. Purvis, MS
– Typical home value: $231,929 – 1-year price change: +5.6% – 5-year price change: +41.5%
#1. Sumrall, MS
– Typical home value: $260,148 – 1-year price change: +5.8% – 5-year price change: +38.7%
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