"In Mississippi, the average starter home costs $184,470, significantly lower than the national average, making it one of the most affordable states for first-time homebuyers."
"Despite a 54% rise in starter home prices over the last five years, Mississippi's increase in monthly mortgage payments is relatively modest at 117% compared to national trends."
Mississippi is emerging as a prime location for first-time homebuyers, offering attractive affordability with an average starter home priced at $184,470. This is markedly lower than the national average of $440,000, requiring an income of just $44,182 to afford. While affordability varies across cities, areas like Meridian and Hattiesburg stand out for their reasonable prices. Despite a significant increase in home prices over the past five years, Mississippi's monthly mortgage payment rises are less steep than national averages, making home ownership accessible for many.
#first-time-homebuyers #affordable-housing #mississippi-real-estate #housing-market-trends #starter-homes
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