Hattiesburg, MS

Population: 47,556
Average annual home appreciation rate: -0.77%
Total of homes for sale in this market: 336
Median home price: $110,068
Median Rent: $692 per room
Home price range: 36.55% of homes are between $98,001 – $197,000
Median sales price: Still gathering data
Number of homes: 18
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 51.88% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.12%
Number of renters: 65.89%
Number of owner occupied: 34.11%
Number people living below poverty level: 36.62%
Unemployment rate: 8.20%
Is this area perfect for real estate deals going on right now? Statistically speaking, one can see that Hattiesburg has been hit by a down trend in both the economy and the housing market overall. When one looks at the success of real estate investors, you will find that many of them have found their success when investing in properties in areas such as Hattiesburg when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back. With higher rental rates, lower overall cost on homes, and multiple vacant properties on the market, this could be a great opportunity for the savvy buy and hold investor.

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