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Low home prices and slow-but-steady home value appreciation make Mississippi a marvelous choice for Rent to Own. According to Zillow, homes in Mississippi average 148 days on the market, meaning demand is lower and supply is up. This means sellers are very likely to consider alternative financing deals when transferring their property, making lease option a popular and viable option.
Where the Big River Flows
Running along the western border of the state, Mississippi is home to America’s most famous river and has long been a source of inspiration for trade, travel, and of course Mark Twain stories. At certain intervals, the Mississippi River can be over a mile from the east bank to the west bank, making it a crucial transit route into the heart of the nation for commerce and classic riverboats alike. One of the Deep South states, the Magnolia State has kept its agricultural roots in producing many crops and ventured into energy. Major industries in the state include agricultural, oil and gas, forestry, manufacturing, and shipping/trade. Population growth averages at about 0.06 percent annually. Job growth in Mississippi continues at 0.9 percent and unemployment sits at 7 percent. According to Trulia median household income in Mississippi is $31,330 and the median family income is $37,406 annually.
Mississippi River, MS. Via The Guardian TravelDeep South Values
After a slight decline in price value last year, home prices are expected to remain stable, growing 0.6 percent according to Zillow. The average home value in Mississippi is a budget friendly was $112,800. Some of the most popular metro areas in Mississippi are Hattiesburg, Jackson, Vicksburg, Southaven, and Biloxi.
For parents looking to buy in Mississippi, choosing the right school district is an important decision. Primary and secondary school rankings are very mixed throughout the state with the best schools concentrated near metro areas. Mississippi has notable universities that include Mississippi State University, University of Mississippi, University of South Mississippi, Alcorn State University, and University of Mississippi Medical Center.
According to Neighborhood Scout, violent crime rates in Mississippi are slightly below the 2.75 per 1,000 residents national average at 4.41, while property crime is 27.25 per 1,000 residents and is higher than the 27.3 national average.
Culture and Entertainment
In many ways, Mississippi is the cradle of old south American culture. Home to the delta blues and a whole lot more, it offers many points of interest to residents and visitors alike, including the Delta Blues Museum in Clarksdale, Vicksburg National Military Park, Mississippi Museum of Natural Science, Elvis Presley Birthplace and Museum, USS Cairo Museum, and Walter Anderson Museum of Art. Mississippi is dotted with many small towns that prioritize traditional values. Mississippi cuisine is predominantly Southern homestyle and soul food, with a big emphasis on catfish, which can be served cooked or fried.