why are houses so cheap in laurel, mississippi

Saving for a down payment can take years, and even once youve saved up, you need to stick to properties you can afford. Fans of HGTV's "Home Town" may recognize this charming two-bedroom, two-bathroom cottage in Laurel, Mississippi, that was featured in season 2 of the series. From deer to alligators, theres no telling whats waiting outside your front door. Thank you @lindseyweidhorn for plucking us out of the great big instagram universe, thank you @rtrmedia for creating a show that's so close to our hearts, thank you @ross_tew_official and @tewtyfruity for trusting us to make your house feel just like you, and thank you @hgtv for believing in us and taking a chance on #HGTVHomeTown. Take our 3 minute quiz and match with an advisor today. This is the place! IN ADDITION TO THE SATISFACTION OF RESTORING Its ORIGINAL LUSTER, YOU'LL HAVE THE JOY OF LIVING CLOSE TO SHOPS, GROCERY STORES, CHURCHES, AND SCHOOLS. Great! Home For Rent Details . Laurel is home to approximately 18,420 people and 16,432 jobs. Being sold '', This is a 1043 square foot single family home has 2BR/1BA. Lots of cabinetry with granite counter tops in kitchen and baths. Phillips is the dean of Honors College and professor of agricultural economics at Purdue University. 'IE', 'Insured Escrow'. The ultralow-priced gems once easily uncovered are few and far between. A lot of outsiders are unaware of this fact, which is quite alright because the last thing we need is a ton of people swarming to our state. , HVAC is 3 years old. Redfin has a local office at 232 Market St Office 207, Flowood, MS 39232. Food, personal necessities, and transportation costs are affordable too. County: Jones County. Thanks & Welcome to the Forbes Advisor Community! BEAUTIFUL VIEW! Major employers in the area include Sanderson Farms, Masonite International, and Thermo-Kool. Case # 281-423799. Shes also noticed an increased interest in home purchases near the historic downtown, where most of the home renovations filmed on Home Town take place. What are index funds and how do they work? The couple renovated a Craftsman-style home downtown, which was laterfeatured on Southern Weddings Instagram feed. Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. She was previously at Dow Jones MarketWatch, on the housing market and financial markets beats. Making your way through the home, you see highlights including granite countertops and subway tile backsplash in the open kitchen, alongside a wood-burning pot belly stove and new appliances. 1 full bath with double sinks. That makes long-term planning even more crucial for aspirational homebuyers. The den of this home has new granite covered fireplaced & luxury vinyl plank floors. When it sells, she wants to buy another fixer-upper and start all over again, preferably in the same neighborhood. As Ben said in one of the shows original trailers, we just want to give all the old houses some love, with Erin reiterating, Were saving this town, because its worth it.. Transportation Car-Dependent 43 out of 100 WalkScore Rating 6 acres on West Jones School district. This lot in Jones County, located near downtown Laurel is perfect to build your dream home or as a great investment. BUILT WITH 1960'S QUALITY, IT'S AN OLD-FASHIONED JEWEL JUST WAITING TO BE POLISHED. See photos and more. The inventory of homes for sale in January 2021 fell nearly 26 percent compared with January 2020, the National Association of Realtors reports. All Rights Reserved. Affordable mobile home features 3 beds, 2 baths, and sits on over 1 acres of land. 3BR, 2 BATH HOME SITTING BACK OFF THE ROAD ON OLD BAY SPRINGS ROAD. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. The exterior was a bit run-down, with a sagging metal awning and a front porch that had been enclosed with glass door and windows. You can also work with a mortgage broker to help you cast a wide net for mortgage offerings and get you started on the application process. This three bedroom, two bath home f, Check out this cozy, well maintained home located in West Jones High School and North Jones elementary school district. Brokerage. We work with over a dozen industry-leading mortgage companies and bank lenders that specialize in all types of manufactured home loans, such as chattel (home only), land + home (FHA, VA, USDA). Antonia is a gifted educator, and she is widely respected within the education community. The success is the result of the couples work before the lights and cameras started rolling. With a population of just 18,338 residents, Laurel is the principal city of a micropolitan area, with approximately 83,000 residents between the Jasper and Jones counties. Vacant & easy to show. What Was The Original Name For Mississippi State University. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. New lot; buyer to collect tax estimate. Why is the housing market so hot? How to deep clean an apartment and keep it looking fresh, The viral TikTok office chair is FINALLY back in stock. Just shy of 3,000 sq. The ants here in Mississippi definitely mean business. Plan ahead, plan when you think youre going to buy a home. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Until youve experienced it, you just wont understand. Upon entering, interested parties will find updated hardwood floors spanning throughout the 2,436 square feet and thats just accounting for the home size! This is your guide to discovering Laurel, Mississippi, the official filming location for Home Town on HGTV, starring Laurel's own Erin and Ben Napier. We value your trust. Which certificate of deposit account is best? Well, it's a sign of the times. Any available home is like a piece of gold sitting on a piece of dirt, she says. Cheap Home for Sale in Laurel: Amazing, beautifully remolded 3-bedroom 2 bath home with large fenced in back yard, new gutters, interior/ exterior paint & new 30-year arch shingle roof. In the past month, 1 home has been sold in Laurel. You will receive a verification email shortly. You just love to turn a run-down old houseinto a beautiful showplace, she says. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This rare gem will not last long! subject matter experts, Not only are the mosquitoes huge, theyre relentless. Mississippis three biggest real estate markets Jackson, Gulfport and Hattiesburg have a combined average home price of $191,633. Bankrates editorial team writes on behalf of YOU the reader. Great floor plan. Find your dream single family homes for sale in Laurel, MS at realtor.com. In 2020, we estimate that there were only 65,000 new entry-level homes completedless than one-fifth of the entry-level homes constructed per year in the late 1970s and early 1980s, the report said. State: Mississippi. How many times have you been stuck behind a tractor? We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. "I. The inventory of homes for sale in January 2021 fell nearly 26 percent compared with January 2020, the National Association of Realtors reports. Further, fans of the Napiers should explore the famed Laurel Central Historic District, with some of the most intact homes of early 20th century architecture in the state many of which have been admired and restored on the show. Low supply means high competition, and buyers seem to be willing to pay more to come out ahead in bidding wars, or remove contingencies to make their offers even more attractive. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. 7. No mobile homes. Redfin is redefining real estate and the home buying process in Laurel with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers. Also drawn in by the show, Jill Mangone-Russo up and moved to Laurel a year ago. Our editorial team does not receive direct compensation from our advertisers. When I first moved here 15 years ago, I was aghast that they were selling these historical homes for just nothing, real estate agent Nedra Carter says. Bedrooms: 3 Lumber prices increased more than 150%, for example. Two home on 1.25 acres of land. CONTACT INFO(601) 428-82185185 US-84, Laurel, MS 39443. New flooring. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Since Mississippi stands out when looking at most people's largest budget category. 4.26 ACRES OVERLOOKING LAKE BOGUE HOMA. 'IN', 'Insured'. With 3 bedrooms, 1 bath, and ample living spaces, this home offers plenty of space for everyone. 2 bedrooms plus an office that could be used as a 3rd bedroom. NICE LOT BEHIND THE WORKSHOP WHERE YOU COULD PLANT A GARDEN OR EVEN BUILD SOMETHING NEW. Bankrate has answers. They even recently landed on the cover of Peoplemagazine! Find your dream home in Laurel using the tools above. Need proof? BEAUTIFUL SETTING. Large master suite and plenty of gathering space. Paul Costello. Is it the next Waco? Based in Rural Jones County of Laurel, the home offers a lot of modern amenities. According to Cole, rent prices in Mississippi are 37 percent lower than the other 49 states. Meaning, the housing market supply never . We never ever meant to make a TV show, but I'm so glad we did. Master bath has separate shower and soaking tub and a VERY LARGE master closet. Love Mississippi? this post may contain references to products from our partners. Price: $187,000 Laurel is a minimally walkable city in Jones County with a Walk Score of 31. Now in its fourth season, the program focuses on the renovation work of Ben and Erin Napier. 2023 Forbes Media LLC. SEE DOCUMENTS FOR REPORTS, 1.49 acre lot with a great house site. The partially fenced yard is perfect to let your fur babies run around. Level lot off of Shady School Rd between Shady Oak Rd and Gavin Seals Rd. Located on 6th Avenue, you'll be right in the middle of the historic district and close to downtown! The granite counter tops will be installed in the pool house before closing. This beautiful historic home was built in 1870 and has been very well taken care of. Bankrate follows a strict editorial policy, Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Thats a lot of homes to catch up on.. Located in West Jones School District. Find your dream home in Laurel using the tools above. Some builders went out of business, and with a glut of empty houses from the bubble years sitting empty, others were reluctant to start building again. Mobile home may be bought separately if moved. Fill out our brief pre-qualification form and let our experts review your situation so we can better serve you! Then, in the last decade or so, a grassroots movement began. Built in 1910, it's listed on the Mississippi Historical Registry and was owned by William Carroll Gartin, Laurel's mayor in the 1960s and a three-term lieutenant governor of Mississippi. Kitchen has an island and is open to den. In addition to this there are multiple museums such as Kirby Memorial Museum where visitors can learn about local history through artifacts from the Civil War period. As the Hospitality State, well always be friendly towards visitors, but that doesnt mean we want them to start calling Mississippi home. Just look at how expensive it is to live in places like Los Angeles or Miami. At Bankrate we strive to help you make smarter financial decisions. But if youd rather move right in and leave the work to someone else, theres a turnkey cottage located in the downtown historic district available for $112,000. They noted. As of 2021, fans can take their admiration one step further with the purchase of a home straight from the show, currently on the market for under $200,000. Mortgage prequalification or preapproval are processes that lenders use to vet potential borrowers in advance. The charming town of Laurel, Mississippi came to prominence as the yellow pine capital but most recently has appeared on the hit HGTV show Home Town, which premiered in 2016. If you're looking to sell your home in the Laurel area, our listing agents can help you get the best price. Heres what drove the housing market to be as costly as it is today, and where the market is headed. Almost new Single Wide Mobile Home-Living Room and playroom as well as 3/2-Large front porch to convey as well. who ensure everything we publish is objective, accurate and trustworthy. . According to Cole, rent prices in Mississippi are 37 percent lower than the other 49 states. By Antonia Leonard May 31, 2022 Land availability, low rent prices and access to the Gulf and highways for shipping make Mississippi the least expensive place to live in the U.S., Cole said. Based on a January report from My Move, over 15.9 million people moved during the pandemic months, between March and July, according to USPS data. In many ways, theyre catalysts, Rhonda Phillips says about the reality TV couple. NEW CONSTRUCITON IN THE HIGHLANDS SUBDIVISION!! Road Frontage on Lower Myrick Road and Moore's Circle. Lot Size: 150X140 After graduating from the University of Southern Mississippi, Daniella began to hone her writing skills through various internships, working for The Royal Obsession and Anatomie clothing. What Are The Top Tier Sororities At Mississippi State? Address: 3812 Baldwin Dr., Laurel, MS (opens in new tab) Laurel, MS Real Estate & Homes For Sale Sort: New Listings 104 homes NEW - 2 MIN AGO 0.42 ACRES $474,900 4bd 3ba 3,586 sqft (on 0.42 acres) 703 N 6th Ave, Laurel, MS 39440 NEW - 16 HRS AGO 0.49 ACRES $135,000 3bd 2ba 1,465 sqft (on 0.49 acres) 10 Sunset Road Ext, Laurel, MS 39440 NEW - 21 HRS AGO 0.39 ACRES $159,000 5bd 2ba 1206 N 1st Ave, While we adhere to strict Investors usually pay with cash, not a mortgage, making their bids far more certain and attractive to sellers. Mississippi is the poorest U.S. state. Almost everything is new, wiring, HVAC, paint some flooring and more. Also, research all your options for down payment assistance. Property is being sold as is, and it is priced to sell! It certainly still has its wood clapboard siding and diamond-shaped shingles at the gable peak. How Safe Is Mississippi State University? highly qualified professionals and edited by WEICHERT REALTORS - INNOVATIONS $5,995 -- bds -- ba -- sqft - House for sale 329 days on Zillow W 27th St, Laurel, MS 39440 TOM SMITH LAND & HOMES $12,000 -- bds -- ba -- sqft - New construction 157 days on Zillow 2 Larkmeade, Laurel, MS 39440 EXIT SOUTHERN REALTY $40,000 -- bds -- ba -- sqft - House for sale 396 days on Zillow Here is our travelers' best-rated budget-friendly hotel: Econo Lodge Laurel. What is the average cost of housing in Mississippi? Wonder where the locals eat, things to do at night, or where to find the best shops and boutiques? Is Gulfport MS a good place to invest in real estate? Theres always been some special things about Laurel, says Phillips, who grew up nearby. The typical tenure is about 10 years. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. Property is VACANT show anytime. And it has a pool! foot block building with road frontage on two roads. They like the hometown feeling theyre seeing on the show.. Its a basic supply and demand problem. Buyers should brace themselves for tight supply, Cororaton said. How much should you contribute to your 401(k)? Mississippi Demographics White: 58.41% Black or African American: 37.72% Two or more races: 1.35% Other race: 1.03%. Get access to our lists of government . Nice 3br 1ba home near the Historical District. UNSPOILED NATURAL BEAUTY SURROUNDS THIS BEAUTIFUL PROPERTY. When youre ready to buy your home, have realistic expectations, Cororaton said. As soon as I saw what they were doing, my first thought was, Oh this town is going to blow up, Mangone-Russo says. Seller makes no representations or warranties as to property condition. The typical homebuyer is also now facing increased competition from institutional investors whove bought a good portion of the limited supply available. Get Forbes Advisors ratings of the best mortgage lenders, advice on where to find the lowest mortgage or refinance rates, and other tips for buying and selling real estate. Our top-rated real estate agents in Laurel are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Laurel. Prequalification is a little easier to obtain than preapproval, but showing up to an open house virtually or in person with a preapproval letter in hand shows the seller youre serious with your offer, and can actually afford the price you say youre willing to pay. Get price drops notifications & new listings right in your inbox! Something went wrong. HGTVs renovation show Home Town is a certified hit. The home you have been waiting for at a price you can afford. Erin and Ben were part of that group, says Tucker. Check out the breath-taking decor kitchen with new quartz countertops and backsplash with tiffany blue cabinets & all new stainless-steel appliances. The house had to be completely renovated.. $178,900. Please try again later. Bringing positive attention to their hometown was a major factor in the couple's decision to star in the show, currently airing its second season. The lot is approximately 1 acre with plenty of room and pretty hardwoods. All Rights Reserved. Explore the homes with Newest Listings that are currently for sale in Laurel, MS, where the average value of homes with Newest Listings is $149,500.