4.26 ACRES OVERLOOKING LAKE BOGUE HOMA. Why is the housing market so hot? Get price drops notifications & new listings right in your inbox! The turn-of-the-20th-century timber industry contributed a great deal to Laurel's growth - it's part of the "Pine Belt" - and I'd love to think today's fixer-upper showcases some beautiful local woods. Want to get the financing process started? 1,528 Sq. 2 years today since our pilot episode aired. Find Cheap Homes for sale in Mississippi. . Rear covered patio as w, Houses in the price range are hard to come by and this one is super cute. Great location thats convenient to everything. And its beautiful city park system was designed by Fredrick Law Olmsted Jr., who designed the grounds of the White House and the Jefferson Memorial. BUILT WITH 1960'S QUALITY, IT'S AN OLD-FASHIONED JEWEL JUST WAITING TO BE POLISHED. Home For Rent Details . REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. Please refresh the page and try again. Well, it's a sign of the times. Meanwhile, there's just a 1.9-month supply of . If buying a house in a town youve seen only on TV seems out of the ordinary, she says, the Napiers have had that same effect on viewers far and wide. $178,900. MASSIVE INVESTMENT OPPORTUNITYSale to include 3 dwellings on a total of 3.53 acres MOLMain home 3368 HWY 11:Move in Ready 3 Bedroom / 1 Bath 1720sfBonus room w/ Laundry & storageNew Electrical 2019Newer HVACOriginal Hardwood floors Cottage 3380 HWY 11:Move in Ready1 bed / 1 bath 700sf Fully fenced yardLarge workshop / storage shed w/ powerCentral HVACPreviously rented at $975/moStudio apartment 3372 HWY 11:Studio / 1 bath 1200sf Tenant in place at $325/moThere are a total of 4 septic tanks on the property. 16 Cheap Houses in Laurel, MS to find your affordable rental. Let us show you why. Laurel is a minimally walkable city in Jones County with a Walk Score of 31. Here is our travelers' best-rated budget-friendly hotel: Econo Lodge Laurel. This home features 3 bedrooms and 1 bath, ATTENTION Quick, act fast, before it's too late. Looking for a country setting with beautiful, cleared acreage? Please switch to a supported browser or download one of our Mobile Apps. Which certificate of deposit account is best? Strong demand, fewer people listing their homes, unfavorable zoning regulations in many cities and a lack of skilled laborers have all combined to squeeze the real estate market. Not only are the mosquitoes huge, theyre relentless. 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. 3 Beds 1 Bath. Get with your realtor today to schedule a tour. 3br 1.5 ba brick home with office convenient to downtown Laurel. 3BR, 2 BATH HOME SITTING BACK OFF THE ROAD ON OLD BAY SPRINGS ROAD. Rent for a two-bedroom apartment costs an average of $777 a month. Your financial situation is unique and the products and services we review may not be right for your circumstances. Phillips is the dean of Honors College and professor of agricultural economics at Purdue University. Home buyers are also enamored with the math. Lots of cabinetry with granite counter tops in kitchen and baths. Erin revealed that Chip and Jo helped mentor them every step of the way. In a state known for its friendly residents, you can expect to engage in some small talk just about anywhere you goand its great. In the next three to five years were still going to be experiencing tight housing supply, she said. Weve maintained this reputation for over four decades by demystifying the financial decision-making BUILT WITH 1960'S QUALITY, IT'S AN OLD-FA, This is a 1043 square foot single family home has 2BR/1BA. But by the 1990s the lumber trade was long gone and the downtown was abandoned. Receive up to $500 dollar cash when you refer a buyer to Regional Homes of Laurel. Here in Mississippi, coming across animals on the road is almost as common as coming across other motorists. Cost of Living in Laurel, Mississippi Our cost of living indices are based on a US average of 100. State: Mississippi. Save for a down payment.. She has received numerous awards and accolades for her work, including being named one of the "Top 10 Educators to Watch" by Education Week magazine. 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. From the friendly people to the mouthwatering food, we are fully aware of what a gem of a state Mississippi is. You just love to turn a run-down old houseinto a beautiful showplace, she says. It's located on a beautiful oak-lined street in a neighborhood with a historic feel. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Bankrates editorial team writes on behalf of YOU the reader. Level lot off of Shady School Rd between Shady Oak Rd and Gavin Seals Rd. Regional Homes of Laurel is part of the Regional Homes Dealership Group the largest privately owned mobile, manufactured, and modular housing dealership in the Southeast. 4 BEDROOMS, 2 BATHS ON 1.22 ACRES! Rent Trends As of February 2023, the average apartment rent in Laurel, MS is $391 for a studio, $724 for one bedroom, $856 for two bedrooms, and $946 for three bedrooms. BEAUTIFUL SETTING. The inventory of homes for sale in January 2021 fell nearly 26 percent compared with January 2020, the National Association of Realtors reports. What a DEAL! The home she bought was a diamond in the rough, she says. There are a few reasons why houses are so cheap in Laurel, Mississippi. Located in West Jones School District. 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. You have plenty of space with a large living room, dining area, and nice size fenced in back yard with storage shed. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. Lumber prices increased more than 150%, for example. 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. 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. 2923 N 7th Ave unit WeBuyHousesSwift.com, Laurel, MS 39440. HGTVs renovation show Home Town is a certified hit. One reason is that the cost of living is relatively low in the area. At least they provide the perfect opportunity for a party. The median list price in Laurel currently sits just below $100,000, so its easy to see why budget-conscious home buyers cant help but entertain the idea of living in Laurel. Both homes have 2 bedrooms and 1 bath and are move in ready. She had lived and worked in Arizona for the past 20 years, raised her kids there, and started a new career in house flipping. Beautiful 1.8 acre corner lot right outside of the Laurel city limits, featuring a brick cottage style home with updated features! You must be a HUD registered broker to place a bid on this property. Laurel is a minimally walkable city in Jones County with a Walk Score of 31. Our editorial team does not receive direct compensation from our advertisers. Investors usually pay with cash, not a mortgage, making their bids far more certain and attractive to sellers. The inventory of homes for sale in January 2021 fell nearly 26 percent compared with January 2020, the National Association of Realtors reports. this post may contain references to products from our partners. 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. According to Cole, rent prices in Mississippi are 37 percent lower than the other 49 states. You'll receive your first newsletter soon! Laurel was established in 1882 as a lumber town, and the founding familiescrafted the town from scratch, says Ross Tucker, president of the Jones County Chamber of Commerce. In many ways, theyre catalysts, Rhonda Phillips says about the reality TV couple. 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. The couple renovated a Craftsman-style home downtown, which was laterfeatured on Southern Weddings Instagram feed. 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. There is a tenant renting space for an RV at $200/moThis is a very well maintained property with room for expansion & much more income potential. By providing my email I agree to receive Forbes Advisor promotions, offers and additional Forbes Marketplace services. Bankrate follows a strict editorial policy, How much is a gallon of milk in Mississippi? Living in Mississippi is less expensive than it is on average across the U.S. as a whole. Nice 3br 2ba 1248 sq ft home in the city of Laurel. As soon as I saw what they were doing, my first thought was, Oh this town is going to blow up, Mangone-Russo says. This home includes 2 bedroom & 1 bath with carport area. of HUD. The partially fenced yard is perfect to let your fur babies run around. Deed Restrictions. 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. 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. ft, this home offers a living area, den, dining room, 2 bedrooms, 1 additional bedroom (no closet) or office space, big laundry room, 2.5 baths, patio, double attached garage & shed! Along with a commitment to provide our customers the lowest prices and a wide range of housing options, we know it really comes down to trust, care, and dependability above all else.We're America's #1 Independent Manufactured Housing Retailer for a reason. Heres how it works. . Welcome home to this quaint 3/1 in Shady that sits on a 1-acre lot in the highly desirable West Jones school district. Manufacturing related to the timber trade popped up. 46 Acres of Rolling Pastureland. My favorite features about this house are all of the living spaces, Edwards shared. As the Hospitality State, we'll always be friendly towards visitors, but that doesn't mean we want them to start calling Mississippi home. Property has main house and apartment in the rear that can both be rented out. What to do when you lose your 401(k) match, 6 rules for homebuyers in a sellers market, Housing economists reveal bidding tactics and other home-buying hacks, Skyrocketing home prices send some buyers to cheaper locales. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Check out the breath-taking decor kitchen with new quartz countertops and backsplash with tiffany blue cabinets & all new stainless-steel appliances. Another driver has been the Covid-19 pandemic: people left tightly-packed cities for less-costly housing in suburban areas, or got tired of sharing small living spaces when their home also became their workspace during quarantine. Neat 2 story home located in North Laurel on a quiet dead end street. Typically if you reach retirement age, you might go into a retirement home, releasing that supply of housing to the younger buyer, but older people are staying in their homes longer, so thats not increasing the supply of homes out there.. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. If you're looking to sell your home in the Laurel area, our listing agents can help you get the best price. Perfect family home. REO Occupied - the seller does not represent or guarantee occupancy status. Located just outside of Laurel in the Wes, Priced to sell quickly, this 3 bedroom, two bath home has a large living area with a separate kitchen. The long held tradition is definitely a bit on the noisy side. You got this resurgence of can-do people who decided to come back here. Buyers should brace themselves for tight supply, Cororaton said. Road Frontage on Lower Myrick Road and Moore's Circle. Adorable Laurel home ready for new owners, and if you have seen HGTV and the popular show Home Town, Laurel is the place to be. Its a sellers world, but that doesnt mean buyers cant take some steps to stand out. 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. They noted. Speaking of entertaining this home comes with an in-ground salt water pool to keep you cool during these steamy southern summers. Meanwhile, theres just a 1.9-month supply of homes on the market. You will like the walk in pantry in kitchen. Major employers in the area include Sanderson Farms, Masonite International, and Thermo-Kool. Apartment rent in Laurel has increased by 6.2% in the past year. Rachel, located in Washington, DC, has more than a decade of experience covering financial news at outlets including American Banker, The Wall Street Journal and Bankrate. 2023 Forbes Media LLC. Starring Ben and Erin Napier, the couple restores homes in their town while also highlighting small businesses. 2 Baths. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Mississippis housing costs are the lowest in the nation. Here are some good strategies to make yourself a more competitive buyer in the current market: Home prices are likely to keep climbing as supply remains strained, but there are some things you can do like long-term planning and prequalifying for a mortgage to boost your chances of making a winning offer in this competitive market. The state is responsible for a number of medical firsts. It just means we appreciate it that much more when we do get it. Power and water are available. Since then, an average of only 936,000 new homes have been completed every year from 2009 through 202139% less per year since the last financial crisis. This would make a great spot for a business, workshop, or whatever you see fit. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Upon entering, interested parties will find updated hardwood floors spanning throughout the 2,436 square feet and thats just accounting for the home size! You might be using an unsupported or outdated browser. The interior has an open plan and tall ceilings throughout. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Buyer will be responsible for obtaining possession of the property upon closing. 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. While we adhere to strict Saving for a down payment means tracking home price increases which jumped up almost 15 percent last year, according to NAR and figuring out how much you may need to front a few years down the road. editorial policy, so you can trust that our content is honest and accurate. It has wide living area which has a good view of the area because of the huge glass doors and windows, Brick home on a slab located in NE Jones County. Large master suite and plenty of gathering space. How has the show changed Laurel? Our goal is to make your manufactured, mobile, or modular home buying experience easy, stress-free, and enjoyable (the way it should be.) Specifically, the state's low cost of housing. Check out the nicest homes currently on the market in Laurel MS. View pictures, check Zestimates, and get scheduled for a tour of some luxury listings. Now in its fourth season, the program focuses on the renovation work of Ben and Erin Napier. You must be a HUD registered broker to place a bid on this property. If youre looking to buy a home in the months ahead, get ready for stiff competition and relatively high prices in much of the country. City: Laurel. Laurel cost of living is 72.0 100=National Average AVERAGE RENT BY BEDROOM SIZE This lot in Jones County, located near downtown Laurel is perfect to build your dream home or as a great investment. At Bankrate we strive to help you make smarter financial decisions. 2023 Bankrate, LLC. Then she watched Home Town and was smitten. They also want to eat, shop, and stay downtowna boon for local businesses. Mississippis median household income is $45,792, the lowest in the country, with a livable wage of $46,000. Living in Mississippi is less expensive than it is on average across the U.S. as a whole. Log in. Too many interested buyers and too few available properties are pushing home prices higher. Private viewings can be scheduled via phone or email with Red Fox Realty. Home Mississippi State University Why Are Mississippi Houses So Cheap? 13 talking about this. Master bath has separate shower and soaking tub and a VERY LARGE master closet. The lot is approximately 1 acre with plenty of room and pretty hardwoods. Where are home prices dropping the fastest? 1 acre of prime real estate with over 353ft of HWY 84 road frontage. Priced at $56 a foot. Chip and Joanna Gaines of Fixer Upper revived Waco, TX, and became national celebrities in the process. 7. Is Gulfport MS a good place to invest in real estate? Maybe you need to start with a smaller condominium or smaller town house, build equity on that and then move to your forever home.. In the past month, 1 home has been sold in Laurel. Just shy of 3,000 sq. They even recently landed on the cover of Peoplemagazine! Drawn to the area because of the show, she and her husband now own a historic Craftsman beautifully restored by the Napiers. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Address: 3812 Baldwin Dr., Laurel, MS (opens in new tab) Visit our corporate site. All Rights Reserved. Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. It sits only three minutes from downtown, on a quiet residential culdesac. 515 W 14th St, Laurel, MS 39440. The reasons for this arent entirely clear, but homeowners wanting to hold onto super-cheap mortgage rates and a reluctance to let buyers view the house during the pandemic are issues. What Was The Original Name For Mississippi State University. Our editors and reporters thoroughly fact-check editorial content to ensure the information youre reading is accurate. Well mantained home with 3 bedrooms 1 bathroom. She and her husband, Jay Stein, appeared on Season 4 of the show. The National Association of Home Builders estimates that new homes are being constructed at a rate of 1.42 million per year, which Gay Cororaton, senior economist and the director of housing and commercial research at the National Association of Realtors (NAR), said is not sufficient to address the current shortage. An amount below 100 means Laurel is cheaper than the US average. SEE DOCUMENTS FOR REPORTS. 63 single family homes for sale in Laurel MS. View pictures of homes, review sales history, and use our detailed filters to find the perfect place. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We talked with a few locals about the impact of Home Town on this modest central Mississippi town, population 18,000. Wonder where the locals eat, things to do at night, or where to find the best shops and boutiques? Information is deemed to be reliable but not guaranteed. Prices reflect the resurgent demand. COME TAKE A LOOK FOR YOURSELF. As a result, the cost of a home is darn cheap here. Cost of living in Jackson is 4% below the national average. They want to see where the show was filmed, he says. Affordable mobile home features 3 beds, 2 baths, and sits on over 1 acres of land. Equal Housing Opportunity. Mississippi's #1 retailer 10 years in a row. I like projects. Printed Signs Choose A Seat Not A Side & The Order of Events {Wedding Wednesday}, Friday Favourites Fall Walks & Turkey Time . 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. Theres always been some special things about Laurel, says Phillips, who grew up nearby. 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 Buildable lot in Laurel not far from the highly desired downtown area. According to the website Road Snacks, the 10 most dangerous places to live in Mississippi are: McComb (most dangerous on the list), Greenwood, Vicksburg, Jackson, Biloxi, Pascagoula, Laurel, Gulfport, Holly Springs, and Meridian (least dangerous on the list). 6 acres on West Jones School district. What are index funds and how do they work? Is it the next Waco? Call for your appointment today and more information. A MUST-SEE HOME! Please try again later. 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. . 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, A few years later, their work began to receive notice. READ REDFIN'S FAIR HOUSING POLICY. Compared with all other states, Mississippi has the second lowest overall cost of living. 3 Beds. 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. TRAILERed to your individual wants and needs! This rare gem will not last long! Erin and Ben Napier have showcased their love for their small town of Laurel, Mississippi, for HGTVs Home Town since 2016, finding historical homes and redecorating them with modern and affordable updates. Property owned by US Dept. So, the next time you hear someone talking about wanting to move to Mississippi, politely remind them of these 15 reasons they definitely would not like living in the Magnolia State.
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