Additionally, the state has a poverty rate of 19.6%, the highest of any state. Sorry, your blog cannot share posts by email. Specifically, the state's low cost of housing. 4 Beds 2 Bath. Forest Glenn will be gated. Are 'Fixer Upper' Stars Chip and Joanna Gaines Saving Waco, or Destroying It? Home has a separate office, beamed ceiling and fireplace in the Den. Then she watched Home Town and was smitten. Great location thats convenient to everything. I will work endlessly to ensure that you get the home that. Located on 6th Avenue, you'll be right in the middle of the historic district and close to downtown! The den of this home has new granite covered fireplaced & luxury vinyl plank floors. Our goal is to give you the best advice to help you make smart personal finance decisions. Mississippi is the cheapest state to live in in the United States. Now people are coming through. Laurel is home to approximately 18,420 people and 16,432 jobs. 2 Baths. Located in West Jones School District. who ensure everything we publish is objective, accurate and trustworthy. Check out our renovations advice first. Affordable mobile home features 3 beds, 2 baths, and sits on over 1 acres of land. No interior photos, no lease in place. Between the perfectly fried seafood and the variety of local specialties and creations, such as the slug burger, dieting is basically impossible here. As a result, homebuyers are unlikely to get relief from rising prices anytime soon. Todays real estate market is stacked against buyers to a certain extent. As a result, the cost of a home is darn cheap here. Information is deemed to be reliable but not guaranteed. Laurel is a minimally walkable city in Jones County with a Walk Score of 31. Interest in second homes started skyrocketing in mid-2020 as affluent Americans took advantage of remote work and low mortgage rates to escape to and invest in vacation destinations, Redfin economists wrote in January. Right now, about 150 homes are on the market in Laurelbut bargain hunters should be aware that Home Town has already had an effect on the housing stock. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. 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. Its amazing more of us dont suffer a heat stroke. The partially fenced yard is perfect to let your fur babies run around. Completely renovated 3br 1ba home in North Laurel. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Whether you are looking for a property to fix and flip or something to buy and hold this 1428 square ft property is worth checking out. The Forbes Advisor editorial team is independent and objective. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. New lot; buyer to collect tax estimate. This home features 3 bedrooms and 1 bath, ATTENTION Quick, act fast, before it's too late. HGTVs renovation show Home Town is a certified hit. Subject to appraisal. All Rights Reserved. Lumber prices increased more than 150%, for example. In the next three to five years were still going to be experiencing tight housing supply, she said. Housing costs in Mississippi are the lowest in the nation. For DIY-ers, a tiny, two-bedroom home listed for $65,000 is a big renovation project. Bankrate follows a strict He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy. Bankrate follows a strict editorial policy, You have money questions. Built in 1968, the home was featured in the ninth episode of the first season of Home Town in 2017, with updates including a redesigned entryway, remodeled kitchen, and renovations to the lower-level living space. Saving for a down payment can take years, and even once youve saved up, you need to stick to properties you can afford. NEW CONSTRUCITON IN THE HIGHLANDS SUBDIVISION!! Plan ahead, plan when you think youre going to buy a home. Find listings of Laurel handyman special homes through a huge database updated daily. Here's your opportunity for a home site with plenty of space for ATV's, hunting, farming or gardening!! 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. At least they provide the perfect opportunity for a party. BUILT WITH 1960'S QUALITY, IT'S AN OLD-FASHIONED JEWEL JUST WAITING TO BE POLISHED. 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. of HUD. According to Erin's Instagram story, the Hurts are being transferred back to Virginia for work. Level lot off of Shady School Rd between Shady Oak Rd and Gavin Seals Rd fork. subject matter experts, Cost of Living: -28.0% lower. This lot in Jones County, located near downtown Laurel is perfect to build your dream home or as a great investment. 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. But Covid-19 only accelerated a supply issue thats underpinned the market since as far back as the last financial crisis. 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. For starters, mortgage rates remain relatively low compared to historical trends. Lot Size: 150X140 You'll receive your first newsletter soon! 'IE', 'Insured Escrow'. 522 N 6th Avenue. As the Hospitality State, we'll always be friendly towards visitors, but that doesn't mean we want them to start calling Mississippi home. 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. Additionally, real estate agents have seen upticks in urbanites from major metropolitan areas primarily New York City, Los Angeles, Chicago and the San Francisco Bay Area moving to less densely populated areas, making smaller towns like Laurel all the more attractive. Editorial Note: We earn a commission from partner links on Forbes Advisor. Before that, she covered macro and central banks for Investor's Business Daily, and municipal bonds for Debtwire. 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. Too many interested buyers and too few available properties are pushing home prices higher. Additionally, the Napiers added a pergola-style outdoor area, window boxes, and general upkeep to the homes exterior. walking distance to the grocery store, medical clinic, pharmacy, and bank. 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. Meanwhile, there's just a 1.9-month supply of . Very Nice 5 bedroom 2 bath home. Seller makes no representations or warranties as to property condition. Mortgage prequalification or preapproval are processes that lenders use to vet potential borrowers in advance. BEAUTIFUL VIEW! 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. 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. Thank y'all so much for following along on this unbelievable adventure with us. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. As the Hospitality State, well always be friendly towards visitors, but that doesnt mean we want them to start calling Mississippi home. You must be a HUD registered broker to place a bid on this property. It certainly still has its wood clapboard siding and diamond-shaped shingles at the gable peak. And if a couple renovating homes while simultaneously boosting the profile of a small town has a familiar ring, its no accident. What state makes the most money in real estate? Further, occupancy rates in senior-living facilities dropped to 74% in January 2022 from 85% pre-pandemic as many seniors preferred living in their homes instead due to the Covid-risk in larger shared-living facilities, according to a report by Redfin, a national real estate brokerage. 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. Until youve experienced it, you just wont understand. Just look at how expensive it is to live in places like Los Angeles or Miami. This home provides plenty of room for families or singles who love to entertain. Their efforts, along with others who established the Laurel Main Street organization (which focuses on revitalizing the town), have breathed new life into Laurel. 16 Cheap Houses in Laurel, MS to find your affordable rental. Get more stories delivered right to your email. From the friendly people to the mouthwatering food, we are fully aware of what a gem of a state Mississippi is. There are currently 29 cheap homes for sale in Laurel at a median listing price of $292K. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. If you're looking to sell your home in the Laurel area, our listing agents can help you get the best price. 3718 University Ave, Laurel, MS 39440. . Past performance is not indicative of future results. Meanwhile, theres just a 1.9-month supply of homes on the market. A cost of living index above 100 means Laurel, Mississippi is more expensive. 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. New York10 States Where Real Estate Agents Earn The Most Money. Come see for yourself the amenities and serenity this property has to offer. That demand has been as much as 90% higher than pre-pandemic levels over the past two years, a phenomenon thats not helping the supply shortage. Don't miss out on this one, call today to schedule your private tour. It's filled with large mature hardwoods and plenty of room to build the home of your dreams. You must be a HUD registered broker to place a bid on this property. Upon entering, interested parties will find updated hardwood floors spanning throughout the 2,436 square feet and thats just accounting for the home size! Living in Mississippi is less expensive than it is on average across the U.S. as a whole. Houses for Rent in Laurel, MS. $1,095 24 % below avg price. Great floor plan. Also drawn in by the show, Jill Mangone-Russo up and moved to Laurel a year ago. 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. READ REDFIN'S, Do not sell or share my personal information. During that period, homebuilders constructed enough homes to keep supply and demand relatively balanced. The weekly show serves as an hour-long ad for the charming city. According to Cole, rent prices in Mississippi are 37 percent lower than the other 49 states. 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. No mobile homes. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Get in contact with Zach Wichter via Email. In the years since, shes had the privilege of having her articles appear in several publications, such as Parents & Kids Magazine and Girl Meets Strong. Fresh paint inside and out, new roof, flooring, cabinets, etc. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. See what this Laurel, MS. house from HGTV's Home Town looks like today (and make it yours for under $200,000). All rights reserved. Well, it's a sign of the times. Its a state that relishes higher education with top-tier schools like the University of Mississippi and Mississippi State University. Visit realtor.com and browse house photos . 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. Before the shows success, we havent had a traditional attraction for tourism. Chip and Joanna Gaines of Fixer Upper revived Waco, TX, and became national celebrities in the process. When you purchase through links on our site, we may earn an affiliate commission. Mobile home may be bought separately if moved. This lot (4.86 acres +/-) comes with the access rd (0.68 acres +/-) for a total of 5.54 acres +/-. #iliveinlaurel, A post shared by Erin Napier (@erinapier) on Jan 24, 2018 at 5:50pm PST. Investors bought a record-high 18.4% of homes during the fourth quarter of 2021, according to Redfin. And while its important to keep watching online housing listings like Redfin, Zillow and Realtor.com, getting the right real estate agent will help you narrow down your search and ultimately, find the best home deal for you. 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. 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. Post was not sent - check your email addresses! This spacious five bedroom, two and a half bath split level home is set beautifully on a terraced green sp, West Jones School District- Nice 3 Bedroom, 2 bath home on 1 Acre. Most homes for sale in Laurel stay on the market for 128 days. REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO. Private viewings can be scheduled via phone or email with Red Fox Realty. What Are Some of the Best Cheap Hotels in Laurel? Kitchen has an island and is open to den. Coming in at more than 40% less than the median-priced home in the United States. Mobile homes are not allowed. What a DEAL! 2923 N 7th Ave unit WeBuyHousesSwift.com, Laurel, MS 39440. Antonia is a gifted educator, and she is widely respected within the education community. Forbes ranks Jackson among the best places in the nation for cost of doing business, job growth, and education. Theres just really a sense of taking care of each other.. 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. This rare gem will not last long! Starring Ben and Erin Napier, the couple restores homes in their town while also highlighting small businesses. So, whether youre reading an article or a review, you can trust that youre getting credible and dependable information. And it has a pool! . Bankrate has answers. 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. Real Homes is part of Future plc, an international media group and leading digital publisher. With the ultimate small-town vibe, the show makes us feel like we, too, live in Laurel. 1,528 Sq. 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. Lots of cabinetry with granite counter tops in kitchen and baths. The bathrooms have all been updated with new granite countertops and sinks. Our expert content was prepared to help you find Laurel fixer upper homes for sale whether you are a first time home buyer or a great real estate investor. Cspire fiber optic internet & TV available. 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. HUD Homes are sold AS-IS. Great location just a few minutes from wonderful downtown Laurel. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Thank you! To have the impact of a nationally recognized TV show and the impact it has brought into the community is profound, Tucker says. Beautiful Property. Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. Home buyers are also enamored with the math. of HUD. It's made Laurel a popular destination, especially for fans. Buying or selling a home is one of the biggest financial decisions an individual will ever make. It has wide living area which has a good view of the area because of the huge glass doors and windows. Rent for a two-bedroom apartment costs an average of $777 a month. Also, research all your options for down payment assistance. All of our content is authored by We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Copyright: 2023 Redfin. Theres always been some special things about Laurel, says Phillips, who grew up nearby. Five years after its renovation from the Napiers, the home offers prospective homebuyers a great deal. 3 Beds 1 Bath. Why Are Mississippi Houses So Cheap? Here in Mississippi, coming across animals on the road is almost as common as coming across other motorists. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Eat in kitchen, l, Serene country setting in West Jones School District! Searching cheap houses for sale in Laurel, MS has never been easier on PropertyShark! 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. 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Used under license. Seller will pay up to 3% in buyer closing costs. Brokerage. BUILT WITH 1960'S QUALITY, IT'S AN OLD-FA, This is a 1043 square foot single family home has 2BR/1BA. Laurel is home to approximately 18,420 people and 16,432 jobs. Bankrate.com is an independent, advertising-supported publisher and comparison service. As the house stands currently, it hosts a great deal of space, including an open kitchen, two living rooms, and a formal dining room. According to data from the Bureau of Economic Analysis, goods and services in the state cost 14.0% less than they do on average nationwide. Please switch to a supported browser or download one of our Mobile Apps. Okay, you have to admit, hes kind of cute. When it sells, she wants to buy another fixer-upper and start all over again, preferably in the same neighborhood. You got this resurgence of can-do people who decided to come back here. Laurel. This home also includes a large family room with new flooring that could serve as additional bedrooms and or office space. This newly remodeled 1945s house is centrally located and close to all the conveniences of town, incl, 1642 Old Bay Springs Rd., Laurel, MS 39440, LOCATION, LOCATION, LOCATION! With 3 bedrooms, 1 bath, and ample living spaces, this home offers plenty of space for everyone. 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. NSW 2059. A small storage building is included, this home sits on 1 acre lot. The nine-month project is at the finish line, and shes just listed the property for $169,000. 38 percentIn 2019, 38 percent of Mississippi residents were Black or African American. Cute & simple little 2/1 looking for TLC and someone willing to put in the work to bring this house back to lif. 10 foot ceilings in formal dining, den, and kitchen! SEE DOCUMENTS FOR REPORTS. Transportation Car-Dependent 43 out of 100 WalkScore Rating Browse through Laurel, MS cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If youre looking for specific price intervals, you can also use the filtering options to check out cheap homes for sale under $300,000, $200,000, $100,000 and $50,000. 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. What Are The Top Tier Sororities At Mississippi State? REO Occupied - the seller does not represent or guarantee occupancy status. 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. Laurel, MS 39440. The couple renovated a Craftsman-style home downtown, which was laterfeatured on Southern Weddings Instagram feed. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. (601) 428-8218 5185 US-84, Laurel, MS 39443 Already have an insurance relationship established? Thanks & Welcome to the Forbes Advisor Community! Nobody knows and loves Laurel, Mississippi, quite like Erin and Ben Napier. Covid also spurred more affluent homebuyers, who may have stashed away more savings while in quarantine, to buy second homes. Plenty of room to spread out with nice size living room and den, spacious home for entertaining. Buyer will be responsible for obtaining possession of the property upon closing. If something does come available [in the downtown], we have a lot of people scramble and get it, explains Carter, whos had potential clients call from as far away as California, Virginia, and Minnesota. You will receive a verification email shortly. Case # 281-470305. They also want to eat, shop, and stay downtowna boon for local businesses. Our selection of cheap hotels makes Laurel popular among budget-conscious visitors looking for a vacation to remember. As the Freddie economists note, there are 72 million people in this generation, the largest since the Baby Boomers. Home Size: 2,436 square feet We talked with a few locals about the impact of Home Town on this modest central Mississippi town, population 18,000. Check out how our partner Point2 can help you generate more leads by making your listings and profile stand out. This lot, Lot 5 (3.17 acres), can be accessed by way of lot 1's road via an easement. Metro Area: Laurel Metro Area. Though Daniella was born in New York and has lived in a couple of other states, Mississippi has been her home for the past 25 years. She has worked in schools all over the world, and has developed groundbreaking curricula that have helped countless students excel. READ REDFIN'S FAIR HOUSING POLICY. Erin and Ben were part of that group, says Tucker. Where In Mississippi Should You Not Live? 3br 1.5 ba brick home with office convenient to downtown Laurel. Hotels.com has 2 cheap Laurel hotels, the right one is waiting for you! We'd love to hear from you, please enter your comments. 46 Acres of Rolling Pastureland. Completely remolded and ready to move in. I like projects. New lot; buyer to collect tax estimate. Mississippi maintains a low violent crime rate 1.90 incidents per 1,000 people; nationally the number is 4.49. Prequalification and preapproval are only strategies for those who are ready to make an offer imminently, but buying a home usually takes long-term planning. 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. In 2021 after nearly a year of the COVID-19 pandemic many Americans have transformed their understanding and desire for home themselves. Are you sure you want to rest your choices? MASSIVE INVESTMENT OPPORTUNITY Sale to include 3 dwellings on a total of 3.53 acres MOL Main home 3368 HWY 11: Move in Ready 3 Bedroom / 1 Bath 1720sf Bonus room w/ Laundry & storage New Electrical 2019 Newer HVAC Original Hardwood floors Cottage 3380 HWY 11: Move in Ready 1 bed / 1 bath 700sf Fully fenced yard Large workshop / storage shed w/ power Central HVAC Previously rented at $975/mo Studio apartment 3372 HWY 11: Studio / 1 bath 1200sf Tenant in place at $325/mo There are a total of 4 septic tanks on the property. 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. Were still digging our way out from the legacy of the bubble, he says. There is a fenced in back yard to keep them contained and safe. ''As is'' cash only sale with no contingencies or inspections. And there are many mortgage lenders offering various programs built for first-time homebuyers or ways to lower your mortgage costs, like buying down points on your interest rate.