Median price for residential apartments in Bay Springs, MS as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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6 Bay Springs, MS, USA apartments for sale
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Bay Springs
According to statistics, the population in Bay Springs, MS amounts to 1,766, which shows growth 9% compared to the previous year. The median age of the city’s residents is 37. The average household income is $37,670, shifting growth 8% from the past year, and the average property value in Bay Springs, MS decline 1% to $76,300 throughout the year.
| Population | 1,766 |
| Median Age | 36.9 |
| Poverty Rate | 16% |
| Household Income | $37,670 |
| Number Of Employees | 791 |
| Median Property Value | $76,300 |
Household Income
The average household income in Bay Springs, MS grew from $34,821 to $37,670 in the past year. This data is an estimate based upon 745 households in Bay Springs, MS . The chart below presents how household income is distributed in Bay Springs, MS in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bay Springs, MS shifted from $75,800 to $76,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bay Springs, MS in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bay Springs, MS properties falls in the '$50,000 to $59,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bay Springs, MS compared to median property taxes around the country. The prevalent amount of property taxes in Bay Springs, MS equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Bay Springs, MS, USA
Average apartment sale in Bay Springs: $499,417 (-3.8%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $21,500 | N/A |
| 3-bed apartments | $595,000 | +14.6% |
During Jan 2023, the average price for an apartment in/near Bay Springs, MS decreased by 3.8% to $499,417.
The average price of the land for sale in Bay Springs, MS has not changed significantly since last month, being $21,500. A 3-bed apartment goes for $595,000, it increased by 14.6% lately.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $595,000 | +14.6% |
| Land for sale | $21,500 | N/A |
Price reports demonstrate that house price increased by 14.6% this month making it up to $595,000. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $21,500.
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