Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
197 Brandon, MS, USA apartments for sale
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Brandon
According to statistics, the population in Brandon, MS amounts to 23,421, which shows growth 1% compared to the previous year. The median age of the city’s residents is 39. The average household income is $72,529, shifting growth 1% from the past year, and the average property value in Brandon, MS decline 0% to $169,900 throughout the year.
| Population | 23,421 |
| Median Age | 38.8 |
| Poverty Rate | 5% |
| Household Income | $72,529 |
| Number Of Employees | 11,726 |
| Median Property Value | $169,900 |
Household Income
The average household income in Brandon, MS grew from $71,485 to $72,529 in the past year. This data is an estimate based upon 8,563 households in Brandon, MS . The chart below presents how household income is distributed in Brandon, MS in comparison to the revenue allocation amid households nationally.
- USA
- Brandon, MS
Property Value
According to data from last year, the average property value in Brandon, MS shifted from $169,800 to $169,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Brandon, MS in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Brandon, MS properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
- USA
- Brandon, MS
Rent vs. Own
- Rent80%
- Own20%
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 Brandon, MS compared to median property taxes around the country. The prevalent amount of property taxes in Brandon, MS equals $1150, which is less than the national average.
- USA
- Brandon, MS
Housing Trends
Brandon, MS, USA Housing Trends
Average sale in Brandon: $384,008 (+23.1%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 3 bed apartments | $284,040 | +32.2% |
| 4+ bed apartments | $415,248 | +1.5% |
During May 2021, the average price for an apartment in/near Brandon, MS increased by 23.1% to $384,008.
Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $284,040. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $415,248 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Houses for sale | $369,798 | +19% |
| Townhouses for sale | $489,000 | +325.2% |
| Apartments for sale | $525,000 | N/A |
| Lofts for sale | $549,000 | N/A |
While assessing the property pricing Brandon, MS, you can note that it remains flat with a price tag of $525,000. According to statistics, average house is still $369,798 with no significant changes this month. The price statistics of lofts have not significantly changed, it now still goes for $549,000. Value of the townhouses didn’t change, the price still starts at $489,000.
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