According to statistics, the population in Southaven, MS amounts to 52,434, which shows growth 1% compared to the previous year. The median age of the city’s residents is 36. The average household income is $60,093, shifting growth 3% from the past year, and the average property value in Southaven, MS n/a% to $139,400 throughout the year.
|Number Of Employees||26,032|
|Median Property Value||$139,400|
The average household income in Southaven, MS grew from $58,427 to $60,093 in the past year. This data is an estimate based upon 18,737 households in Southaven, MS . The chart below presents how household income is distributed in Southaven, MS in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Southaven, MS shifted from $139,400 to $139,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Southaven, MS in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Southaven, MS properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Southaven, MS compared to median property taxes around the country. The prevalent amount of property taxes in Southaven, MS equals $1150, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$386,861||-2.7%|
During February 2023, the average price for an apartment in/near Southaven, MS decreased by 3.3% to $324,720.
Knowing the current property prices is key if you plan to buy a studio in Southaven, MS. The average price for a studio has decreased since the last month, currently being $87,670. Asking price for 2-bed apartment also increased by 4.5% and a place of this size will now cost you $191,750. A 3-bed apartment goes for $267,539, it increased by 1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.7% and made it down to $386,861.
|Listing Type||Feb||vs Last Month|
|Townhouses for sale||$520,000||+0%|
|Lofts for sale||$595,000||+0%|
|Land for sale||$87,670||-63.9%|
|Houses for sale||$329,447||-1.5%|
Price reports demonstrate that house price decreased by 1.5% this month making it up to $329,447. The price statistics of lofts have not significantly changed, it now still goes for $595,000. Value of the townhouses didn’t change, the price still starts at $520,000. The average price of the land for sale in Southaven, MS has decreased by 63.9%, and now equals $87,670.