Short Sale Listings in Mound Bayou, MS

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Home Value Estimator For Mound Bayou, MS

There are currently 569 real estate properties in Mound Bayou, MS, with a median automated valuation model (AVM) price of $160,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mound Bayou, MS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mound Bayou, MS, is $170,187.00, with the most expensive house in Mound Bayou, MS, topping out at $3,951,000.00 and the cheapest home in Mound Bayou, MS, clocking in at $12,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Mound Bayou, MS!

Rent Prices In Mound Bayou, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mound Bayou, MS, is on a rollercoaster ride. The average rent price in Mound Bayou, MS, is $999.00. Indeed, when looking to rent in Mound Bayou, MS, you can expect to pay as little as $600.00 or as much as $1,940.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Mound Bayou, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Mound Bayou, MS In 2024

Mound Bayou is located in Bolivar, Mississippi, with an estimated municipal population of 1,370 residents. All of the best foreclosed homes for sale in Mound Bayou are located in the following zip code areas on 38762. The estimated population per square kilometer (.62 miles) in Mound Bayou is 603.

Cost Of Living In Mound Bayou, MS

So, about how much do homes cost in Mound Bayou? The most recent median value of resident-owned homes in Mound Bayou is 97,359. An estimated 32.1 percent of households in Mound Bayou own their homes, with an average family size of 3.74. The median household income in Mound Bayou is 21,622, with3.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mound Bayou, the median commute time of resident workers (in minutes) is 19.5. And last, but certainly not least, are you looking for homes to rent in Mound Bayou? If so, the average rent price paid by renters in Mound Bayou is 465, according to recent statistics.

Diversity And Demographics In Mound Bayou, Mississippi

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Mound Bayou, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Mound Bayou is 29.1, split between 40.6 percent male versus 59.4 female. The percentage of residents who report being married in Mound Bayou is 16, with an average family size of 3.74.

The percentage of residents who report their race in Mound Bayou is as follows:

White 0%
Black / African American 100%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Mound Bayou? Or maybe you are searching for 55+ active adult communities in and/or near Mound Bayou?

The percentage of residents who report their age in Mound Bayou is as follows:

Under 10 17.3%
Aged 10-19 15.7%
20s 18.1%
30s 9.4%
40s 11.5%
50s 11.5%
60s 12.1%
70s 3.1%
80+ 1.5%

Best Schools In Mound Bayou, Mississippi

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Mound Bayou with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mound Bayou.

Pros And Cons Of Living In Mound Bayou, Mississippi

How do you know that living in -- or moving to -- Mound Bayou is right where you need to be? Perhaps you grew up in Mound Bayou or already live nearby; therefore, the decision to buy a home in Mound Bayou is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mound Bayou for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Mound Bayou:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mound Bayou.

Reasons To Move To Mound Bayou, Mississippi, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mound Bayou can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mound Bayou, meanwhile, can field multiple offers from more qualified buyers.

Mound Bayou, MS Short Sale Listings


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