Simpson County, Mississippi is a great place to invest in real estate. The county has a population of over 24,000 people and is growing at a rapid pace. The median home value in Simpson County is $129,900, which is a 4.4% increase from last year. The median rent price in Simpson County is $850, which is also a 4.4% increase from last year.
There are many reasons to invest in Simpson County real estate. One reason is that the county has a very low cost of living. In fact, the cost of living in Simpson County is 18% lower than the national average. This means that your money will go further when you live in Simpson County than it would if you lived in most other parts of the country.
Another reason to invest in Simpson County real estate is that the county has a very strong job market. The unemployment rate in Simpson County is only 3%, which is much lower than the national average of 5%. This means that there are plenty of jobs available for those who want to live and work in Simpson County.
If you're looking for an innovative way to invest in real estate, consider investing in one of the many new developments popping up around Simpson County. These developments are usually located near major highways or interstates, making them convenient for commuters and travelers alike. Many of these developments offer amenities such as swimming pools, fitness centers, and clubhouse facilities that make them attractive to potential tenants or buyers.
If you're looking for a more traditional investment opportunity, there are also many fixer-upper homes available in Simpson County at bargain prices. These homes may need some work but they offer a great opportunity for investors who are willing to put in the time and effort to renovate them into beautiful properties that can be rented out or sold at a profit later on down the road
Price Index: Jackson, MS