Greenwood, MS

The Greenwood, MS metropolitan statistical area (MSA) is located in the heart of the Mississippi Delta and is known for its agriculture and forestry industries. The MSA is also home to a number of colleges and universities, including the University of Mississippi, which is located in Oxford.

The MSA has a population of approximately 150,000 people and a median household income of $41,000. The median home value in the MSA is $129,000, which is lower than the national median home value of $181,000. However, homes in the MSA have been appreciating at a faster rate than homes nationwide. In the past year, home values in the MSA have increased by 6%, while nationwide home values have only increased by 3%.

There are several factors driving this appreciation. First, job growth in the MSA has been strong. The unemployment rate in the MSA was 4% in February 2019, which is below both the national unemployment rate of 4.1% and the state unemployment rate of 5%. Second, population growth in the MSA has been strong as well. Between 2010 and 2017, the population of the MSA grew by 7%, while nationwide population growth was only 9%. This population growth is likely due to people moving to the area for jobs or for retirement.

If you are thinking about buying a home in Greenwood or anywhere else in Mississippi Delta region, now may be a good time to do so. Home values are expected to continue to appreciate as job growth remains strong and more people move to