38631, Friars Point, MS

The 38631 zip code of Friars Point, MS is located in the Gulf Coast region of Mississippi. The median home value in this zip code is $123,000 and the median home equity is $111,000. Home prices have increased by 5.5% over the past year and 9.8% over the past three years. The average price per square foot in this zip code is $104 which indicates that homes are generally selling for above market value.

There are a number of factors contributing to the increase in home values in this zip code including an influx of new residents due to the growth of nearby casinos and a growing economy overall. Additionally, many homeowners have been able to refinance their mortgages at lower interest rates which has helped to boost their equity levels even further. In addition, there is little competition for homes on the market which has helped to keep prices high relative to other areas within Mississippi.