38732, Cleveland, MS

The 38732 zip code of Cleveland, MS is located in the southeastern region of the state and includes a population of approximately 113,000. Home prices in this area have been increasing steadily over the past few years, reaching a peak in 2017 before beginning to decline in 2018. At present, home prices are estimated to be $130,000 on average.

There are several factors that have contributed to the increase in home prices in this area. First and foremost is the strong economy; as more people have jobs and incomes continue to grow, they are more likely to purchase homes. Additionally, there is a high demand for housing due to the presence of major corporations such as Toyota and Nissan plants nearby. Finally, there has been an influx of new residents into Cleveland over the past few years; this has led to increased competition for available homes and increased prices.

Despite these positive trends, there are some risks associated with buying a home in Cleveland. First and foremost is the fact that interest rates are currently very low; if interest rates rise significantly (which they could at any time), it could make it difficult for homeowners who owe large amounts of money on their mortgages to stay in their homes. Additionally, although crime rates have decreased overall over recent years, they remain higher than average levels in certain parts of Cleveland – particularly near busy roads – which could make it difficult for homeowners to feel safe living in their homes.