39042, Brandon, MS

Brandon, MS is located in the 39042 zip code. The median home value in this zip code is $147,000. The median home equity value in this zip code is $123,000. Home prices have increased by 5% over the past year.

There are a number of factors that could be contributing to the increase in home prices in Brandon, MS. One reason may be that there has been an influx of new residents into the area due to the growth of businesses and jobs in Brandon. Additionally, many people are purchasing homes for investment purposes or to live in rather than rent.

Another factor that could be contributing to the increase in home prices is low interest rates. This makes it more affordable for people to borrow money to purchase a home and also makes it more likely that people will be able to afford a mortgage on a property they want to buy. Low interest rates can also lead to an increase in demand for homes because people who want to buy a home can afford to do so even if they don’t have much money saved up already.

Despite these positive trends, there are still some risks associated with buying a home in Brandon, MS. One risk is that prices may continue to rise faster than inflation over the long term which could make it difficult for people who bought homes at or near their peak values years ago to keep up with their payments and maintain their property values. Additionally, if there are any major economic downturns or housing market crashes (which have happened before), then homeowners who were not prepared for such events may find themselves struggling financially and losing their homes altogether