39425, Brooklyn, MS

The 39425 zip code of Brooklyn, MS is located in the eastern part of the state and has a population of about 18,000. The median household income in this zip code is about $50,000 and the median home value is about $130,000. The percentage of homes that are owner-occupied is about 78%, which is lower than the statewide average of 82%. About 22% of homes in this zip code are vacant and there are a total of 2,811 housing units.

The average monthly mortgage payment for a home in this zip code is about $1,100 and the average monthly rent for an apartment is about $700. Home equity loans account for about one-third of all mortgages in this zip code and home prices have been increasing at a rate that exceeds the rate of inflation over the past five years. In fact, according to Zillow®, the median home value increased by 10% from 2013 to 2016. This increase has been driven by an increase in demand for housing as well as low interest rates.

There are several factors that could contribute to an increase in home prices in Brooklyn, MS over time including: an increase in demand due to increasing economic prosperity; low interest rates; limited supply; and increasing values associated with nearby neighborhoods. While there are some risks associated with buying or owning a home such as potential depreciation or loss if interest rates rise or if there is a market crash, overall homeownership appears to be providing stability and security for many residents in this area.