39562, Moss Point, MS

Moss Point, Mississippi is located in the Gulf Coast region of the United States. The 39562 zip code covers a total area of 9.5 square miles and has a population of approximately 17,000 people. Home prices in Moss Point have increased significantly over the past few years, reaching an all-time high of $269,000 in December 2017. This increase has been largely due to increasing demand for housing in the area and limited supply.

The average home value in Moss Point is $154,200, which is higher than the statewide average of $123,700. The 39562 zip code has a lower percentage of homeownership than other areas within Mississippi, with 54% of households owning their homes compared to 68% statewide. This may be due to the fact that many residents are first-time homebuyers or are purchasing homes for investment purposes.

Despite this trend towards home ownership, there has been an increase in home equity loans in Moss Point over the past few years. In 2017 alone, there were 1,814 home equity loans issued within the zip code – an increase from 1,527 loans issued in 2016 and 1,236 loans issued in 2015. This rise may be related to rising house prices and increased access to credit; however it is also possible that more people are borrowing against their homes to cover unexpected costs or repairs.

Overall, it appears that homeownership rates and home values are increasing rapidly within Moss Point – although this may not be representative of all areas within Mississippi. Access to credit remains a key factor influencing housing prices and dynamics across the state; while further regulation on mortgage lending could dampen demand somewhat,.