2023 Forbes Media LLC. Laurel cost of living is 72.0 100=National Average AVERAGE RENT BY BEDROOM SIZE How Safe Is Mississippi State University? $3.59According to the USDA, the average gallon of whole milk is $3.59 a gallon.Average Price Of Milk In Every State. Subject to appraisal. New York10 States Where Real Estate Agents Earn The Most Money. Transportation costs are the lowest in the nation. The National Association of Home Builders estimates that new homes are being constructed at a rate of 1.42 million per year, which Gay Cororaton, senior economist and the director of housing and commercial research at the National Association of Realtors (NAR), said is not sufficient to address the current shortage. Bathrooms: 2. But Covid-19 only accelerated a supply issue thats underpinned the market since as far back as the last financial crisis. If you are looking for a good, affordable home to turn into your dream home, then look no further. The median necessary living wage across the entire US is $67,690. Erin and Ben Napier have showcased their love for their small town of Laurel, Mississippi, for HGTVs Home Town since 2016, finding historical homes and redecorating them with modern and affordable updates. The home she bought was a diamond in the rough, she says. The median list price in Laurel currently sits just below $100,000, so its easy to see why budget-conscious home buyers cant help but entertain the idea of living in Laurel. ft, this home offers a living area, den, dining room, 2 bedrooms, 1 additional bedroom (no closet) or office space, big laundry room, 2.5 baths, patio, double attached garage & shed! This home features 3 bedrooms and 1 bath, ATTENTION Quick, act fast, before it's too late. Fresh paint inside and out, new roof, flooring, cabinets, etc. Transportation Car-Dependent 43 out of 100 WalkScore Rating The charming town of Laurel, Mississippi came to prominence as the yellow pine capital but most recently has appeared on the hit HGTV show Home Town, which premiered in 2016. , HVAC is 3 years old. Here is our travelers' best-rated budget-friendly hotel: Econo Lodge Laurel. The price of a median, single-family home is $140,818. Redfin is redefining real estate and the home buying process in Laurel with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers. 'Flip or Flop' Star Tarek El Moussa Sells His Own Costa Mesa, CA, Home for $2.7M, Renovation Delayed? . While we adhere to strict Two home on 1.25 acres of land. Information provided on Forbes Advisor is for educational purposes only. New lot; buyer to collect tax estimate. For DIY-ers, a tiny, two-bedroom home listed for $65,000 is a big renovation project. Along with a commitment to provide our customers the lowest prices and a wide range of housing options, we know it really comes down to trust, care, and dependability above all else.We're America's #1 Independent Manufactured Housing Retailer for a reason. Make an offer. Level lot off of Shady School Rd between Shady Oak Rd and Gavin Seals Rd fork. Low supply means high competition, and buyers seem to be willing to pay more to come out ahead in bidding wars, or remove contingencies to make their offers even more attractive. The nine-month project is at the finish line, and shes just listed the property for $169,000. What Airport Do You Fly Into For Starkville Ms? In the heart of Laurel Another driver has been the Covid-19 pandemic: people left tightly-packed cities for less-costly housing in suburban areas, or got tired of sharing small living spaces when their home also became their workspace during quarantine. As a result, the cost of a home is darn cheap here. The ants here in Mississippi definitely mean business. Nestled in the Country Club Hills, it features a deep bac, Use your imagination to make this brick building yours! You will receive a verification email shortly. Rent Trends As of February 2023, the average apartment rent in Laurel, MS is $391 for a studio, $724 for one bedroom, $856 for two bedrooms, and $946 for three bedrooms. Every Mississippian knows the problem: Young people, in search of high-quality education, high-paying jobs or more fulfilling lifestyles, have left Mississippi in droves in recent years. We talked with a few locals about the impact of Home Town on this modest central Mississippi town, population 18,000. Between the perfectly fried seafood and the variety of local specialties and creations, such as the slug burger, dieting is basically impossible here. With a population of just 18,338 residents, Laurel is the principal city of a micropolitan area, with approximately 83,000 residents between the Jasper and Jones counties. This housing shortage is the result of a few key factors according to Cororaton. The Roof is 3 years old. Completely remolded and ready to move in. She has received numerous awards and accolades for her work, including being named one of the "Top 10 Educators to Watch" by Education Week magazine. Five years after its renovation from the Napiers, the home offers prospective homebuyers a great deal. Here's your opportunity for a home site with plenty of space for ATV's, hunting, farming or gardening!! Additionally, the Napiers added a pergola-style outdoor area, window boxes, and general upkeep to the homes exterior. When I first moved here 15 years ago, I was aghast that they were selling these historical homes for just nothing, real estate agent Nedra Carter says. Laurel, MS 39440. Based on a January report from My Move, over 15.9 million people moved during the pandemic months, between March and July, according to USPS data. 'IE', 'Insured Escrow'. See store for more details on how you can get paid. From deer to alligators, theres no telling whats waiting outside your front door. Antonia is a firm believer in the power of education, and she is passionate about helping students reach their full potential. NICE LOT BEHIND THE WORKSHOP WHERE YOU COULD PLANT A GARDEN OR EVEN BUILD SOMETHING NEW. There is a tenant renting space for an RV at $200/moThis is a very well maintained property with room for expansion & much more income potential. The exterior was a bit run-down, with a sagging metal awning and a front porch that had been enclosed with glass door and windows. Home has 2 bedrooms upstairs and 2 bedrooms downstairs. 1,528 Sq. For starters, mortgage rates remain relatively low compared to historical trends. This 4 bed, 3 bath house is huge - perfect for a large family. Property has main house and apartment in the rear that can both be rented out. OnlyInYourState may earn compensation through affiliate links in this article. To have the impact of a nationally recognized TV show and the impact it has brought into the community is profound, Tucker says. Neat 2 story home located in North Laurel on a quiet dead end street. Meanwhile, housing supply remains tight: the number of homes for sale on a given day in February is 24.5% lower than last year. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The pandemic further exacerbated the situation as home building materials became harder to get and more costly. A new wave of Southern entrepreneurs has reversed the tide over the past decade or so. When you purchase through links on our site, we may earn an affiliate commission. Why are mortgage rates moving around so dramatically? A cost of living index above 100 means Laurel, Mississippi is more expensive. Home insurance is necessary for every home purchase that requires financing. Bankrate follows a strict Hotels.com has 2 cheap Laurel hotels, the right one is waiting for you! Forest Glenn will be gated. 3BR, 2 BATH HOME SITTING BACK OFF THE ROAD ON OLD BAY SPRINGS ROAD. Please see our. Mississippi paved the way for the rest of the nation with major medical advancements, such as the first human lung transplant, the first heart transplant, and first kidney autotransplant. Equal Housing Opportunity. Heres what drove the housing market to be as costly as it is today, and where the market is headed. Property is being sold as is, and it is priced to sell! Brokerage. While the current housing market is much harder to enter for first-time homebuyers and those with low-to-medium income, there are a few advantages to keep in mind. who ensure everything we publish is objective, accurate and trustworthy. Most homes for sale in Laurel stay on the market for 128 days. Listings, photos, tours, availability and more. Just look at how expensive it is to live in places like Los Angeles or Miami. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. Home has a separate office, beamed ceiling and fireplace in the Den. Todays real estate market is stacked against buyers to a certain extent. Are you sure you want to rest your choices? Our goal is to make your manufactured, mobile, or modular home buying experience easy, stress-free, and enjoyable (the way it should be.) What is the racial makeup of Mississippi? This means that people can afford to buy a house for less than they would in a more expensive area. And check out those super awesome retro, Investor Special! I like projects. Where are home prices dropping the fastest? By Antonia Leonard May 31, 2022 Land availability, low rent prices and access to the Gulf and highways for shipping make Mississippi the least expensive place to live in the U.S., Cole said. Nice back covered patio for grilling or just being outside, New roof. The turn-of-the-20th-century timber industry contributed a great deal to Laurel's growth - it's part of the "Pine Belt" - and I'd love to think today's fixer-upper showcases some beautiful local woods. Mississippi played a huge role in the Civil War. The bathrooms have all been updated with new granite countertops and sinks. Andrea Riquier is a New York-based writer covering mortgages and the housing market for Forbes Advisor. Our top-rated real estate agents in Laurel are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Laurel. Great location thats convenient to everything. Our editorial team does not receive direct compensation from our advertisers. Right now, about 150 homes are on the market in Laurelbut bargain hunters should be aware that Home Town has already had an effect on the housing stock. What Are The Top Tier Sororities At Mississippi State? Typically if you reach retirement age, you might go into a retirement home, releasing that supply of housing to the younger buyer, but older people are staying in their homes longer, so thats not increasing the supply of homes out there.. In the past month, 1 home has been sold in Laurel. Master bath has separate shower and soaking tub and a VERY LARGE master closet. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Nice 3br 2ba 1248 sq ft home in the city of Laurel. Being sold '', This is a 1043 square foot single family home has 2BR/1BA. He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy. The state is filled with amazing cities that have topped national lists for things like livability, safety, job growth, and more. A house that would have sold for $30,000 when they started the show is now up in the $70,000 range, says Carter. You just love to turn a run-down old houseinto a beautiful showplace, she says. BUILT WITH 1960'S QUALITY, IT'S AN OLD-FA, This is a 1043 square foot single family home has 2BR/1BA. Drawn to the area because of the show, she and her husband now own a historic Craftsman beautifully restored by the Napiers. Being sold ''as is / where i. process and giving people confidence in which actions to take next. Compared with all other states, Mississippi has the second lowest overall cost of living. Copyright: 2023 Redfin. Let us show you why. Our selection of cheap hotels makes Laurel popular among budget-conscious visitors looking for a vacation to remember. Also drawn in by the show, Jill Mangone-Russo up and moved to Laurel a year ago. New flooring. The Napiers sell merchandise from their local stores and have a spinoff show titled Home Town Takeover in the works. 2 years today since our pilot episode aired. of HUD. The partially fenced yard is perfect to let your fur babies run around. Built in 1910, its listed on the Mississippi Historical Registry and was owned by William Carroll Gartin, Laurels mayor in the 1960s and a three-term lieutenant governor of Mississippi. The house had to be completely renovated.. One reason is that the cost of living is relatively low in the area. That TV show gets you going.. Almost new Single Wide Mobile Home-Living Room and playroom as well as 3/2-Large front porch to convey as well. Low mortgage rates mean the average buyer can afford a larger loan, which is further driving prices up, and limited supply is increasing competition. Located in West Jones School District. But this compensation does not influence the information we publish, or the reviews that you see on this site. My favorite features about this house are all of the living spaces, Edwards shared. The decorative wood brackets add . A MUST SEE HOME! Here in Mississippi, we like our tea cold and sweet. An amount below 100 means Laurel is cheaper than the US average. Metro Area: Laurel Metro Area. We'd love to hear from you, please enter your comments. Mississippi is the cheapest state to live in in the United States. Home Town follows married couple Ben and Erin Napier as they help create the perfect homes for their fellow residents of Laurel, Mississippi. What Was The Original Name For Mississippi State University. As the Freddie economists note, there are 72 million people in this generation, the largest since the Baby Boomers. Set your appointment today. But by the 1990s the lumber trade was long gone and the downtown was abandoned. Most homes for sale in Laurel stay on the market for 128 days. This house is ready for you to call it home. Housing costs in Mississippi are the lowest in the nation. Claudine Zap covers celebrity real estate, housing trends, and unique home stories. Zach Wichter is a former mortgage reporter at Bankrate. Laurel is home to approximately 18,420 people and 16,432 jobs. Real Homes is part of Future plc, an international media group and leading digital publisher. Fenced & cross fenced, barn, pond, 1200 sq. All rights reserved. In the years since, shes had the privilege of having her articles appear in several publications, such as Parents & Kids Magazine and Girl Meets Strong. Large master suite and plenty of gathering space. . The offers that appear on this site are from companies that compensate us. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. BEAUTIFUL PLACE TO WATCH THE SUNRISE IN THE MORNING AND THE SUNSET IN THE EVENING. Specifically, the state's low cost of housing. Check out the breath-taking decor kitchen with new quartz . We found 87 active listings for single family homes. Our experts have been helping you master your money for over four decades. How to deep clean an apartment and keep it looking fresh, The viral TikTok office chair is FINALLY back in stock. Future Publishing Australia ABN: 96 734 906 323 | PO Box 1077, Mount St, COME TAKE A LOOK FOR YOURSELF. "I. READ REDFIN'S FAIR HOUSING POLICY. 38 percentIn 2019, 38 percent of Mississippi residents were Black or African American. And the beautiful mural on the side of a once-dilapidated building? Lot Size: 150X140 With the ultimate small-town vibe, the show makes us feel like we, too, live in Laurel. In addition to this there are multiple museums such as Kirby Memorial Museum where visitors can learn about local history through artifacts from the Civil War period. Get price drops notifications & new listings right in your inbox! As the house stands currently, it hosts a great deal of space, including an open kitchen, two living rooms, and a formal dining room. Additionally, the housing market in Laurel is not as competitive as it is in other parts of the country. NO VIEWINGS of this property. Do you have interest in one of our homes? In many ways, theyre catalysts, Rhonda Phillips says about the reality TV couple. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. She and her husband, Jay Stein, appeared on Season 4 of the show. Gulfport houses stay in the market around 102 days. LOCATION, LOCATION, LOCATION! And it has a pool! In the next three to five years were still going to be experiencing tight housing supply, she said. HUD Homes are sold AS-IS. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Plan ahead, plan when you think youre going to buy a home. See what this Laurel, MS. house from HGTV's Home Town looks like today (and make it yours for under $200,000). Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%). According to Erin's Instagram story, the Hurts are being transferred back to Virginia for work. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. IN ADDITION TO THE SATISFACTION OF RESTORING Its ORIGINAL LUSTER, YOU'LL HAVE THE JOY OF LIVING CLOSE TO SHOPS, GROCERY STORES, CHURCHES, AND SCHOOLS. Bankrate.com is an independent, advertising-supported publisher and comparison service. Please refresh the page and try again. If you're looking to sell your home in the Laurel area, our listing agents can help you get the best price. In a state known for its friendly residents, you can expect to engage in some small talk just about anywhere you goand its great. Laurel is a minimally walkable city in Jones County with a Walk Score of 31. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. How much money do you need to live comfortably in Mississippi? County: Jones County. Must see to appreciate. Here's an explanation for how we make money The duo have become the biggest and most well-known boosters for the city of Laurel. Laurel is a minimally walkable city in Jones County with a Walk Score of 31. A lot of outsiders are unaware of this fact, which is quite alright because the last thing we need is a ton of people swarming to our state. 2923 N 7th Ave unit WeBuyHousesSwift.com, Laurel, MS 39440. The inventory of homes for sale in January 2021 fell nearly 26 percent compared with January 2020, the National Association of Realtors reports. TREC:Info About Brokerage Services,Consumer Protection Notice. Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. Major employers in the area include Sanderson Farms, Masonite International, and Thermo-Kool. The home you have been waiting for at a price you can afford. Information is deemed to be reliable but not guaranteed. You can also work with a mortgage broker to help you cast a wide net for mortgage offerings and get you started on the application process. WEICHERT REALTORS - INNOVATIONS $5,995 -- bds -- ba -- sqft - House for sale 329 days on Zillow W 27th St, Laurel, MS 39440 TOM SMITH LAND & HOMES $12,000 -- bds -- ba -- sqft - New construction 157 days on Zillow 2 Larkmeade, Laurel, MS 39440 EXIT SOUTHERN REALTY $40,000 -- bds -- ba -- sqft - House for sale 396 days on Zillow Some builders went out of business, and with a glut of empty houses from the bubble years sitting empty, others were reluctant to start building again. As soon as I saw what they were doing, my first thought was, Oh this town is going to blow up, Mangone-Russo says. Zillow, Inc. holds real estate brokerage licenses in multiple states. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. This rare gem will not last long! She has worked in schools all over the world, and has developed groundbreaking curricula that have helped countless students excel. Located in West Jones School District. Thanks & Welcome to the Forbes Advisor Community! And, Cororaton said, you need to make sure youre saving up to cover your closing costs and other moving-related expenses, too. When youre ready to buy your home, have realistic expectations, Cororaton said. From finding an agent to closing and beyond, our goal is to help you feel confident that you're making the best, and smartest, real estate deal possible. Is it cheaper to live in Florida or Mississippi? Power and water are available. Not only are the mosquitoes huge, theyre relentless. 3 bedroom, 3-bathroom home on a quiet street. Check out how our partner Point2 can help you generate more leads by making your listings and profile stand out. Thank you for signing up to Realhomes. And while its important to keep watching online housing listings like Redfin, Zillow and Realtor.com, getting the right real estate agent will help you narrow down your search and ultimately, find the best home deal for you. COME TAKE A LOOK! A few years later, their work began to receive notice. #iliveinlaurel, A post shared by Erin Napier (@erinapier) on Jan 24, 2018 at 5:50pm PST. But if youd rather move right in and leave the work to someone else, theres a turnkey cottage located in the downtown historic district available for $112,000. Further, fans of the Napiers should explore the famed Laurel Central Historic District, with some of the most intact homes of early 20th century architecture in the state many of which have been admired and restored on the show. The long held tradition is definitely a bit on the noisy side. Laurel became a thriving cultural and industrial hub and boasts the states oldest art museum, the Lauren Rogers Museum of Art. Both homes have 2 bedrooms and 1 bath and are move in ready. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. She was previously at Dow Jones MarketWatch, on the housing market and financial markets beats. After graduating from the University of Southern Mississippi, Daniella began to hone her writing skills through various internships, working for The Royal Obsession and Anatomie clothing. This is your guide to discovering Laurel, Mississippi, the official filming location for Home Town on HGTV, starring Laurel's own Erin and Ben Napier. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. As a result, homebuyers are unlikely to get relief from rising prices anytime soon. It's filled with large mature hardwoods and plenty of room to build the home of your dreams.