Mississippi is the thirty-second largest state by area, with a population of 2,986,530 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Mississippi. Once a French and Spanish colony, Mississippi became a part of the United States in 1797 following the Revolutionary War. Mississippi's early economy was primarily dependent on the cultivation of cotton, which fueled plantation and slavery. Slavery was eventually abolished in Mississippi when President Abraham Lincoln issued the Emancipation Proclamation in 1863.
Today, Mississippi's economy has a GDP of $115 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: agriculture, manufacturing, fishing, gambling, and oil and gas. Many of the leading companies have their headquarters in Mississippi, including Sta-Home Health & Hospice, Sanderson Farms, and Commerce Bancorp LLC, to name a few.
The most recognized cities in Mississippi are Jackson, Tupelo, and Hattiesburg.
Jackson is the capital of Mississippi and has a population of 170,393. Jackson is home to the Mississippi Museum of Natural Science, LeFleur's Bluff State Park, Mississippi State Capitol, and Mississippi Civil Rights Museum. Over the last ten years, Jackson's housing market has depreciated by 2.77%. When compared to the rest of the nation, Jackson's housing prices are more affordable, with the median home price of $88,700 and a median rent of $792.
Tupelo is located in northeastern Mississippi and has a population of 38,321. Tupelo is home to Elvis Presley Birthplace, Tupelo Buffalo Park & Zoo, and Tombigbee State Park. Over the last ten years, Tupelo's housing market has appreciated by 1.14% annually. When compared to the rest of the country, Tupelo's housing prices are significantly less, with the median home price of $138,100 and a median rent of $709.
Hattiesburg is in the southern part of Mississippi and has a population of 46,495. Hattiesburg is home to the Hattiesburg Zoo, Paul B Johnson State Park, and Mississippi Armed Forces Museum. Over the last ten years, Hattiesburg's housing market has appreciated by 1.12% annually. When compared to the rest of the nation, Hattiesburg's housing prices are less expensive, with the median home price of $104,200 and a median rent of $758.
|Single Family Homes for sale in Mississippi|
|Average List Price||$244,080|
|Average Price Per Square Feet||$163|
|Condos for sale in Mississippi|
|Average List Price||$236,966|
|Average Price Per Square Feet||$162|
|Townhomes for sale in Mississippi|
|Average List Price||$276,221|
|Average Price Per Square Feet||$157|