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Buying the Most Affordable Real Estate in the Country

Aug 9, 2008
Even though Mississippi has some of the richest soil and beautiful landscapes in the country, it is very affordable to live there. In fact, Mississippi real estate has the lowest median home price of all fifty states. For example, while the national average price for a home hovers right around $200,000, home prices in Mississippi are usually about $135,000 or even $80,000 in cities like Greenville.

In addition to being affordable, Mississippi real estate is also very diverse. With land making up the most plentiful resource in the state, it is easy for investors to find small or large lots for building homes or larger development projects. If you don't want to take the time or extra money to build, there are plenty of existing single family homes, condos and apartments to choose from as well. Although rents are also low in the area, it would be better to buy your own real estate and build up equity than rent; especially with many investors speculating that the Mississippi economy is about to make a comeback.

At present, the median income for a household in Mississippi is rarely higher than $32,000 and industry isn't very diverse, but the state government is making a conscious effort to bring in new business and the cost of living in the area is still very low.

With the overhead and operation costs staying so low there are several industries that could set up successful headquarters in Mississippi. For example, lumber, paper, furniture and construction companies could benefit from the large forests across the state while agricultural development is attracted by the rich alluvial soil produced by so many rivers running through the state. Hunting and other forms of outdoor recreation like hiking, camping, fishing, swimming and boating could make the state a great place for a resort as well.

With other parts of the country running out of space, the time to buy Mississippi real estate has arrived. The first step to buying land in Mississippi, is to narrow your search down by region. After all, the hills, pines, capital, delta and coastal regions all have unique geographical characteristics that suit them for different kinds of use.

With so many listings to choose from, you will probably need the assistance of a local Realtor as well. They can speed up the process of selecting the right real estate and help with negotiations and closing once you've found what you're looking for.
About the Author
If you are looking for the most qualified Realtors in Mississippi, you can find what you're looking for at RE/MAX (http://remax-mississippi.com/). They will always be able to show you the most current listings on the Mississippi real estate market. The author, Art Gib, is a freelance writer.
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