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Affordable
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These days, finding an affordable place to live in the Banner area can be challenging. Home prices in Banner are now at a median cost of $108,678, lower than the Mississippi average of $183,008.
The average cost of rent is $755/mo in Banner, primarily driven by the current value of real estate in the Banner area. In Banner, 7.30% of households rent, and 77.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Banner is $4,774 per month. Households that rent pay about 15.81% of their income on rent here. Banner’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Paris, MS: higher priced homes
- Sarepta, MS: equally priced homes
- Ellard, MS: higher priced homes
- DeLay, MS: higher priced homes
- Bruce, MS: less expensive homes
- Robbs, MS: equally priced homes
- Velma, MS: equally priced homes
- Yocona, MS: higher priced homes
- Toccopola, MS: higher priced homes
- Water Valley, MS: higher priced homes
Cities with Similar Populations
- Thick, TN: higher priced homes
- Hunters, WA: higher priced homes
- Goldbug, KY: higher priced homes
- Sundale, OH: higher priced homes
- Ingleside, NY: higher priced homes
- Irwin, ID: higher priced homes
- Donegal, MS: less expensive homes
- Ninemile, MT: higher priced homes
- Johnsville, TX: higher priced homes
- Kaupo, HI: higher priced homes
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