The Most Affordable Neighborhoods in Electric Mills, MS by Home Value

 

Electric Mills, MS Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Electric Mills area can be challenging. Home prices in Electric Mills are now at a median cost of $75,900, lower than the Mississippi average of $145,564.

The average cost of rent is $402/mo in Electric Mills, primarily driven by the current value of real estate in the Electric Mills area. While nearly 69.35% of residents own their homes outright in Electric Mills, 29.19% rent.

Housing affordability isn’t just about home prices, though. The average household income in Electric Mills is $3,367 per month. Households that rent pay about 11.94% of their income on rent here. Electric Mills's most expensive areas are in the northeastern regions, while the cheapest areas are in the northeastern parts of the city.


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