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These days, finding an affordable place to live in the Gum Springs area can be challenging. Home prices in Gum Springs are now at a median cost of $80,584, lower than the Mississippi average of $183,008.
The average cost of rent is $694/mo in Gum Springs, primarily driven by the current value of real estate in the Gum Springs area. In Gum Springs, 28.20% of households rent, and 64.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gum Springs is $2,934 per month. Households that rent pay about 23.64% of their income on rent here. Gum Springs’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Forest, MS: higher priced homes
- Hillsboro, MS: less expensive homes
- Harperville, MS: higher priced homes
- Hays, MS: less expensive homes
- Usrytown, MS: higher priced homes
- Sebastopol, MS: equally priced homes
- Norris, MS: higher priced homes
- Lake, MS: higher priced homes
- Conehatta, MS: higher priced homes
- Raworth, MS: higher priced homes
Cities with Similar Populations
- Morris, IN: higher priced homes
- Peru, MA: higher priced homes
- Opine, AL: higher priced homes
- Olney Springs, CO: higher priced homes
- Odell, NE: higher priced homes
- North Santee, SC: higher priced homes
- Nixon, NV: higher priced homes
- Newland, VA: higher priced homes
- New Haven, IL: higher priced homes
- Nenana, AK: higher priced homes
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