The Most Affordable Neighborhoods in Gum Springs, MS by Home Value

 

Gum Springs, MS Map of Most Affordable Neighborhoods
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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 $63,267, lower than the Mississippi average of $145,564.

The average cost of rent is $588/mo in Gum Springs, primarily driven by the current value of real estate in the Gum Springs area. While nearly 68.72% of residents own their homes outright in Gum Springs, 28.59% rent.

Housing affordability isn’t just about home prices, though. The average household income in Gum Springs is $3,488 per month. Households that rent pay about 16.87% 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.


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