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Affordable
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These days, finding an affordable place to live in the Redwater area can be challenging. Home prices in Redwater are now at a median cost of $132,993, lower than the Mississippi average of $183,008.
The average cost of rent is $750/mo in Redwater, primarily driven by the current value of real estate in the Redwater area. In Redwater, 23.94% of households rent, and 28.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redwater is $4,727 per month. Households that rent pay about 15.87% of their income on rent here. Redwater’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carthage, MS: equally priced homes
- Conway, MS: less expensive homes
- McAfee, MS: less expensive homes
- St. Ann, MS: less expensive homes
- Gill, MS: equally priced homes
- Freeny, MS: less expensive homes
- Piggtown, MS: equally priced homes
- Sunrise, MS: less expensive homes
- Ofahoma, MS: equally priced homes
- Renfroe, MS: less expensive homes
Cities with Similar Populations
- Pinecreek, MN: higher priced homes
- Pogue, PA: higher priced homes
- Plumfield, IL: less expensive homes
- Pleasant View, VA: higher priced homes
- Pleasant Grove, NC: higher priced homes
- Platten, NY: higher priced homes
- Plainview Colony, SD: higher priced homes
- Placid, TX: higher priced homes
- Pitkas Point, AK: less expensive homes
- Pisgah, IL: higher priced homes
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