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Affordable
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These days, finding an affordable place to live in the Redwood area can be challenging. Home prices in Redwood are now at a median cost of $146,807, lower than the Mississippi average of $183,008.
The average cost of rent is $799/mo in Redwood, primarily driven by the current value of real estate in the Redwood area. In Redwood, 16.22% of households rent, and 67.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redwood is $6,313 per month. Households that rent pay about 12.66% of their income on rent here. Redwood’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
- Haynes Bluff, MS: higher priced homes
- Bovina, MS: higher priced homes
- Newmans, MS: higher priced homes
- Smiths, MS: higher priced homes
- Vicksburg, MS: higher priced homes
- Eldorado, MS: less expensive homes
- Delta, LA: higher priced homes
- Edwards, MS: equally priced homes
- Phoenix, MS: equally priced homes
- Mound, LA: higher priced homes
Cities with Similar Populations
- Rouseville, PA: less expensive homes
- Orion, AL: less expensive homes
- Ostrander, WI: higher priced homes
- Otto, NY: equally priced homes
- Ozello, FL: less expensive homes
- Pahaska Tepee, WY: higher priced homes
- Paisley, OR: higher priced homes
- Palito Blanco, TX: higher priced homes
- Peerless, TX: higher priced homes
- Rose City, AR: less expensive homes
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