Home Price Key
Affordable
Average
Expensive
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 $160,715, higher than the Mississippi average of $145,564.
The average cost of rent is $838/mo in Redwood, primarily driven by the current value of real estate in the Redwood area. While nearly 39.61% of residents own their homes outright in Redwood, 17.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Redwood is $6,012 per month. Households that rent pay about 13.94% of their income on rent here. Redwood's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Haynes Bluff, MS: equally priced homes
- Bovina, MS: equally priced homes
- Newmans, MS: equally priced homes
- Smiths, MS: less expensive homes
- Vicksburg, MS: less expensive homes
- Eldorado, MS: equally priced homes
- Delta, LA: equally priced homes
- Edwards, MS: less expensive homes
- Phoenix, MS: less expensive homes
- Mound, LA: equally priced homes
Cities with Similar Populations
- Rouseville, PA: less expensive homes
- Orion, AL: less expensive homes
- Ostrander, WI: higher priced homes
- Otto, NY: less expensive homes
- Ozello, FL: less expensive homes
- Pahaska Tepee, WY: higher priced homes
- Paisley, OR: less expensive homes
- Palito Blanco, TX: less expensive homes
- Peerless, TX: equally priced homes
- Rose City, AR: less expensive homes
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