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Affordable
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These days, finding an affordable place to live in the Shannon area can be challenging. Home prices in Shannon are now at a median cost of $146,472, lower than the Mississippi average of $183,008.
The average cost of rent is $852/mo in Shannon, primarily driven by the current value of real estate in the Shannon area. In Shannon, 21.78% of households rent, and 54.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shannon is $4,189 per month. Households that rent pay about 20.34% of their income on rent here. Shannon’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pine Grove, MS: less expensive homes
- Old Union, MS: equally priced homes
- Verona, MS: equally priced homes
- Plantersville, MS: equally priced homes
- Nettleton, MS: less expensive homes
- Richmond, MS: less expensive homes
- Troy, MS: less expensive homes
- Tupelo, MS: higher priced homes
- Zion, MS: equally priced homes
- Furrs, MS: less expensive homes
Cities with Similar Populations
- Autryville, NC: higher priced homes
- Buchanan, VA: higher priced homes
- Chunchula, AL: higher priced homes
- DeLeon, TX: less expensive homes
- Dry Prong, LA: higher priced homes
- Grapeview, WA: higher priced homes
- Sautee Nacoochee, GA: higher priced homes
- Osseo, WI: higher priced homes
- Newtown, OH: higher priced homes
- Pecatonica, IL: higher priced homes
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