Home Price Key
Affordable
Average
Expensive
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 $108,145, lower than the Mississippi average of $145,564.
The average cost of rent is $754/mo in Shannon, primarily driven by the current value of real estate in the Shannon area. While nearly 58.41% of residents own their homes outright in Shannon, 22.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shannon is $4,298 per month. Households that rent pay about 17.54% of their income on rent here. Shannon's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
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: equally priced homes
- Tupelo, MS: higher priced homes
- Zion, MS: higher priced homes
- Furrs, MS: higher priced homes
Cities with Similar Populations
- Autryville, NC: equally priced homes
- Buchanan, VA: higher priced homes
- Chunchula, AL: higher priced homes
- DeLeon, TX: equally priced 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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