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Affordable
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These days, finding an affordable place to live in the Shipman area can be challenging. Home prices in Shipman are now at a median cost of $162,307, lower than the Mississippi average of $183,008.
The average cost of rent is $875/mo in Shipman, primarily driven by the current value of real estate in the Shipman area. In Shipman, 13.90% of households rent, and 50.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shipman is $5,701 per month. Households that rent pay about 15.34% of their income on rent here. Shipman’s most expensive areas are in the southern 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
- Vernal, MS: less expensive homes
- Lucedale, MS: equally priced homes
- Latonia, MS: less expensive homes
- Moffet, AL: equally priced homes
- Bexley, MS: less expensive homes
- Wilmer, AL: equally priced homes
- Merrill, MS: less expensive homes
- Sidney, AL: equally priced homes
- Chunchula, AL: equally priced homes
- Citronelle, AL: equally priced homes
Cities with Similar Populations
- Albion, ME: higher priced homes
- Yonkers, OK: equally priced homes
- Yolo, CA: higher priced homes
- Worthington, MA: higher priced homes
- Wooster, IN: higher priced homes
- Woodville, MI: higher priced homes
- Wilton, ND: higher priced homes
- Whiting, IA: equally priced homes
- Wheatland, IA: equally priced homes
- Westtown, PA: higher priced homes
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