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Why Are Houses So Cheap in Laurel Mississippi

Why Are Houses So Cheap in Laurel, Mississippi?

Laurel, Mississippi is a small city located in the southeastern part of the state. With a population of around 18,000 people, it may not be the first place that comes to mind when considering a move or investment in real estate. However, for those seeking affordable housing options, Laurel offers an abundance of opportunities.

There are several factors that contribute to why houses are so cheap in Laurel, Mississippi. In this article, we will explore these reasons and shed light on the potential benefits of investing in the housing market in this charming city.

1. Cost of Living: One of the primary reasons for the affordability of houses in Laurel is the low cost of living. Compared to the national average, the cost of housing, groceries, transportation, and healthcare in Laurel is significantly lower. This translates into lower home prices, making it an attractive option for individuals and families looking for affordable housing.

2. Rural Location: Laurel’s rural location also plays a significant role in the affordability of houses. Being situated away from major metropolitan areas, the demand for housing in Laurel is relatively lower. This creates a surplus of available homes, resulting in competitive pricing and lower overall costs.

3. Economic Factors: The local economy of Laurel is driven by industries such as manufacturing, healthcare, and retail. While these industries provide employment opportunities, they do not generate the same level of high-paying jobs as larger cities. Consequently, the average income of residents is lower, and housing prices reflect this economic reality.

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4. Housing Market Trends: Laurel, like many other small cities, experienced a decline in housing prices following the 2008 recession. While the national housing market has since recovered, some smaller cities are still catching up. This creates an opportunity for buyers to find affordable homes in areas like Laurel, where the market is still stabilizing.

5. Renovation Potential: Another factor contributing to the relatively low housing prices in Laurel is the availability of older homes in need of renovation. Many of these houses offer great potential for individuals looking to invest in fixer-uppers or those seeking a DIY project. By purchasing a cheaper home and investing in renovations, buyers have the opportunity to increase the property’s value over time.


Q: Is Laurel, Mississippi a safe place to live?

A: Yes, Laurel is generally considered a safe place to live. Like any city, it is always recommended to research specific neighborhoods and crime rates before making a decision.

Q: Are there good schools in Laurel?

A: Laurel is home to several public and private schools that provide quality education. The Laurel School District has been recognized for its commitment to academic excellence.

Q: What amenities are available in Laurel?

A: Despite its small size, Laurel offers a range of amenities including shopping centers, restaurants, parks, and recreational facilities. The city also hosts various community events and festivals throughout the year.

Q: How is the job market in Laurel?

A: Laurel’s job market is driven by industries such as healthcare, manufacturing, and retail. While the city may not offer the same level of employment opportunities as larger urban areas, there are still job prospects available.

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In conclusion, the affordability of houses in Laurel, Mississippi can be attributed to factors such as the low cost of living, rural location, economic conditions, housing market trends, and the potential for renovation projects. For those seeking an affordable place to live or invest in real estate, Laurel presents a promising opportunity.

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