With financial changes and new regulations, many Americans are more than ever wondering, “When and where is the best time for me to buy?” Well, according to The Mississippi Business Journal, a national publication, it’s now cheaper to own in Mississippi than to rent. They quote a survey, done through Zillow, stating it was approximately $153 more per month to rent than to buy. This is quite a difference and that same survey reports that the average rent pricing in Mississippi was $1,039 in comparison with monthly mortgage rates averaging at $886. This data helps homeowners to make informed decisions about when and where to own a home. Mississippi is proving to be not only an ideal place to own, but now is a financially beneficial time to do so.
As Mississippian’s it is crucial to not only know this great state as home, but to be aware of its benefits for homeowners. Mississippi is one of the most ideal states for building and owning a home with the mortgage rates to prove it.
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