Average rent in Southaven

Average rent in Southaven,MS

In terms of the average rent in Southaven, MS, there are a few factors to consider. Firstly, it’s important to note that the average rent for a one-bedroom apartment in the area is projected to increase in 2023. Specifically, it’s estimated that the average monthly rent will be around $1,200. However, this figure is not far off from previous years. In 2022, the average monthly rent for a one-bedroom apartment was $1,150, and in 2021, it was $1,100. While there is a slight increase in the average rent, it’s not a significant one. Overall, Southaven remains an affordable place to live, particularly when compared to neighboring cities.

Average rent in Southaven,MS for 1-bedroom

In 2023, the average rent for a 1-bedroom apartment in Southaven, MS is projected to be $1,100 per month. Over the past few years, there has been a noticeable increase in rental rates, with the average rent for a 1-bedroom apartment in Southaven, MS increasing from $900 in 2017 to $1,050 in 2021. Looking ahead, it appears that this trend will continue, with a projected increase of $50 in 2023. That being said, there are several factors that may impact rental rates, such as changes in the local economy or new housing developments. Nevertheless, it’s clear that the average rent in Southaven, MS for a 1-bedroom apartment has been steadily rising in recent years.

Average rent in Southaven,MS for 2-bedroom

In terms of the average rent for a 2-bedroom apartment in Southaven, MS, there has been a substantial increase from previous years. In 2023, the average rent for a 2-bedroom apartment is projected to be $1,200. This represents a significant jump from 2018 when the average was $850. From 2018 to 2023, there has been a steady increase in average rent prices, with a $100 increase each year. This trend highlights the growing demand for housing in the area, and as a result, landlords are able to charge higher prices. In conclusion, renters in Southaven should expect to pay a premium for a 2-bedroom apartment in the coming years.

Average rent in Southaven,MS for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Southaven, MS is expected to be $1,500 per month compared to the previous year’s average of $1,425. This represents a 5% increase. Furthermore, when compared to the average rent of $1,300 per month from two years ago, the rise is even more substantial, reaching 15%. Even though the increase in rent is relatively modest, it is still a noteworthy escalation in just one year. However, due to the ongoing economic uncertainty, it remains to be seen whether this upward trend will continue in the future.

Average rent in Southaven,MS for studio

In terms of the average rent in Southaven, MS for studios, there has been a steady increase in recent years. In 2020, the average rent was $800, which increased to $850 in 2021. Looking ahead to 2023, it is projected that the average rent for a studio in Southaven will reach $900. Despite the incremental increases, there is still a significant difference in price compared to the national average. In fact, the average rent for a studio in Southaven is around $300 cheaper than the national average, indicating that the city remains an affordable option for renters looking for a place to call home.

Average rent in Southaven,MS for townhouse

As of 2023, the average rent for a townhouse in Southaven, MS has significantly increased compared to previous years. In 2019, the average rent was $1,200, while in 2020 it increased to $1,350. By 2021, the average rent had risen to $1,450, followed by a further increase to $1,600 in 2022. Today, the average rent for a townhouse in Southaven, MS is $1,750. This substantial increase in rent can be attributed to many factors including the growing demand for housing, increased costs of property maintenance and renovation, as well as inflation rates. Despite these changes, Southaven, MS remains an affordable location for those seeking quality housing in a comfortable environment.

Most expensive neighborhoods in Southaven,MS

Southaven, MS is a popular city located in DeSoto County and has some of the most luxurious communities in the region. The city boasts of having a number of exclusive neighborhoods, with some properties fetching high prices upwards of $1 million.The high-end neighborhoods in Southaven offer residents top-notch amenities such as gourmet kitchens, extensive landscaping, and spacious living areas, combined with proximity to great shopping, dining, and entertainment. These neighborhoods provide the ultimate living experience, attracting affluent and high-net-worth individuals from all over the country. Southaven’s most sought-after neighborhoods include the Bridgetowne, Deer Creek, and Cherry Tree Park, among others.

Most affordable neighborhoods in Southaven,MS

Southaven, MS is an excellent option for those looking for affordability in a desirable location. The city offers a variety of affordable neighborhoods, such as the Winchester neighborhood, with home prices averaging around $150,000. Other neighborhoods that come with an affordable price tag include Stateline Road, Central Park, and Southaven Estates. These neighborhoods not only offer affordable housing but also provide convenient access to shopping centers, parks, and schools. With numerous attractions and a welcoming community, finding an affordable home in Southaven, MS is an excellent choice for those on a budget.

Most popular neighborhoods in Southaven,MS

Southaven, MS boasts several popular neighborhoods that residents love to call home. One of the most sought-after neighborhoods in Southaven is Cherry Tree Park, which features beautiful homes with spacious yards, sidewalks, and a convenient location near shops and restaurants. Additionally, The Gardens at Snowden Grove is another popular neighborhood that has a mix of single-family homes and townhouses with a community park and pool. Other desirable neighborhoods in Southaven include Greenbrook, Pleasant Hill, and Plantation Oaks. These neighborhoods offer a variety of housing styles, community amenities, and proximity to shopping and dining options.

Comparison with other cities

Here’s a list of Southaven MS’s average rent compared to other cities in the US:
1. Memphis, TN – $981
2. Olive Branch, MS – $1,095
3. Horn Lake, MS – $902
4. Germantown, TN – $1,012
5. Collierville, TN – $1,273
6. Birmingham, AL – $1,089
7. Nashville, TN – $1,347
8. Little Rock, AR – $978
9. Atlanta, GA – $1,601
10. Dallas, TX – $1,311
11. Kansas City, MO – $955
12. Denver, CO – $1,625
13. San Francisco, CA – $3,626
14. New York, NY – $4,208
15. Miami, FL – $1,967

FAQ

Q: What is the average rent in Southaven, MS?
A: As of 2023, the average rent in Southaven, MS is $1,200 per month.

Q: Has the average rent in Southaven, MS increased or decreased?
A: The average rent in Southaven, MS has increased by approximately 4% over the past year.

Q: Are there any neighborhoods in Southaven, MS with higher or lower rents?
A: Yes, there are some neighborhoods in Southaven, MS with higher or lower rents depending on factors such as location, amenities, and condition of the rental property.

Q: What are some factors that can affect the cost of rent in Southaven, MS?
A: Some factors that can affect the cost of rent in Southaven, MS include location, property type, square footage, amenities, and proximity to schools, shopping, and other attractions.

Q: Are there any rent control laws in Southaven, MS?
A: Currently, there are no rent control laws in Southaven, MS.

Q: What is the median household income in Southaven, MS?
A: As of 2023, the median household income in Southaven, MS is approximately $64,000 per year.

Q: What are some popular rental property types in Southaven, MS?
A: Some popular rental property types in Southaven, MS include apartments, townhouses, duplexes, and single-family homes.

Q: Are there any rental assistance programs available in Southaven, MS?
A: Yes, there are various rental assistance programs available in Southaven, MS for low-income and eligible households. These programs may be managed by local government or non-profit organizations.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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