Pattison, MS 39144 housing market

What this means

• Prices. Home values are down 8.1% over the past year (U.S.: +1.2%), 35% below their 2022-23 peak.
• Supply. Listings are 50% below the 2017-19 norm: still a tight market.
• Negotiating. Buyer leverage is moderate (41/100; U.S.: 54) (as of Aug 2025): homes sell for about 7.1% below their final list price (as of Sep 2023); 0% of listings had a price cut (U.S.: 26%) (as of Aug 2025).
• Affordability. A mortgage on the typical home takes 61% of the median household income (U.S.: 35%); it takes about $34k a year to keep the payment at 30% of gross pay. That includes about $1,712 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $153 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −10% to +6% over the next 12 months (45% chance of a rise).

Next 12 months

No clear direction

A fall is somewhat more likely than a rise, but not by enough to call. Likely change: −9.9% to +6.4% (80% range; middle estimate −0.6%), chance of a rise 45%, of a 5%+ drop 24%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

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