Hattiesburg, Mississippi is a charming city located in the southeastern region of the state. As an expert in the real estate market, I have seen firsthand the growing interest in this city due to its rich history, diverse culture, and vibrant community. However, with the rising cost of living in many cities across the United States, it's important to know where to find affordable neighborhoods in Hattiesburg.
The Cost of Living in Hattiesburg
Before we dive into the specific neighborhoods, let's take a look at the overall cost of living in Hattiesburg. According to BestPlaces.net, the cost of living index in Hattiesburg is 83.5, which is significantly lower than the national average of 100.This means that overall, Hattiesburg is a more affordable place to live compared to other cities in the United States. When it comes to housing, the median home price in Hattiesburg is $128,500, which is well below the national average of $231,200. This makes Hattiesburg an attractive option for those looking to purchase a home without breaking the bank. Additionally, the average rent for a one-bedroom apartment in Hattiesburg is $650 per month, which is also lower than the national average of $930 per month.
The Most Affordable Neighborhoods in Hattiesburg
Now that we have an understanding of the cost of living in Hattiesburg, let's take a closer look at some of the most affordable neighborhoods in the city.1.The Avenues
The Avenues neighborhood is located just north of downtown Hattiesburg and is known for its charming historic homes and tree-lined streets. This neighborhood offers a mix of single-family homes and apartments, making it a great option for both families and young professionals.The median home price in The Avenues is $120,000, making it one of the more affordable neighborhoods in Hattiesburg.
2.Oak Grove
Located just south of Hattiesburg, Oak Grove is a popular neighborhood for families due to its highly-rated schools and family-friendly atmosphere. The median home price in Oak Grove is $175,000, which is slightly higher than other neighborhoods on this list, but still well below the national average. Additionally, the cost of living in Oak Grove is 10% lower than the national average, making it an affordable option for families.3.Petal
Petal is a small town located just east of Hattiesburg and is known for its tight-knit community and affordable housing options. The median home price in Petal is $130,000, which is significantly lower than the national average.In addition to its affordable housing, Petal also offers a low cost of living and highly-rated schools, making it a great option for families.
4.West Hattiesburg
West Hattiesburg is a growing neighborhood located just west of downtown Hattiesburg. This neighborhood offers a mix of single-family homes and apartments, with a median home price of $140,000. West Hattiesburg also has a lower cost of living compared to other neighborhoods in the city, making it an attractive option for those looking to save money.5.Midtown
Midtown is a popular neighborhood for young professionals and students due to its close proximity to the University of Southern Mississippi. This neighborhood offers a mix of affordable apartments and historic homes, with a median home price of $130,000.Additionally, the cost of living in Midtown is 15% lower than the national average, making it an affordable option for those on a budget.
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