Acreage, Wooded Lot
5.3 Wooded Acres and a 3BR House in Louisville, Mississippi — $27,200
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 5.3 wooded acres, 3BR/2BA, 1987 build — acreage is the story |
| Condition | 25% | 4 | No system dates, no renovation history, as-is signals implied; 1987 build unknown state |
| Price / Sq Ft | 15% | 10 | Listing $24/sqft vs zip median $82/sqft — 71% below median; 1 comp, directional only |
| Price vs. Market | 5% | 10 | $27,200 vs $169,900 median — ~84% below; zip median likely reflects different home types |
| Market Conditions | 5% | 6 | 66.7% price drops is strong buyer signal; DOM and sale-to-list reflect thin 1-sale sample |
The land is what you're buying here. Five point three wooded acres in Louisville, Mississippi for $27,200 total. That's the number that stops you. The house sitting on it is a 1987 three-bedroom, two-bath, 1,152 square feet, and it comes along for the ride.
At $24 per square foot, this is priced roughly 71% below the zip code's median price per square foot. The median home price in the zip is around $169,900. This one is $27,200. Some of that gap reflects different property types, but not all of it. Some of it is just a low price on a lot of land.
What you'd actually get: more than five acres of mature trees, a house with three bedrooms and two bathrooms, and significant distance from whatever your neighbors are doing. If you want room to walk, room to keep animals, room to plant something, or room to build something additional down the line, the acreage gives you all of that at a price that leaves real money in your pocket for whatever comes next.
The house itself is an unknown quantity. There's no renovation history disclosed, no system dates on the record, no indication of when anything was last touched. The 1987 build is old enough that the roof, the HVAC, the electrical, and the plumbing all need a close look before you commit. This is an as-is situation in the real sense. A serious inspection matters here, and you should budget for work. How much work is the question this listing leaves open.
The local market has seen a lot of price reductions, which puts buyers in a position to ask questions and push. The data on this specific property is thin, one comparable sale, so the pricing context is directional rather than precise. But at this dollar figure on this much wooded land, the direction is hard to argue with.
Someone willing to do the work and live with some uncertainty about what they're walking into could end up with five acres and a livable house for what most people spend on a used truck.
