Acreage
6.9 Acres in Rural Mississippi, Priced $35K Below the Zip Median — $150,000
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 | 6.9 acres is the story; 3/2 at 1124 sqft, 1991 build, no notable character details |
| Condition | 25% | 5 | "Move-in ready" claimed but "needs some updating" — no system dates, no specifics |
| Price / Sq Ft | 15% | 2 | Listing $134/sqft vs zip median $99/sqft — 35% above median (thin: 3 comps) |
| Price vs. Market | 5% | 6 | $150K vs $185K zip median — ~19% below median, mild discount |
| Market Conditions | 5% | 8 | DOM 108 days, sale-to-list 95%, price drops 37.8% — clear buyer's market |
Six point nine acres is a lot of land. In rural Mississippi, that means actual room to move: space for animals, a garden, a shop out back, whatever you want to build or grow into over time. That is the reason to look at this property. The house itself is modest, 1,124 square feet, three bedrooms, two baths, built in 1991, and the agent's own description admits it needs some updating. So you are buying the land with a house on it, which is a different thing than buying a house.
The interior is going to need work. How much is unclear because the listing gives no system dates, no specifics on what has been updated or when. The "move-in ready" claim lives in uncomfortable tension with "needs some updating," and neither one is supported by anything concrete. Plan for the possibility that the kitchen, the bathrooms, and the mechanicals are all original to 1991 and make your offer accordingly.
At $150,000, this comes in about $35,000 below the zip code's median sale price. That sounds better than it is on a per-square-foot basis, where the asking price of $134 per square foot runs 35 percent above the local median of $99. The house is not what carries the value here and the price reflects that tension. The acreage is where the math starts to make sense.
The market is working in your favor right now. This listing has been sitting for 108 days. More than a third of active listings in the area have had price reductions. The typical sale closes around 95 percent of asking price. You have time and leverage here, and the seller knows it.
If you want land to spread out on, space to keep animals, or room to put up a second structure eventually, and you can absorb a renovation on a small house, this is the kind of property that comes together slowly and pays off on its own terms.
