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Redwater

Learn about the people, housing, costs and businesses in Redwater, Mississippi

Median Home$143,128
Median Rent$701/month
Population684
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare32% public administration
Home Value Growth-0.8% over 2 years
Retirees26% of residentsabove average nationally
Homeowners68% of occupied units
NotableHighly Educated27% bachelor's · 20% graduate · top 14% nationally
NotableAffordable Market$143k median home · lower cost than 77% of the country
Redwater
MS

Frequently Asked Questions

What are today's mortgage rates in Redwater?

As of today, the 30-year fixed mortgage rate for Redwater is approximately 6.887% (6.923% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Redwater?

The median home value in Redwater is $143k. The median monthly rent is $701. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redwater?

Home values in Redwater have decreased 0.8% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Redwater?

Based on a typical all-in ownership cost of $826/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redwater is $52k/year.

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What industries drive the economy in Redwater?

The largest employment sectors in Redwater are public administration (32%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.