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Redwood

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

Median Home$181,900
Median Rent$1,060/month
Population76
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration10% information & media
Home Value Growth⬆⬆+12.3% over 2 years
Young Adults26% of residents
Homeowners84% of occupied units
NotableHigh Incomes$85k/year · top 30% nationally
Redwood
MS

Frequently Asked Questions

What are today's mortgage rates in Redwood?

As of today, the 30-year fixed mortgage rate for Redwood is approximately 6.966% (7.005% 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 Redwood?

The median home value in Redwood is $182k. The median monthly rent is $1,060. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redwood?

Home values in Redwood have increased 12.3% over the past two years. This indicates a strong appreciation trend. 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 Redwood?

Based on a typical all-in ownership cost of $927/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redwood is $85k/year.

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What industries drive the economy in Redwood?

The largest employment sectors in Redwood are public administration (28%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.