Have you ever wondered, “Why are houses so cheap in Laurel Mississippi in comparison to other places?” Laurel is a small city located in the south-eastern part of Mississippi State. It has a population of approximately 18,000 people and is known for its historic downtown area, the Lauren Rogers Museum of Art, and as the birthplace of many world-renowned celebrities including Lance Bass of the pop group NSYNC.
One question that arises in the minds of many people is why houses are so cheap in Laurel. There are several reasons for this, which we have discussed in details below. Keep reading!
Why Are Houses So Cheap In Laurel Mississippi?
(a) Rural Location
Laurel is located in a rural part of the state, which makes it less desirable for people who prefer the amenities of larger cities. The lack of job opportunities, entertainment options, and access to high-quality healthcare are some of the reasons why people might be hesitant to move to Laurel. As a result, the demand for houses in Laurel is relatively low, which has led to lower prices.
(b) Low Population
The population of Laurel has remained relatively stable over the years, which means that there is a limited demand for housing. This has resulted in a situation where the supply of houses exceeds the demand, leading to lower prices.
(c) No Tech Economy
The economy of Laurel is largely based on agriculture, manufacturing, and healthcare. While these industries provide jobs for people living in the area, they do not generate the same level of wealth as industries such as finance or technology. As a result, people living in Laurel may not be able to afford higher-priced homes, leading to lower prices overall.
(d) Undeveloped Infrastructure
The infrastructure in Laurel is not as developed as that of larger cities. While the city has some amenities such as grocery stores, gas stations, and restaurants, it may not have the same level of public transportation or other infrastructure that people in larger cities expect. This can make it less attractive for people who want to live in a more developed area, leading to lower housing prices.
(e) Older Housing Stock
The housing stock in Laurel is older and may not be as well-maintained as homes in other areas. This can make them less desirable for people who are looking for move-in ready homes. Additionally, many of the homes in Laurel are smaller and may not have the same level of amenities as larger homes in other areas, which can also impact their value. See more!
(f) Relatively High Crime Rates
While Laurel is generally considered a safe place to live but it does have higher crime rates than some other areas. This can make it less attractive for families or people who prioritize safety, leading to lower housing prices.
So, in a nutshell, there are several reasons why houses are cheaper in Laurel, Mississippi. These include rural location, small population, weak economy, aging infrastructure, old housing stock, and crime rates. While these factors may impact the value of homes in Laurel, they do not necessarily make it a bad place to live. For those who are willing to overlook these issues, Laurel can be an affordable and charming place to call home.
Famous Things Laurel Mississippi is known for
(a) Loblolly Festival
The small city of Laurel, Mississippi is home to a vibrant and exciting annual event that has made the city famous across the entire state. Every year, hundreds of people flock to Laurel for the Loblolly Festival, an event that celebrates the region’s culture, art and music. The festival is known for its laid-back, family-friendly atmosphere combined with a range of exciting attractions, from live performances to craft stalls.
(b) Lauren Rodgers Museum
The Lauren Rogers Museum of Art is a popular attraction in Laurel, Mississippi, known for its impressive collection of American art, as well as its beautiful grounds and historic building. The museum was established in 1923 in memory of Lauren Rogers, a young man who died tragically at the age of 27. The museum’s collection includes works by many well-known artists, such as Mary Cassatt, Winslow Homer, and Georgia O’Keeffe, as well as pieces by local artists and craftsmen.
The museum’s permanent collection includes paintings, sculptures, and decorative arts, and it also hosts a variety of rotating exhibitions throughout the year. In addition to its art collection, the Lauren Rogers Museum of Art also features beautiful gardens, a sculpture garden, and a historic mansion, which was once the home of Lauren Rogers’ parents. Overall, the museum is a must-visit destination for art lovers and anyone interested in the history and culture of Mississippi.
(c) Pinehurst Rathskeller
The Pinehurst Rathskeller is a historic bar and restaurant located in Laurel, Mississippi. It is known for its unique atmosphere and rich history. The Rathskeller was originally built in 1913 as a German beer hall and was a popular spot for locals and visitors alike. During Prohibition, the Rathskeller operated as a speakeasy, serving up bootlegged alcohol to patrons. Today, the bar and restaurant retains much of its original charm, with exposed brick walls, wooden beams, and a cozy, intimate atmosphere.
The menu features classic American dishes such as burgers, sandwiches, and salads, as well as German specialties like bratwurst and schnitzel. The Rathskeller is also known for its extensive selection of craft beers, including many local and regional brews.
Overall, the Pinehurst Rathskeller is a beloved local institution that offers visitors a taste of Laurel’s history and culture, as well as great food and drinks in a unique setting.
(d) Home of HGTV’s Home Town
Laurel is home to the historic Jones County Courthouse and the world-famous Laurel Little Theatre. But one thing that has brought it into the spotlight recently is its role as the home of HGTV’s Home Town. The show follows Ben and Erin Napier, two natives of Laurel, as they help revitalize their hometown with their signature Southern charm and design savvy.
On each episode, they get to work giving old homes and buildings a new life while also celebrating their beloved town’s history and culture. The couple truly loves what they do, making them even more endearing to viewers around the world who tune in weekly to watch them transform old properties and build something special for local families in need.
In conclusion, the town of Laurel, Mississippi is a great place to buy a home at an affordable price. Although there are some negative aspects, many positive attributes like low taxes and good schools make Laurel an attractive place for people looking for an inexpensive house. With the combination of affordable home prices and a strong sense of community, it’s no surprise that the city might continue to grow in population over the years.
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