Real estate investor Grant Cardone has spotlighted Mississippi as a standout destination for ultra-low-cost home ownership, citing properties available for as little as $8,000. The claim underscores ongoing disparities in U.S. housing affordability and attracts attention from first-time buyers and investors.
- Grant Cardone highlighted Mississippi as a destination for homes priced as low as $8,000
- Properties in towns like West Point, Grenada, and Parchman have been listed for under $10,000
- Many of these homes require renovation, presenting value-add investment opportunities
- The low prices reflect regional economic challenges including population decline and underinvestment
- Such listings are often found at sheriff’s auctions or through local revitalization programs
- The trend underscores significant disparities in U.S. housing affordability
Grant Cardone has reignited interest in distressed real estate markets by identifying Mississippi as a top location for acquiring residential properties at remarkably low prices. In recent commentary, he asserted that homes can still be purchased for as little as $8,000, emphasizing the state’s combination of low property values and growing demand from out-of-state buyers seeking entry-level real estate opportunities. Despite rising national home prices and tighter lending standards, several Mississippi counties continue to list homes under $10,000 on public and private real estate platforms. The figure of $8,000 aligns with data from county assessor records showing multiple properties in towns like West Point, Grenada, and Parchman listed at or below that threshold. These homes typically require significant renovation, but the low acquisition cost creates a potential for high return on investment for those willing to undertake rehabilitation. The trend reflects broader economic challenges in parts of the American South, including population decline, underinvestment, and a shrinking tax base. However, it also presents a unique window for investors and first-time homeowners looking to enter the market with minimal capital. In some cases, properties are sold at sheriff’s auctions or through government programs aimed at revitalizing abandoned neighborhoods. Market observers note that while the $8,000 price point is not representative of the national average, it exemplifies the wide variance in housing affordability across U.S. regions. The phenomenon has drawn attention from real estate startups and investment groups focused on value-add strategies in underserved markets.