Question on Madison properties and I-55 (Jackson, Vicksburg: houses, neighborhoods, buyers)

[Bach42t]

I’m trying to understand why properties seem cheaper on the east side of I-55, in Madison with the exception of the coast along the reservoir. Does it have something to do with the clay and foundations? Curious. Thanks!

[viverlibre]

The east side of I55 in both Madison and Gluckstadt was built first and is mostly considered the older side of town (in Gluckstadt that's mostly down Yandell). The west side of 55 is mostly newer and for the most part, the houses are bigger (although smaller houses are now being built in West Gluckstadt). Plus both high schools are on the west side as well as the more exclusive neighborhoods (e.g., Reunion).

There is no difference in the soil.

[Bach42t]

Thank you for the feedback. I am considering purchasing in Madison/Ridgeland, although I work an hour west. The vibe and aesthetics are just right. I will receive a transit benefit so I will no have worry about commuter costs, just the time. I feel like this is the smartest thing to as Jackson metro, it seems properties don't sit as long on the market and the population is increasing. Does anyone think that Ridgeland/Madison area property values will decline or will we continue to see steady growth?

[Mississippi Alabama Line]

Originally Posted by Bach42t

Thank you for the feedback. I am considering purchasing in Madison/Ridgeland, although I work an hour west. The vibe and aesthetics are just right. I will receive a transit benefit so I will no have worry about commuter costs, just the time. I feel like this is the smartest thing to as Jackson metro, it seems properties don't sit as long on the market and the population is increasing. Does anyone think that Ridgeland/Madison area property values will decline or will we continue to see steady growth?

They will either keep their value or increase normally. I don't think you'll see any huge growth or anything like that, as that area is already fairly high. I'd go Madison though, since Ridgeland is kind of a mixed bag.

You might also look at Clinton, if you haven't already. Good school system if you care about that sort of thing, and the Continental Tire plant is still the new toy so that area will eventually grow. Madison really benefited from Nissan but that is nearly 20 years old now. You also have that power plant out in Port Gibson and I suspect a lot of the people employed there will either live in Clinton, or Vicksburg/Natchez (possibly Brookhaven if you want the small town) and commute. Hinds Community College and Mississippi College will also keep that area viable.

[GrandviewGloria]

Originally Posted by Bach42t

I’m trying to understand why properties seem cheaper on the east side of I-55, in Madison with the exception of the coast along the reservoir. Does it have something to do with the clay and foundations? Curious. Thanks!

No, it has EVERYTHING to do with a handful of individuals buzzing that part of town, in cheap, noisy little planes. Most of the traffic in and out of Madison's posh little Ralph Lauren Country Collection style airport, is legitimate. Most of the planes, ferrying wealthy businessmen and wealthy hunters, arrive and depart without being noticed. However, a handful of rotters are being allowed to make so much noise, they're depressing property values.

As it is, people are moving out, because of the problem. According to realtors, planes buzz the area, while the houses are being shown, making those properties unmarketable to anyone with any sense. This is selecting for buyers who don't have any sense - not exactly the recipe for gentrification.

Actually, the soil is BETTER on that side of the Interstate, and the lots tend to be large, rectangular, and flat - Heaven, compared to the inconvenient slopes and crazy trapezoids you see elsewhere. The older neighborhoods - dating from the Sixties, and built on old farm fields - are seeing NO significant soil movement. The only thing preventing a teardown craze - with modest older homes replaced by structures worthy of those magnificent 1/3-acre lots (a phenomenon which was extremely robust, in 'Fashionable Northeast Jackson', from the late '80s, until the dawn of the 2000s), is the noise from those few planes.

[Bach42t]

I was at Strawberry Park this weekend, and noticed the buzzards. Haha, and I thought about your post GG. You are exactly right, they buzz real low.