What kind of town is Tunica, MS? This is part of Tunica County, and the home of the most successful casinos in the region. There are believed to be over 1,100 people in the town itself. This is relative to 10,000 residents of the entire Tunica County. It is also estimated that 10,000 people work in some way with the nearby casinos.
Demographically speaking, there are nearly 600 housing units in the area. The average house has a square footage of 830.7. Though there is a diversity of race living here, Caucasians outnumber African Americans, Hispanics, Native Americans and Asians. Almost 20% of the households had a minor-aged child living under their roof. 52% of the population of households were not a traditional family but an assemblage of friends and or relatives.
The majority of the population is between the ages of 45 to 64, though people of all ages come close to that. The median age was 46. There are also slightly more men than women in Tunica. The median income was $26,607 per household but $54,583 median income per family. These figures are about average for most potential homeowners looking to move into their first home. Tunica mortgage rates are set by local lenders as well as the overall real estate industry in Mississippi and Tunica County. Whereas some properties are still very expensive (such as Highway 61 properties) others are selling for as little as $175,000.
The real estate scene is promising, even while the entire industry battles back from recession. Some of the popular lenders in the Tunica area include Tower Loan, Helena National Bank and First Tennessee Bank. There are numerous channels available for Tunica mortgages. The lender will analyze your credit profile, your employment and then your residential history. Based upon your profile, the lender may or may not grant you the mortgage for which you applied.
Nobody likes to wait months and months just to hear a negative answer. This is why it’s best to check mortgage rates in Tunica, MS with the help of a local real estate service. The agent may be able to match you up with a lender in the Tunica area that will fit your budget and profile. There are many local resources that can help you find mortgages in town and outside of town in the greater Tunica County area. This is an amazing Vegas-style town to live in!