c.1883 Five Bedroom Mississippi Fixer Upper Victorian Reduced to $65K
OHU50K Notes $90,000 Reduced to $65K
c.1883 Five Bedroom Mississippi Fixer Upper Victorian. Historic home in need of some TLC.
Realtor Comments
How would you like to own over 3300 square feet of refurbished Victorian in Vicksburg’s Garden District for less than $ 225, 000 effectively. This home is eligible for historic tax credits. Much renovation needed but if you can bring in renovations at $ 200, 000 you get a return of 38.5% in federal tax credits and cash on the $$ spent on renovations. Buy for $ 90, 000, Spend $ 200, 000 Receive tax credits of $77, 500. End result is $ 212, 500. So much possibility. Still has a beautiful Victorian foyer with walnut staircase. The foyer is like a room itself. formal living room has been fashioned as a study. Formal dining room, almost all hardwood floors, downstairs bedroom and bath, 11 foot ceilings in formal areas. pocket doors, crown molding, Italian marble mantles. Home would qualify for FHA 203k loan. Upfront financing to make your repairs
- 5 bed
- 3 bath
- Build date 1883
2322 Drummond St, Vicksburg, MS 39180 $90,000 Reduced to $65K
- Contact Realtor: Harley H. Caldwell
- Google Map
- Niche
Pros
1. Rich History & Cultural Scene
Home to the Vicksburg National Military Park and multiple museums, including Civil War and River history sites—drawing over 500 000 visitors annually
Vibrant downtown with historic architecture, galleries, theater (like the Vicksburg Theatre Guild), murals, and annual festivals
2. Affordable Cost of Living & Housing
Overall cost of living ≈ 16–18% below U.S. average; housing costs ≈ 36–52% lower, with median home prices around $111–117 K .
Good real estate appreciation and affordability relative to income
3. Strong Community & Friendly Atmosphere
Residents highlight a close-knit feel, warm hospitality, and sense of familiarity in neighborhoods
Slower pace appeals to retirees and families—“perfect place to settle down” .
4. Outdoor Recreation
Riverfront location fosters boating, fishing, kayaking, canoeing, scenic walks, and golf
Multiple parks and easy access to natural and water-based activities.
5. Stable Employment from Federal & Tourism Sectors
U.S. Army Corps of Engineers and Coast Guard are significant employers (≈12% federal employees) .
Tourism driven by historic sites, museums, and casinos provides seasonal economic support
Cons
1. High Crime Rates
Crime rate one of the highest nationally—≈1 in 25 chance of victimization, with violent crime ≈1 in 159 and property crime ≈1 in 30
Perception of safety is lower; NeighborhoodScout and Niche rate crime as a major drawback .
2. Limited Job Opportunities & Low Income
Median household income ≈ $34 K–42 K, about half the national average; unemployment near 8% .
Job market lean—mainly in tourism, public sector, healthcare, with limited professional growth
3. Poverty & Economic Strain
Poverty rate around 27–32% (versus ~11% nationally); many households earn < $10 K annually
Declining population (~–6.8% in 5 years) adds pressure on services and long-term vitality .
4. Limited Amenities & Commute Challenges
Sparse amenities and nightlife; shopping, dining, entertainment require driving .
Poor public transport; longer commute times are common
5. Schools & Youth Activities
School performance rated around C+/C− on Niche, with concerns about limited youth engagement and educational quality .
Reviews mention a need for more youth-friendly activities and educational improvements.
