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Lafayette County Housing Market

Mississippi · 82 counties · Ranked #2431 in home value

Below National Avg

Housing at a Glance

Median Home Value

$260,500

vs national$260,500 vs $281,900 national

Median Gross Rent

$1,091/mo

vs national$1,091 vs $1,163 national

Effective Tax Rate

0.64%

vs national0.64% vs 1.02% national

Median Household Income

$64,334

vs national$64,334 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,672

Tax as % of Home Value

0.64%

Monthly Owner Cost

$1,009

Renter Income

$35,798

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Frequently Asked Questions

What is the median home value in Lafayette County?

The median home value in Lafayette County is $260,500. This is below the national median of $281,900.

How much is rent in Lafayette County?

The median gross rent in Lafayette County is $1,091 per month.

What is the property tax rate in Lafayette County?

The effective property tax rate in Lafayette County is 0.64%. The median annual property tax bill is $1,672.

Is Lafayette County affordable?

With a home-value-to-income ratio of 4x, Lafayette County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.