The Most Affordable Neighborhoods in Gooden Lake, MS by Home Value

These days, finding an affordable place to live in the Gooden Lake area can be challenging. Home prices in Gooden Lake are now at a median cost of $82,100, lower than the Mississippi average of $183,008.

The average cost of rent is $503/mo in Gooden Lake, primarily driven by the current value of real estate in the Gooden Lake area. In Gooden Lake, 47.67% of households rent, and 48.41% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gooden Lake is $2,396 per month. Households that rent pay about 20.99% of their income on rent here. Gooden Lake’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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