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Affordable
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These days, finding an affordable place to live in the Hamburg area can be challenging. Home prices in Hamburg are now at a median cost of $120,371, lower than the Mississippi average of $183,008.
The average cost of rent is $433/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. In Hamburg, 2.30% of households rent, and 62.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $6,625 per month. Households that rent pay about 6.54% of their income on rent here. Hamburg’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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Cities with Similar Populations
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