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

These days, finding an affordable place to live in the Lake Center area can be challenging. Home prices in Lake Center are now at a median cost of $86,159, lower than the Mississippi average of $183,008.

The average cost of rent is $815/mo in Lake Center, primarily driven by the current value of real estate in the Lake Center area. In Lake Center, 14.99% of households rent, and 58.58% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lake Center is $3,942 per month. Households that rent pay about 20.68% of their income on rent here. Lake Center’s most expensive areas are in the southwestern 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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