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These days, finding an affordable place to live in the Lauderdale area can be challenging. Home prices in Lauderdale are now at a median cost of $149,221, lower than the Mississippi average of $183,008.
The average cost of rent is $1,670/mo in Lauderdale, primarily driven by the current value of real estate in the Lauderdale area. In Lauderdale, 15.50% of households rent, and 67.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lauderdale is $5,815 per month. Households that rent pay about 28.72% of their income on rent here. Lauderdale’s most expensive areas are in the southern 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.
Nearby Cities
- Lockhart, MS: less expensive homes
- Russell, MS: less expensive homes
- Marion, MS: higher priced homes
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- Porterville, MS: less expensive homes
- Daleville, MS: higher priced homes
- Prismatic, MS: less expensive homes
- Bailey, MS: higher priced homes
- Siloam, AL: equally priced homes
- York, AL: less expensive homes
Cities with Similar Populations
- Westmorland, CA: higher priced homes
- Tucker, TX: higher priced homes
- Cherry Valley, MA: higher priced homes
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- Farmersville, OH: higher priced homes
- Fowler, MI: higher priced homes
- Ganado, AZ: less expensive homes
- Hager City, WI: higher priced homes
- Gates, NC: higher priced homes
- Slayton, MN: higher priced homes
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