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Affordable
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These days, finding an affordable place to live in the Loraine area can be challenging. Home prices in Loraine are now at a median cost of $331,839, higher than the Mississippi average of $183,008.
The average cost of rent is $1,199/mo in Loraine, primarily driven by the current value of real estate in the Loraine area. In Loraine, 15.39% of households rent, and 26.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loraine is $5,919 per month. Households that rent pay about 20.25% of their income on rent here. Loraine’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Nugent, MS: less expensive homes
- Gulfport, MS: less expensive homes
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- Biloxi, MS: less expensive homes
- D'Iberville, MS: less expensive homes
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- Gulf Hills, MS: less expensive homes
- Crane Creek, MS: less expensive homes
Cities with Similar Populations
- Fourseam, KY: less expensive homes
- Fulgham, KY: less expensive homes
- Fulbright, TX: less expensive homes
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- Frog Town, AR: less expensive homes
- Friend, OR: higher priced homes
- Frew, KY: less expensive homes
- Freewill, TN: less expensive homes
- Fraser, NY: less expensive homes
- Frankfort, SD: less expensive homes
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