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These days, finding an affordable place to live in the Lorman area can be challenging. Home prices in Lorman are now at a median cost of $87,445, lower than the Mississippi average of $183,008.
The average cost of rent is $548/mo in Lorman, primarily driven by the current value of real estate in the Lorman area. In Lorman, 15.22% of households rent, and 77.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lorman is $2,789 per month. Households that rent pay about 19.66% of their income on rent here. Lorman’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rodney, MS: equally priced homes
- Russum, MS: equally priced homes
- Port Gibson, MS: equally priced homes
- Harriston, MS: less expensive homes
- Red Lick, MS: less expensive homes
- St. Joseph, LA: less expensive homes
- Fayette, MS: less expensive homes
- Tillman, MS: less expensive homes
- Pattison, MS: less expensive homes
- Wilsonia, LA: equally priced homes
Cities with Similar Populations
- Washburn, TN: higher priced homes
- Dorneyville, PA: higher priced homes
- East Garden City, NY: higher priced homes
- Elbow Lake, MN: higher priced homes
- Elim, GA: higher priced homes
- Epsom, IN: higher priced homes
- Fowler, CO: higher priced homes
- Fredericksburg, IA: higher priced homes
- Freedom, NH: higher priced homes
- Fulda, MN: higher priced homes
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