Home Price Key
Affordable
Average
Expensive
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 $145,645, higher than the Mississippi average of $145,564.
The average cost of rent is $462/mo in Lorman, primarily driven by the current value of real estate in the Lorman area. While nearly 93.94% of residents own their homes outright in Lorman, 60.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lorman is $6,798 per month. Households that rent pay about 6.80% of their income on rent here. Lorman's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Rodney, MS: less expensive homes
- Russum, MS: less expensive homes
- Port Gibson, MS: less expensive 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: less expensive homes
Cities with Similar Populations
- Washburn, TN: less expensive homes
- Dorneyville, PA: higher priced homes
- East Garden City, NY: higher priced homes
- Elbow Lake, MN: less expensive homes
- Elim, GA: equally priced homes
- Epsom, IN: higher priced homes
- Fowler, CO: less expensive homes
- Fredericksburg, IA: equally priced homes
- Freedom, NH: higher priced homes
- Fulda, MN: less expensive homes
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