The Most Affordable Neighborhoods in Schlater, MS by Home Value

These days, finding an affordable place to live in the Schlater area can be challenging. Home prices in Schlater are now at a median cost of $65,470, lower than the Mississippi average of $183,008.

The average cost of rent is $855/mo in Schlater, primarily driven by the current value of real estate in the Schlater area. In Schlater, 21.92% of households rent, and 82.08% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Schlater is $5,583 per month. Households that rent pay about 15.32% of their income on rent here. Schlater’s most expensive areas are in the northeastern 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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