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These days, finding an affordable place to live in the Stratton area can be challenging. Home prices in Stratton are now at a median cost of $125,686, lower than the Mississippi average of $183,008.
The average cost of rent is $744/mo in Stratton, primarily driven by the current value of real estate in the Stratton area. In Stratton, 21.36% of households rent, and 65.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stratton is $5,482 per month. Households that rent pay about 13.57% of their income on rent here. Stratton’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Union, MS: equally priced homes
- Neshoba, MS: less expensive homes
- Linwood, MS: less expensive homes
- House, MS: equally priced homes
- McDonald, MS: less expensive homes
- Dixon, MS: less expensive homes
- Prospect, MS: higher priced homes
- Little Rock, MS: higher priced homes
- Perdue, MS: less expensive homes
- Decatur, MS: higher priced homes
Cities with Similar Populations
- Shamrock Lakes, IN: higher priced homes
- Glenwood, LA: equally priced homes
- Glover, OK: less expensive homes
- Goodwill, LA: less expensive homes
- Gratiot, WI: higher priced homes
- Russell, NY: less expensive homes
- Harvey, MI: higher priced homes
- Sayner, WI: higher priced homes
- Schamberville, MS: higher priced homes
- Searles, MN: higher priced homes
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