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Affordable
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These days, finding an affordable place to live in the Tralake area can be challenging. Home prices in Tralake are now at a median cost of $118,200, lower than the Mississippi average of $183,008.
The average cost of rent is $640/mo in Tralake, primarily driven by the current value of real estate in the Tralake area. In Tralake, 4.56% of households rent, and 37.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tralake is $5,575 per month. Households that rent pay about 11.48% of their income on rent here. Tralake’s most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bourbon, MS: equally priced homes
- Arcola, MS: less expensive homes
- Tribbett, MS: equally priced homes
- McCutcheon, MS: less expensive homes
- Panther Burn, MS: less expensive homes
- Hollandale, MS: less expensive homes
- Estill, MS: less expensive homes
- Kinlock, MS: higher priced homes
- Winterville, MS: less expensive homes
- Stoneville, MS: equally priced homes
Cities with Similar Populations
- Wateree, SC: less expensive homes
- Catholic Point, AR: equally priced homes
- Cats Bridge, VA: higher priced homes
- Cattron, SD: higher priced homes
- Uncompahgre, CO: higher priced homes
- Vera, TX: less expensive homes
- Wallerville, MS: higher priced homes
- Washington Center, MO: higher priced homes
- Washington, KY: higher priced homes
- Castle Park, MI: higher priced homes
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