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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $170,144, lower than the Mississippi average of $183,008.
The average cost of rent is $1,147/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 23.16% of households rent, and 37.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $4,132 per month. Households that rent pay about 27.75% of their income on rent here. Wakefield’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wyatte, MS: higher priced homes
- Thyatira, MS: higher priced homes
- Watson, MS: equally priced homes
- Cockrum, MS: higher priced homes
- Poagville, MS: higher priced homes
- Ingrams Mill, MS: higher priced homes
- Lewisburg, MS: higher priced homes
- Coldwater, MS: equally priced homes
- Victoria, MS: higher priced homes
- Byhalia, MS: higher priced homes
Cities with Similar Populations
- Pahala, HI: higher priced homes
- Spann, GA: less expensive homes
- South Henderson, NC: equally priced homes
- Snowmass, CO: higher priced homes
- Sidney, MI: higher priced homes
- Shorter, AL: less expensive homes
- Scranton, KS: less expensive homes
- Savannah, NY: less expensive homes
- Rockwell, IA: higher priced homes
- Rockfall, CT: higher priced homes
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