Lamar County, Mississippi Housing Market Prices
Lamar County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 29% above the Mississippi median More expensive than 70% of counties in Mississippi$167,954
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Median rent 18% above the Mississippi median Among the 5 most expensive counties in Mississippi$1,126
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lamar County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,954 | $130,069 | $248,835 |
| Price Trend (Annual %) | 2.3% | 5.6% | 7.5% |
| Median Gross Rent | $1,126 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lamar County is about 29% higher than in Mississippi. Rent is about 18% higher than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lamar County, up about 2.3% and 3.6% a year respectively. Rent is changing faster.
Median rent in Lamar County rose about 34.9% between 2015 and 2024, from $834 to $1,126. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Lamar County.
Buying the median-priced home in Lamar County costs roughly 12.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lamar County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Lamar County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,954 | $130,069 | $248,835 |
| Median Household Income | $70,466 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lamar County fell about 19.7%, while median household income rose about 42.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lamar County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.7% | 59.8% | 58.5% |
| Rental Rate | 27.9% | 25.6% | 31.2% |
| Vacancy Rate | 8.3% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Lamar County has a homeownership rate of 63.7%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 8.3%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Lamar County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1994 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Lamar County was built around 1994. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Lamar County, MS Housing Compared With Nearby Counties
How Lamar County, MS compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lamar County, MS | 65,698 | $167,954 #3/3 | $1,126 #1/3 | 69.5% #2/3 |
| Forrest County, MS | 78,271 | $258,536 | $972 | 57.2% |
| Pearl River County, MS | 57,458 | $207,108 | $906 | 80.4% |
Frequently Asked Questions
Common questions about the housing market in Lamar County, Mississippi.
What is the median home price in Lamar County, Mississippi?
The median home price in Lamar County, Mississippi is $167,954, higher than the Mississippi average of $130,069.
What is the average home price in Lamar County, Mississippi?
The typical home price in Lamar County, Mississippi, reported as the median sale price, is $167,954. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lamar County, Mississippi?
The median gross rent in Lamar County, Mississippi is $1,126 per month, higher than the Mississippi average of $954.
What was the median gross rent in Lamar County in 2020?
In 2020, the median gross rent in Lamar County, Mississippi was $936 per month.
What is the price-to-rent ratio in Lamar County, Mississippi?
The price-to-rent ratio in Lamar County, Mississippi is about 12.4, meaning it would take roughly 12.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lamar County.
Are home prices or rent rising faster in Lamar County, Mississippi?
Both home prices and rent are rising in Lamar County, up about 2.3% and 3.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Lamar County, Mississippi?
63.7% of households in Lamar County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Lamar County, Mississippi?
The housing vacancy rate in Lamar County, Mississippi is 8.3%, lower than the Mississippi average of 14.6%.
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