Lauderdale County, Mississippi Housing Market Prices
Lauderdale 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 7% below the Mississippi median$120,425
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Median rent About the same as the Mississippi median More expensive than 84% of counties in Mississippi$952
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lauderdale County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,425 | $130,069 | $248,835 |
| Price Trend (Annual %) | 8.7% | 5.6% | 7.5% |
| Median Gross Rent | $952 | $954 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lauderdale County is about 7% lower than in Mississippi. Rent follows a similar pattern, running close to 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 Lauderdale County, up about 8.7% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Lauderdale County rose about 38.7% between 2015 and 2024, from $687 to $952. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Lauderdale County.
Buying the median-priced home in Lauderdale County costs roughly 10.5 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 Lauderdale County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Lauderdale County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,425 | $130,069 | $248,835 |
| Median Household Income | $50,967 | $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 Lauderdale County rose about 86.3%, while median household income rose about 43.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lauderdale County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.7% | 59.8% | 58.5% |
| Rental Rate | 29.9% | 25.6% | 31.2% |
| Vacancy Rate | 14.4% | 14.6% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Lauderdale County has a homeownership rate of 55.7%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 14.4%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Lauderdale County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1979 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Lauderdale County was built around 1979. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lauderdale County, Mississippi.
What is the median home price in Lauderdale County, Mississippi?
The median home price in Lauderdale County, Mississippi is $120,425, lower than the Mississippi average of $130,069.
What is the average home price in Lauderdale County, Mississippi?
The typical home price in Lauderdale County, Mississippi, reported as the median sale price, is $120,425. 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 Lauderdale County, Mississippi?
The median gross rent in Lauderdale County, Mississippi is $952 per month, about the same as the Mississippi average.
What was the median gross rent in Lauderdale County in 2020?
In 2020, the median gross rent in Lauderdale County, Mississippi was $735 per month.
What is the price-to-rent ratio in Lauderdale County, Mississippi?
The price-to-rent ratio in Lauderdale County, Mississippi is about 10.5, meaning it would take roughly 10.5 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 Lauderdale County.
Are home prices or rent rising faster in Lauderdale County, Mississippi?
Both home prices and rent are rising in Lauderdale County, up about 8.7% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lauderdale County, Mississippi?
55.7% of households in Lauderdale County, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Lauderdale County, Mississippi?
The housing vacancy rate in Lauderdale County, Mississippi is 14.4%, lower than the Mississippi average of 14.6%.
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