Lawrence County, Mississippi Housing Market Prices
Lawrence 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 14% below the Mississippi median$112,500
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Median rent 21% below the Mississippi median$752
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lawrence County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $130,069 | $248,835 |
| Price Trend (Annual %) | 16.7% | 5.6% | 7.5% |
| Median Gross Rent | $752 | $954 | $1,407 |
| Rent Trend (Annual %) | 1.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawrence County is about 14% lower than in Mississippi. Rent is about 21% lower 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 Lawrence County, up about 16.7% and 1.0% a year respectively. Home prices are changing faster.
Median rent in Lawrence County rose about 17.3% between 2015 and 2024, from $641 to $753. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Lawrence County.
Buying the median-priced home in Lawrence County costs roughly 12.5 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 Lawrence County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Lawrence County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $130,069 | $248,835 |
| Median Household Income | $43,839 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lawrence County rose about 149.0%, while median household income rose about 21.3% 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 | Lawrence County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.6% | 59.8% | 58.5% |
| Rental Rate | 12.6% | 25.6% | 31.2% |
| Vacancy Rate | 23.8% | 14.6% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Lawrence County has a homeownership rate of 63.6%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 23.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Lawrence County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1984 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Lawrence County was built around 1984. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lawrence County, Mississippi.
What is the median home price in Lawrence County, Mississippi?
The median home price in Lawrence County, Mississippi is $112,500, lower than the Mississippi average of $130,069.
What is the average home price in Lawrence County, Mississippi?
The typical home price in Lawrence County, Mississippi, reported as the median sale price, is $112,500. 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 Lawrence County, Mississippi?
The median gross rent in Lawrence County, Mississippi is $753 per month, lower than the Mississippi average of $954.
What was the median gross rent in Lawrence County in 2020?
In 2020, the median gross rent in Lawrence County, Mississippi was $762 per month.
What is the price-to-rent ratio in Lawrence County, Mississippi?
The price-to-rent ratio in Lawrence County, Mississippi is about 12.5, meaning it would take roughly 12.5 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 Lawrence County.
Are home prices or rent rising faster in Lawrence County, Mississippi?
Both home prices and rent are rising in Lawrence County, up about 16.7% and 1.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lawrence County, Mississippi?
63.6% of households in Lawrence County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Lawrence County, Mississippi?
The housing vacancy rate in Lawrence County, Mississippi is 23.8%, higher than the Mississippi average of 14.6%.
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