Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$403,564+2.7% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$87,484About 1.3× the local median income ($67,571): a stretch for a typical household
Days on market77 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lafayette County, MS is worth $403,564, up 2.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $357,670, so the area is 12.8% overvalued. It is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 38% from a year ago, 14% of listings have had a price cut. A household needs about $87,484 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,571. Typical rent is $2,338 a month. In the latest IRS figures, 175 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$403,564
Change in 1 year
+2.7%
Overvalued %
+12.8%
Show 6 more
Fair home value
$357,670
Change in 5 years
+46.3%
Home value to income
6.0×
Monthly mortgage payment (20% down)
$2,187
Income needed to afford it
$87,484
Property tax rate
0.55%
Rent and investing
Typical rent
$2,338
Price-to-rent ratio
14.4×
HUD Fair Market Rent, 2 bedrooms
$1,255
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Gross rental yield
6.95%
Cap rate (estimate)
4.52%
Market activity
Listings vs a year ago
+38.3%
Days on market
77
Listings with a price cut
13.6%
Show 3 more
Homes for sale
469
Pending sales per 100 listings
26
Asking price per sq ft
$270
People and jobs
Median household income
$67,571
Population change (1 year)
−0.8%
Unemployment rate
2.1%
Show 4 more
Population
59,597
Income adjusted for cost of living
$80,827
Net moves in (IRS)
+175
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
8.0
FEMA hazard risk score (0 to 100)
64.4
Flood risk score
47.8
Show 3 more
Wildfire risk score
48.1
Walkability (1 to 20)
5.8
Road, rail and air noise
52 dB
Questions people ask
Is Lafayette County, MS overvalued?
Home prices in Lafayette County, MS are well above what local incomes have historically supported: fair value is about $357,670, so the area is 12.8% overvalued.
Is Lafayette County, MS a buyer's or seller's market?
Lafayette County, MS is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 38% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Lafayette County, MS?
Home values in Lafayette County, MS are up 2.7% over the last year.
How much do you need to earn to buy a home in Lafayette County, MS?
A household needs about $87,484 a year to afford the typical home in Lafayette County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,571.