Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$212,212+6.1% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$46,003About 0.7× the local median income ($61,826): affordable for a typical household
Days on market72 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lee County, MS is worth $212,212, up 6.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $187,447, so the area is 13.2% overvalued. It is a balanced market: homes take about 72 days to sell, listings are up 29% from a year ago, 19% of listings have had a price cut. A household needs about $46,003 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 $61,826. Typical rent is $1,374 a month. In the latest IRS figures, 25 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
$212,212
Change in 1 year
+6.1%
Overvalued %
+13.2%
Show 6 more
Fair home value
$187,447
Change in 5 years
+24.9%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,150
Income needed to afford it
$46,003
Property tax rate
0.69%
Rent and investing
Typical rent
$1,374
Price-to-rent ratio
12.9×
HUD Fair Market Rent, 2 bedrooms
$1,044
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Gross rental yield
7.77%
Cap rate (estimate)
5.05%
Market activity
Listings vs a year ago
+29.0%
Days on market
72
Listings with a price cut
18.9%
Show 3 more
Homes for sale
276
Pending sales per 100 listings
32
Asking price per sq ft
$148
People and jobs
Median household income
$61,826
Population change (1 year)
+0.5%
Unemployment rate
5.1%
Show 4 more
Population
83,731
Income adjusted for cost of living
$73,955
Net moves in (IRS)
+25
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
81.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
72.0
Wildfire risk score
36.6
Walkability (1 to 20)
6.0
Road, rail and air noise
53 dB
Questions people ask
Is Lee County, MS overvalued?
Home prices in Lee County, MS are well above what local incomes have historically supported: fair value is about $187,447, so the area is 13.2% overvalued.
Is Lee County, MS a buyer's or seller's market?
Lee County, MS is a balanced market: homes take about 72 days to sell, listings are up 29% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Lee County, MS?
Home values in Lee County, MS are up 6.1% over the last year.
How much do you need to earn to buy a home in Lee County, MS?
A household needs about $46,003 a year to afford the typical home in Lee County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,826.