Lawrence County, MS real estate

What the numbers say

Lawrence County, MS real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Lawrence County pay a median of $674 a year in property taxes on a median home value of $100,000, an effective rate of about 0.67%. The Mississippi average is 0.72%, which makes Lawrence County the #35 lowest-tax of 81 counties in the state with published tax data.

Renters pay a median of $753 a month, and $521 for a two-bedroom. At today's prices a typical home costs about 11 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $100,000 home here comes to about $643 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $28,000 a year (the median household here earns $43,531).