Lafayette County, Mississippi home prices
Typical home $403,564 · +2.7% in a year · property tax 0.55%
The typical home in Lafayette County is worth $403,564, 107% more than the Mississippi typical home ($194,531). Values changed +2.7% in the past year and +46.3% over five years. Homeowners here pay a median 0.55% of their home's value in property tax each year ($2,200 on the typical home), versus 0.65% statewide.
Mortgage on the typical Lafayette County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,713 | $322,851 | $2,172 | $0 | $385 | $2,557 | $109,600 |
| 10% down | $40,356 | $363,207 | $2,443 | $151 | $385 | $2,980 | $127,700 |
| 5% down | $20,178 | $383,386 | $2,579 | $160 | $385 | $3,124 | $133,900 |
| 3.5% down (FHA) | $14,125 | $396,254 | $2,666 | $178 | $385 | $3,229 | $138,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.55% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Mississippi · part of the Oxford metro area.
Mississippi counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Madison County | $336,172 | +1.1% | 0.68% |
| DeSoto County | $299,861 | +1.4% | 0.6% |
| Oktibbeha County | $282,630 | +4.6% | 0.71% |
| Rankin County | $271,112 | +3.4% | 0.6% |
| Lamar County | $265,690 | +3.6% | 0.66% |
| Tate County | $248,358 | +4.9% | 0.65% |
| Hancock County | $236,201 | +0.8% | 0.71% |
| Harrison County | $229,862 | +2.8% | 0.65% |
| Marshall County | $216,006 | +0.4% | 0.72% |
| Jackson County | $214,695 | +0.4% | 0.71% |
Frequently asked questions
What is the average home price in Lafayette County, MS?
The typical home value in Lafayette County is $403,564 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lafayette County?
About $109,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lafayette County?
The median effective rate is 0.55% of home value a year (Census ACS 2024 5-year estimates).