Checked
Housing Affordability in Lake, MS
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 19.7%
- Mississippi 28.1%
- Renters paying 30%+
- 27.0%
- Mississippi 51.3%
- Homeowners paying 30%+
- 12.8%
- Mississippi 19.6%
- Owner costs with a mortgage
- $1,125/mo
- Mississippi $1,394/mo
Lake has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more2427.0%
- Homeowners paying 30% or more1212.8%
- Renters paying 50% or more1820.2%
- Median rent as a share of income: 25.5%
- Median owner costs as a share of income, with a mortgage: 20.8%
- Median owner costs without a mortgage: $327/mo
- Median home value divided by median household income: 2.4
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Lake, MS | 19.7% | 27.0% | 12.8% | 25.5% |
| Newton County | 19.0% | 31.6% | 16.2% | 22.2% |
| Mississippi | 28.1% | 51.3% | 19.6% | 30.7% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Lake, MS?
- In Lake, MS, 19.7% of households spend 30% or more of their income on housing costs.
- How does Lake compare with Mississippi?
- The households paying 30%+ for housing in Lake is 19.7%, compared with 28.1% for Mississippi as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates