Lamar, MS—38642
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lamar, MS
Lamar, MS lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | 4.5% |
| Single Family | $168,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lamar, MS
Lamar, MS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Lamar, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Lamar, MS is 167. This is a increase of 109.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 102.0% |
Listing Count | 6 | 220.0% |
| Listings as % of Homes | N/A | 220.0% |
Days on Market | 167 | 109.0% |
Demographics — Lamar, MS
As of the latest ACS Survey released in 2023, Lamar, MS has a population of 2,080, which has decreased by -11.4% over the past 5 years. Lamar, MS is a less popular place for families, as children make up 12.8% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,080 | -11.4% |
% Under 18 | 12.8% | -32.3% |
% Seniors | 16.5% | -20.7% |
% WFH | 1.2% | -82.9% |
% w/ College Degree | 12.6% | 231.6% |
As of the latest ACS Survey released in 2023, Lamar, MS is a predominantly black area, with 50.3% of the population identifying as black. The black population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Lamar, MS is white, making up 34.2% of the population. Foreign-born residents account for 1.9% of the population in Lamar, MS, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.2% | -17.8% |
% Black | 50.3% | -13.9% |
% Hispanic | 2.4% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.9% | ∞% |
Mortgage and Risk — Lamar, MS
According to HUD data as of 2023, there were 31 mortgage originations in Lamar, MS, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lamar, MS. Investor activity is low, as 10.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 10.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Lamar, MS
Lamar, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | $420 | $1,200 | $1,620 |
Affordability — Lamar, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $169,000 |
| Median Household Income | $58,900 |