39335, Lauderdale, MS

The 39335 zip code of Lauderdale, MS is located in the southern part of the state and has a population of about 27,000. The median household income in this zip code is about $50,000, which is lower than the statewide median household income of $53,046. The percentage of households that own their homes outright is about 68%, which is lower than the statewide homeownership rate of 71%. About 26% of households in this zip code have a mortgage on their home, which is higher than the statewide mortgage rate of 23%. The percentage of homes that are valued at less than $100,000 is about 33%, which is higher than the statewide value percentage of 25%. The percentage of homes that are valued at more than $250,000 is about 10%, which is lower than the statewide value percentage of 12%.

Home prices in this zip code have been increasing over the past few years. In January 2017, the median home price was $137,500. This increased to $158,500 by January 2018 and then increased to $171,500 by December 2018. Over the past three years (January 2017-December 2018), home prices have increased by an average of 7.5% each year. This compares to an increase in Mississippi statewide home prices over this same time period (by an average 5%). It seems that there are more buyers and sellers in this zip code and therefore there are more opportunities for home buyers to purchase a house for a higher price and for sellers to receive a higher selling price for their house.