Market Overview
Home Prices in Lamar, MS
The median home value in Lamar, MS is $178,334 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lamar are priced57% below average. Lamar is part of the Memphis, TN-MS-AR metro area.
Over the past five years, Lamar home values have risen by approximately10.0%, reflecting steady appreciation in this market.
Price History
Lamar Home Price Trend
2021
$162,094
$162K
—
2022
$171,589
$172K
+5.9%
2023
$154,249
$154K
-10.1%
2024
$157,595
$158K
+2.2%
2025
$163,540
$164K
+3.8%
2026
$178,334
$178K
+9.0%
City Comparison
Lamar vs. National Median
🏠 Lamar
$178,334
National Median
$410,000
At $178,334, homes in Lamar cost 57% below the national median of $410,000. This makes Lamar a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lamar?
20% Down Payment
$35,667
on $178,334
Monthly P&I
$930/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,181/mo
incl. taxes & insurance
Income Needed
$47,240
gross annual (30% rule)
10% Down Option
$17,833
+ PMI applies
Loan Amount (20% dn)
$142,667
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lamar, MS?
The median home value in Lamar is $178,334 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Lamar?
Over the past year, home values in Lamar have increased by 9%. Over five years, prices have risen approximately 10.0%.
How much do I need to earn to buy a home in Lamar?
To comfortably afford the median home price of $178,334 with a 20% down payment ($35,667) at today's rates (6.8%), you'd need a gross annual income of approximately $47,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Lamar compare to the national average home price?
The national median home value is approximately $410,000. At $178,334, homes in Lamar are 57% below the national average.
What metro area is Lamar part of?
Lamar is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.