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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Lula, MS Housing Affordability Index

Lula, Mississippi has an MBR Housing Affordability Index score of 214.0 (Highly Affordable) as of October 30, 2026, ranking 21st most affordable of 285 scored Mississippi cities, compared with 131.1 statewide and 97.4 nationally. On a median-priced $73,800 home with 20% down, the Mississippi average 30-year fixed rate of 7.20% means a monthly principal and interest payment of about $401, or 13% of the city’s $36,250 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Lula is updated every night from live Mississippi mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Lula MBR-HAI 214.0 Highly Affordable
Rank in Mississippi 21 of 285 1 = most affordable
Mississippi 131.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.20% Mississippi lenders
Median home value $73,800 U.S. Census Bureau

Lula is 82.8 points above the Mississippi score. Scores as of October 30, 2026. See the Mississippi index

View Lula Mortgage Rates

What It Takes to Buy in Lula

$401/mo
Principal & Interest
Median home, 20% down, 7.20%
$17,200
Income Needed
To keep the payment at 28% of income
$36,250
Median Household Income
Mississippi: $56,447
2.0x
Price-to-Income Ratio
Mississippi: 3.0x
$450/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$486/yr
Median Property Tax
0.66% of median value
5.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
43.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Lula, Mississippi. The rate is the Mississippi average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Lula Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Lula, Mississippi score: 214.0 (Highly Affordable), ranked 21 of 285 Mississippi cities. monitorbankrates.com/housing-affordability-index/mississippi/lula”