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Latimer

Learn about the people, housing, costs and businesses in Latimer, Mississippi

Median Home$193,258
Median Rent$1,116/month
Population6,557
Leading IndustryTransportation3% of local workforce
Home Value Growth⬆⬆+12.9% over 2 years
Young Adults25% of residents
Homeowners82% of occupied units
NotableVeteran Community17% of residents · top 1% nationally
Latimer
MS

Frequently Asked Questions

What are today's mortgage rates in Latimer?

As of today, the 30-year fixed mortgage rate for Latimer is approximately 6.862% (6.897% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Latimer?

The median home value in Latimer is $193k. The median monthly rent is $1,116. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Latimer?

Home values in Latimer have increased 12.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Latimer?

Based on a typical all-in ownership cost of $814/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Latimer is $76k/year.

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What industries drive the economy in Latimer?

The largest employment sectors in Latimer are public administration (20%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.