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Lafayette County, MS

District 4

RANK #255 / 996 NAT  ·  #8 / 15 MS  ·  POP 56,172

1YR FORECAST: +3.2%

5YR OUTLOOK: +30%

#22 Best Rental Yield
Our model projects above-average housing market growth for Lafayette County at +3.2% over the next year.

[01] Why Lafayette County?

Lafayette County, Mississippi, stands out as the home of Oxford, a city consistently recognized among the best small towns in the American South and known for its literary heritage and vibrant dining scene. Located about 75 miles southeast of Memphis, Tennessee, and 55 miles west of Tupelo, Mississippi, Oxford serves as the county seat and a cultural hub. The community offers a blend of university energy and small-city livability, with a commute time averaging 22.3 minutes for residents. Outdoor recreation is accessible, with over 200,000 acres of public parks, forests, and lakes nearby, including Sardis Lake and Holly Springs National Forest, providing opportunities for hiking, biking, fishing, and boating.

Life in Lafayette County offers a mix of Southern hospitality and cultural richness. The county is attractive to families, with two public school districts, Oxford School District and Lafayette County School District, both reporting high graduation rates. The economy is significantly influenced by the University of Mississippi, which acts as a primary economic driver, alongside strong sectors in healthcare, retail, and manufacturing. Recent economic developments include efforts to expand existing industries and attract new businesses, with a focus on technology-based jobs and fostering innovation through partnerships with the University of Mississippi. Additionally, regional alliances are forming to attract larger economic projects by pooling resources across counties.

[02] Market Snapshot

Housing Ratio
5.5x

Above national median (4.7x)

GDP Growth
+4.0%

Well above national median

Home Prices
+4.0%

Outpacing national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
9x

Strong rental yield

Housing is fairly valued at 5.5x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University of Mississippi Education
    10,000+
  2. 2
    Baptist Memorial Hospital-North Mississippi Healthcare
    1,000+
  3. 3
    Walmart Supercenter Retail
    500+
  4. 4
    City of Oxford Government
  5. 5
    Olin Corporation-Winchester Division Manufacturing
  6. 6
    Caterpillar Manufacturing
  7. 7
    Borg Warner Manufacturing
  8. 8
    Lafayette County School District Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Lafayette County U.S. National

The Numbers

DEMOGRAPHICS
Population
56,172
+0.8% YoY
Median Household Income
$59,748
Median Home Value
$242,800
+4.04% 12mo
Median Rent
$1,092
Average Annual Pay
$50,652
+6.4% YoY
Employment
25,442
+1.4% YoY
Income-to-Home-Value
0.2461
Near national average
Migration Inflow
5.08%
of pop. from another state
Bachelor's Degree+
45.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$488,500
Days on Market
86
Slower market
Months of Supply
4.3
Balanced market
Sale-to-List Ratio
97.5%
Negotiation room for buyers
Sold Above List
1.7%
Listings w/ Price Drops
9.4%
Building Permits (2024)
522
Single-Family Permits
450

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.2
per 100K · nat avg 6.3
Firearm Fatalities
11.2
per 100K · nat avg 14.8
Injury Deaths
67.7
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$994M
TOTAL
PROJECT AMOUNT STATUS
Uplands Wind Project (Lafayette County portion)
Pattern Energy
$500M Proposed
Oxford Residential and Commercial Construction
Various Developers
$305M Under Construction
State Route 7 Widening Project
Mississippi Department of Transportation (MDOT)
$139M Under Construction
Max D. Hipp Industrial Park Transformation & Upgrades
Oxford-Lafayette County Economic Development Foundation (EDF)
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +4.0% 73 percentile
Population Growth +0.8% 65 percentile
Income Growth +9.2% 66 percentile
Home Price Change +4.0% 83 percentile
Rent Growth +8.3% 96 percentile
Price/Rent 9x 98 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Lafayette County, MS a good place to move to?

With a Boom Town Index score of 74/100, Lafayette County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.4%, and median household income stands at $59,748 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MS.

Is Lafayette County affordable?

Lafayette County leans toward the expensive side. A median home value of $242,800 against an income-to-home-value ratio of 0.25 means housing eats a bigger share of local earnings than the national norm. Renters face $1,092/month on average.

Is Lafayette County growing or shrinking?

Lafayette County is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +1.4% clip — and home values reflect that momentum, rising +4.0% over the past 12 months.

Are people moving to Lafayette County?

In significant numbers — 5.08% of Lafayette County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Oktibbeha County, MS 75 Harrison County, MS 66 Rankin County, MS 65 Lamar County, MS 64 Lauderdale County, MS 62 Jackson County, MS 87 Fulton County, NY 74 Eddy County, NM 74