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Mississippi · Census place 24500

Fayette city, MS

Quick answer

Fayette city has 1,602 residents, ranking #154 of 427 places in Mississippi. Median household income is $25,383, the median home is worth $73,800 and median gross rent runs $416 a month.

Population
1,602Fayette city residents
Median household income
$25,383Past 12 months, inflation adjusted
Median home value
$73,800Owner-occupied units
Median gross rent
$416Rent plus utilities, monthly
Median age
35.2 yrsAll residents
Homeownership rate
50.3%Owner-occupied households

What the numbers mean in Fayette city

Housing cost measured against local earnings.

A household earning the Fayette city median would spend about 19.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 37.5% of residents and 50.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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