Photo: Chillin662 · CC BY-SA 4.0Measured against area pay, Lambert costs less to live in than 54% of U.S. towns
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of Quitman County, MS ($32K). How TownRatings grades cost of living
Only 0 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across Quitman County earn ($32K, Census 2020–24). The typical home costs 1.9 years of area income, and 32% of renters pay 30% or more of income for housing.
In dollars
- $870a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 1.9 yrsof area income buys the typical home; the typical U.S. town: 3.3$32K, Quitman County income
- 27%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 32%of renters pay 30%+ of income for housing; across Mississippi: 51%Census 2020–24
- 21%of owners do; the typical U.S. town: 20%Census 2020–24
The short version on homes in Lambert
Low tax bills, but a high tax rate
The median tax bill is $752, under the Mississippi median of $1,215, because homes cost less. As a share of value, though, it’s 1.21% a year, against 0.72% statewide. Property taxes ↓
Most Lambert households rent
55% of households rent their home, 204 in all, against 30% across Mississippi. Renting ↓
An older housing stock
Half of Lambert’s homes were built before 1964, against 1986 for Mississippi as a whole. Older homes can mean character, and also bigger heating and repair bills, so an inspection matters. Property taxes ↓
Written from the data on this page. There’s no Zillow index for Lambert, so the typical value is the Census median; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Lambert’s grade
Measured against what households in the area earn, Lambert is more affordable than 54% of U.S. towns. Rent pulls the grade down most; home prices hold it up.
A year’s rent takes 27% of area income
The calculator starts from the area income the grade uses. Switch to Lambert’s own median, or type yours.
That covers a typical Lambert home, with $57K to spare.
A two-bedroom rents for about $870 a month here, $480 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lambert’s typical property tax (1.21% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $870
Renters already here pay a median of $725, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Coahoma County, MS): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Low tax bills, but a high tax rate
The median bill is $752, under the Mississippi median of $1,215, because homes cost less. As a share of value it’s 1.21% a year, against 0.72% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Lambert and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Lambert | B− | — | $62K | 1.21% | $870 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Lambert
Is Lambert expensive to live in?
Measured against what households in the area earn, Lambert costs less than 54% of U.S. towns: a B− for cost of living. The typical home costs 1.9 years of the median household income of Quitman County, MS ($32K).
How much is rent in Lambert?
HUD puts a two-bedroom at about $870 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $725 (Census 2020–24).
What are property taxes in Lambert?
The median bill is $752 a year, 1.21% of the median home value (Mississippi: $1,215, 0.72%), from the Census 2020–24.
Neighbors talk housing
What Lambert buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.