Algoma, MS housing market
The typical Algoma home is worth about $244,000, up 5.4% in a year, 24% above the Mississippi typical home.
Home values, sales, trends and how Algoma compares with the towns next door — updated as new data is published.
Algoma at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2021–2026
Show as a table
| January | Algoma | Mississippi |
|---|---|---|
| 2022 | $223,000 | $185,000 |
| 2023 | $212,000 | $188,000 |
| 2024 | $210,000 | $188,000 |
| 2025 | $228,000 | $195,000 |
| 2026 | $240,000 | $195,000 |
| August 2026 | $244,000 | $198,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,170
HUD's Fair Market Rent for a two-bedroom in Algoma is $1,170 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Algoma pay a median of $864, so moving in tends to cost more than staying put.
Studio $990 · 4 bedrooms $1,550
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38863; Lafayette County, MS), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.