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City · 5,315 residents · Lafayette County, Mississippi
University is in Lafayette County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lafayette County. See the county
Data updated: October 1, 2026 11 official sources
The homes here
What homes there are in University, what they cost, how that changed and how people live, from Census figures (2020–2024).
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
| Measure | University | Lafayette County | Mississippi | United States |
|---|---|---|---|---|
| Typical home value | Boundaries changed | +58% | +43% | +53% |
| Typical rent | Boundaries changed | +14% | +22% | +33% |
| Typical household income | Boundaries changed | +34% | +25% | +29% |
The boundaries of University changed since 2015–2019, so the Census does not compare its figures from then and now. In Lafayette County, the typical home value rose 58%.
U.S. Census Bureau, ACS 5-year, 2020–2024
| Measure | University | Lafayette County | Mississippi | United States |
|---|---|---|---|---|
| Drive alone | 58% | 78% | 82% | 69% |
| Carpool | Unreliable estimate | 8% | 9% | 9% |
| Public transit | Unreliable estimate | 1% | 0% | 3% |
| Walk or bike | 28% | 3% | 1% | 3% |
| Work from home | Unreliable estimate | 9% | 6% | 15% |
| Other means | Unreliable estimate | Unreliable estimate | 1% | 2% |
| Typical commute | Unreliable estimate | 10 to 19 minutes | 20 to 29 minutes | 20 to 29 minutes |
More people walk or bike to work in University: 28%, against 3% in Lafayette County.
Do the math
The Census Bureau publishes no typical home value or typical household income for University, so we don't measure how heavy the payment is. Enter your own numbers in the calculator. The Census Bureau publishes no typical home value for University, so the calculator starts with the one for Lafayette County: $315,400. The rate is Freddie Mac’s weekly average (7.18%, November 5, 2026); yours may be different. The FHA and conventional loan limits are those of all of Lafayette County. Change the price, the down payment or the loan type and see how your payment changes.
The calculator's FHA and conventional loan limits are those of all of Lafayette County.
Starts at the typical home value in University. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
That is $11,039 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Estimated monthly payment
Local data$2,513
at 7.18% · 30 years
Includes $5,326 FHA upfront mortgage insurance premium.
Does it fit the income?
Type your income to see which tier this payment lands in.
| Principal & interest | $2,098 |
|---|---|
| Property tax | $145 |
| Home insurance | $131 |
| FHA mortgage insurance (MIP) | $139 |
You need at least $11,039 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,513; principal and interest $2,098.
The city and its county
University is in Lafayette County, Mississippi. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
University's own numbers
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lafayette County
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lafayette County.
Everything about Lafayette CountyBuying
The Census Bureau publishes no typical home value for University. Below are the numbers for Lafayette County.
According to FHFA’s house price index, home prices in Lafayette County rose 96% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lafayette County.
| Period | County | Mississippi | U.S. |
|---|---|---|---|
| Last year (2025) | +9.1% | +3.5% | +2.9% |
| 5 years (2020–2025) | +66% | +42% | +47% |
| 10 years (2015–2025) | +96% | +62% | +85% |
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Three numbers side by side. “Typical” means the median: half are above it and half below.
Data not available for this place
The Census Bureau publishes no typical home value for University, so we don't build this table. You can enter the price you're looking for in the calculator above.
Taxes and floods
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for University and for Lafayette County.
Data not available for this place
What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)
Exemptions and deadlines in MississippiFEMA does not publish these numbers by city: they are for all of Lafayette County.
| Measure | County | Mississippi | U.S. |
|---|---|---|---|
| Homes in the high-risk zone | 2.5% | 7.6% | 3.5% |
| Of those, with NFIP insurance | 13% | 33% | 48% |
Most homeowners insurance policies do not cover flood damage.
Look up your address on FEMA’s mapRenting
The Census Bureau publishes no typical rent for University. Below are the fair market rents for Lafayette County.
HUD publishes a fair market rent for all of Lafayette County, by unit size. To pay the 2-bedroom one ($1,255 a month) without spending more than 30% of your income, you would need to earn $24.13 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
| Size | Fair rent a month | Hourly wage | Yearly income |
|---|---|---|---|
| Studio | $1,011 | $19.44 | $40,440 |
| 1 bedroom | $1,017 | $19.56 | $40,680 |
| 2 bedrooms | $1,255 | $24.13 | $50,200 |
| 3 bedrooms | $1,502 | $28.88 | $60,080 |
| 4 bedrooms | $1,649 | $31.71 | $65,960 |
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). University is in ZIP code 38677.
For 2 bedrooms it is $1,260: $5 more than the fair market rent for Lafayette County ($1,255).
| ZIP code | Studio | 1 bd | 2 bd | 3 bd | 4 bd |
|---|---|---|---|---|---|
| 38677 | $1,010 | $1,020 | $1,260 | $1,510 | $1,660 |
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for University when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) (external site) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file (external site)
Is your rent high for your ZIP?Free help
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Lafayette County; 1 says it serves in Spanish.
HUD counseling is free or low-cost
No down payment, repair or rent-help program on our list is for University or Lafayette County. The ones below are statewide in Mississippi: they work in University the same as in the rest of the state.
Statewide in Mississippi
Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).
Deferred
Statewide in Mississippi
Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).
Deferred
Statewide in Mississippi
Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).
Grant
The HUD-approved agencies closest to the center of University, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
North Mississippi Rural Legal Services
493 Ryland Way, Oxford · 2 miles away · Spanish
Tunica Co. Community Dev. Coalition
1097 Antioch St, Tunica · 53 miles away
Southern Bancorp Community Partners
875 S State St, Clarksdale · 61 miles away
Every agency in Lafayette County All counseling agencies in Mississippi
1 of the 3 agencies on this list says it serves in Spanish.
Ask for service in Spanish
When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.
No legal help resource on our list is for University or Lafayette County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Cities
These cities are also in Lafayette County. They share its loan limits and fair market rents, but home values and rent change from one to the next.
The cities closest to University, with the typical home value.
If Lafayette County is out of reach, look next door. Each number is that county's own.
Keep going
Short explanations, in plain language and with official sources, for buying or renting in University.
Questions
Short answers with the numbers for University and all of Lafayette County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
University uses the FHA limit for all of Lafayette County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
There is 1 HUD-approved counseling agency with an office in Lafayette County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).
