1396 Russell Manor Extension

Property details·Meridian, Lauderdale County, Mississippi·137360000000003501

3Beds
2.5Baths
2,150Sq ft
1.30Acres
1988Built

Location & Identity

Address

1396 Russell Manor Extension

Meridian, MS 39301

Lauderdale County

Parcel ID

137360000000003501

Coordinates

32.405194, -88.615529

Owner & Record Identity

Owner Name
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Building details

Bedrooms
3
Bathrooms
2.5
Full / half
2 full · 1 half
Square footage
2,150
Stories
1.5
Year built
1988
Garage
4-car
Building style
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Building condition
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Heating & AC
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Pool & features
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Land & lot

Lot size
1.30 acres
Property type (local use code)
1001
Land area
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Lot dimensions
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County context

Lauderdale County 2026 Insights

Meridian's Shadow: Housing in Lauderdale County, Mississippi

Lauderdale County sits at a crossroads — literally and figuratively. Anchored by Meridian, the county seat that once billed itself as a regional hub for healthcare, rail commerce, and arts (the birthplace of Jimmie Rodgers, the "Father of Country Music"), this corner of east-central Mississippi tells a story of resilience stretched thin. The numbers here aren't just statistics; they're the fingerprints of deindustrialization, generational poverty, and a housing market that is simultaneously one of the most accessible and most burdensome in the country.

A Market That Looks Affordable Until It Isn't

At first glance, a median home value of $124,500 looks like a buyer's paradise — less than 40% of the national median of $320,000. But the real story is in the ratio. With a median household income of $50,033, Lauderdale's price-to-income multiple sits around 2.5x, well below the national benchmark of 4x. Homeownership at 63.2% reflects this accessibility, and the dominance of single-family homes (61.9% of housing stock) gives the county a stable, rooted character.

The problem is renters. A median rent of $897 against that same income base produces a rent burden of 45% — far above the 30% threshold that economists flag as distress. More alarming: 26.3% of renters are severely cost-burdened, spending over half their income on housing. When you're renting in Lauderdale County, affordable looks like anything but.

Key Statistics

StatValueContext
Median Home Value$124,50039% of the $320,000 national median
Rent Burden45.0%Far exceeds the 30% distress threshold
Child Poverty Rate37.7%Nearly 3 in 8 children live in poverty
Vacancy Rate14.9%Signals population pressure and disinvestment

The Income Inequality Problem

Lauderdale's Gini Index of 0.497 is striking. For context, a score of 0.5 represents near-maximum measurable inequality, and most U.S. counties sit in the 0.42–0.46 range. This isn't just a poverty story — it's a divergence story, where a professional class anchored by institutions like Rush Health Systems and Mississippi State University's Meridian campus coexists with a population where 25.1% live below the poverty line and 18.4% rely on SNAP benefits.

A labor force participation rate of just 54.4% — versus roughly 63% nationally — suggests that many residents have simply exited the formal economy, a pattern common in post-industrial Southern counties where the manufacturing base eroded decades ago.

Infrastructure and the Digital Divide

A 14.9% housing vacancy rate points to slow depopulation, yet 82.9% broadband access and 92.1% computer ownership suggest the county is investing in its digital future. The "Limited English" figure of 17.8% is notably high for rural Mississippi and likely reflects the growing Latino workforce drawn to poultry processing and construction trades in the region.


FAQs

What makes Lauderdale County, Mississippi unique? Lauderdale is one of the few places in America where you can own a home for well under $130,000, yet renters face near-crisis affordability conditions — a split market that reflects deep income inequality rather than a simple supply-and-demand story.

Is Lauderdale County a good place to buy a home? For buyers, the price-to-income ratio is genuinely favorable, and homeownership rates above 63% confirm that people are taking advantage of low values. The risk factors are economic: a high poverty rate, elevated unemployment, and a 14.9% vacancy rate suggest limited appreciation potential compared to growth markets.

Why is child poverty so high in Lauderdale County? At 37.7%, child poverty here reflects compounding factors — low labor force participation, a legacy of industrial job loss in Meridian, and limited educational attainment (nearly 15% of adults lack a high school diploma) that makes intergenerational mobility difficult to achieve.

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