Similar to the surrounding areas, it's substantially less expensive compared to the rest of the country. Compared to the city of Memphis, it's significantly less expensive.
Home prices
The median home cost in Lula is $47,000. In comparison to its surrounding areas it is about $1,600 (3%) lower.It is approximately $170,500 (78%) lower in comparison to the United States as a whole, and compared to the city of Memphis it is about $54,800 (53%) lower.
Rents
The median monthly rent in Lula is $264. It is roughly $262 (49%) lower in comparison to the surrounding areas.It is roughly $798 (75%) lower in comparison to the nation as a whole, and in comparison to the city of Memphis is roughly $637 (70%) lower.
Nearby places
Coahoma
Coahoma is about 6 miles south from Lula. Its housing prices are a lot less expensive. The median home in Coahoma costs $31,700, which is $15,300 (48%) lower than Lula. Rent there is a lot more expensive. In Coahoma the median rent is $425 per month, which is $161 (37%) higher than Lula.
Helena-West Helena
Helena-West Helena is about 9 miles northwest from Lula. Real estate prices there are substantially more expensive. The median home in Helena-West Helena costs $73,400, which works out to $26,400 (35%) higher than Lula. Rents there are significantly more expensive. The median monthly rent in Helena-West Helena is $582, which is $318 (54%) higher than Lula.
Jonestown
Jonestown is roughly 9 miles south of Lula. Housing prices there are a bit less expensive. Jonestown's median home price is $42,100, which works out to $4,900 (11%) lower than Lula. Its rents are somewhat more expensive. Jonestown's median rent is $388 per month, which works out to $124 (31%) higher than Lula.
Friars Point
Friars Point is about 10 miles southwest from Lula. Its real estate prices are somewhat more expensive. The price of the median home in Friars Point is $62,000, which works out to $15,000 (24%) higher than Lula. Rent there is substantially more expensive. The median rent in Friars Point is $484 a month, which comes out to $220 (45%) higher than Lula.
Falcon
Falcon is approximately 12 miles southeast from Lula. The real estate prices there are substantially less expensive. The median home cost in Falcon is $33,800, which comes out to $13,200 (39%) lower than Lula. The rent there is a lot more expensive. In Falcon the median rent is $753 a month, which comes out to $489 (64%) higher than Lula.
