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These days, finding an affordable place to live in the 38620 area can be challenging. Home prices in 38620 are now at a median cost of $138,031, lower than the Mississippi average of $183,008.
The average cost of rent is $939/mo in 38620, primarily driven by the current value of real estate in the 38620 area. In 38620, 17.09% of households rent, and 59.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38620 is $5,846 per month. Households that rent pay about 16.07% of their income on rent here. 38620’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 38658, MS: less expensive homes
- 38606, MS: equally priced homes
- 38927, MS: less expensive homes
- 38622, MS: less expensive homes
- 38965, MS: equally priced homes
- 38673, MS: higher priced homes
- 38646, MS: less expensive homes
- 38643, MS: less expensive homes
- 38623, MS: less expensive homes
- 38677, MS: equally priced homes
Zip Codes with Similar Populations
- 29018, SC: less expensive homes
- 64011, MO: higher priced homes
- 65734, MO: higher priced homes
- 66757, KS: equally priced homes
- 67045, KS: less expensive homes
- 73019, OK: higher priced homes
- 76487, TX: higher priced homes
- 87042, NM: higher priced homes
- 87552, NM: higher priced homes
- 56373, MN: higher priced homes
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