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These days, finding an affordable place to live in the 38642 area can be challenging. Home prices in 38642 are now at a median cost of $149,498, lower than the Mississippi average of $183,008.
The average cost of rent is $708/mo in 38642, primarily driven by the current value of real estate in the 38642 area. In 38642, 23.04% of households rent, and 53.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38642 is $4,624 per month. Households that rent pay about 15.32% of their income on rent here. 38642’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 38647, MS: less expensive homes
- 38057, TN: higher priced homes
- 38046, TN: higher priced homes
- 38603, MS: less expensive homes
- 38039, TN: less expensive homes
- 38661, MS: higher priced homes
- 38066, TN: higher priced homes
- 38611, MS: higher priced homes
- 38067, TN: less expensive homes
- 38629, MS: equally priced homes
Zip Codes with Similar Populations
- 71762, AR: equally priced homes
- 47326, IN: higher priced homes
- 48740, MI: higher priced homes
- 03447, NH: higher priced homes
- 50833, IA: less expensive homes
- 51346, IA: equally priced homes
- 53576, WI: higher priced homes
- 53951, WI: higher priced homes
- 61284, IL: higher priced homes
- 62691, IL: less expensive homes
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