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These days, finding an affordable place to live in the 38720 area can be challenging. Home prices in 38720 are now at a median cost of $87,572, lower than the Mississippi average of $183,008.
The average cost of rent is $762/mo in 38720, primarily driven by the current value of real estate in the 38720 area. In 38720, 12.64% of households rent, and 64.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38720 is $5,565 per month. Households that rent pay about 13.68% of their income on rent here. 38720’s most expensive areas are in the northern regions, while the cheapest areas are in the western 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
- 38767, MS: higher priced homes
- 38740, MS: less expensive homes
- 38630, MS: higher priced homes
- 38614, MS: higher priced homes
- 72328, AR: equally priced homes
- 72367, AR: equally priced homes
- 38645, MS: higher priced homes
- 72379, AR: less expensive homes
- 38963, MS: less expensive homes
- 38964, MS: less expensive homes
Zip Codes with Similar Populations
- 29683, SC: higher priced homes
- 84539, UT: equally priced homes
- 84522, UT: higher priced homes
- 83424, ID: higher priced homes
- 83287, ID: higher priced homes
- 82083, WY: higher priced homes
- 38387, TN: higher priced homes
- 36790, AL: higher priced homes
- 35745, AL: higher priced homes
- 35052, AL: higher priced homes
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