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Affordable
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These days, finding an affordable place to live in the 38723 area can be challenging. Home prices in 38723 are now at a median cost of $88,000, lower than the Mississippi average of $183,008.
The average cost of rent is $1,075/mo in 38723, primarily driven by the current value of real estate in the 38723 area. In 38723, 17.09% of households rent, and 39.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38723 is $5,614 per month. Households that rent pay about 19.15% of their income on rent here. 38723’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 38748, MS: equally priced homes
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Zip Codes with Similar Populations
- 42037, KY: equally priced homes
- 36913, AL: less expensive homes
- 37732, TN: higher priced homes
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