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These days, finding an affordable place to live in the 38740 area can be challenging. Home prices in 38740 are now at a median cost of $74,000, lower than the Mississippi average of $183,008.
The average cost of rent is $709/mo in 38740, primarily driven by the current value of real estate in the 38740 area. In 38740, 18.68% of households rent, and 57.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38740 is $3,863 per month. Households that rent pay about 18.37% of their income on rent here. 38740’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 38720, MS: higher priced homes
- 38767, MS: higher priced homes
- 38774, MS: less expensive homes
- 38781, MS: higher priced homes
- 38746, MS: less expensive homes
- 72328, AR: higher priced homes
- 72379, AR: equally priced homes
- 38614, MS: higher priced homes
- 38768, MS: higher priced homes
- 38738, MS: higher priced homes
Zip Codes with Similar Populations
- 55931, MN: higher priced homes
- 53969, WI: higher priced homes
- 54513, WI: higher priced homes
- 54928, WI: higher priced homes
- 55090, MN: higher priced homes
- 55749, MN: higher priced homes
- 55756, MN: higher priced homes
- 91759, CA: higher priced homes
- 55787, MN: higher priced homes
- 53557, WI: higher priced homes
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