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These days, finding an affordable place to live in the 38847 area can be challenging. Home prices in 38847 are now at a median cost of $137,798, lower than the Mississippi average of $183,008.
The average cost of rent is $849/mo in 38847, primarily driven by the current value of real estate in the 38847 area. In 38847, 21.87% of households rent, and 68.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38847 is $3,757 per month. Households that rent pay about 22.58% of their income on rent here. 38847’s most expensive areas are in the northeastern 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
- 35582, AL: less expensive homes
- 38827, MS: higher priced homes
- 38838, MS: equally priced homes
- 35593, AL: less expensive homes
- 38859, MS: equally priced homes
- 38856, MS: less expensive homes
- 38855, MS: higher priced homes
- 35571, AL: less expensive homes
- 38824, MS: less expensive homes
- 35585, AL: higher priced homes
Zip Codes with Similar Populations
- 53573, WI: higher priced homes
- 75422, TX: higher priced homes
- 45786, OH: higher priced homes
- 56554, MN: higher priced homes
- 17302, PA: higher priced homes
- 78832, TX: less expensive homes
- 54950, WI: higher priced homes
- 35579, AL: equally priced homes
- 06756, CT: higher priced homes
- 71744, AR: less expensive homes
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