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These days, finding an affordable place to live in the 38862 area can be challenging. Home prices in 38862 are now at a median cost of $130,805, lower than the Mississippi average of $183,008.
The average cost of rent is $891/mo in 38862, primarily driven by the current value of real estate in the 38862 area. In 38862, 34.60% of households rent, and 56.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38862 is $4,595 per month. Households that rent pay about 19.39% of their income on rent here. 38862’s most expensive areas are in the southern 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
- 38879, MS: equally priced homes
- 38858, MS: less expensive homes
- 38868, MS: higher priced homes
- 38804, MS: higher priced homes
- 38857, MS: higher priced homes
- 38801, MS: higher priced homes
- 38826, MS: higher priced homes
- 38843, MS: higher priced homes
- 38870, MS: higher priced homes
- 38863, MS: higher priced homes
Zip Codes with Similar Populations
- 75846, TX: higher priced homes
- 38488, TN: higher priced homes
- 42020, KY: higher priced homes
- 43149, OH: higher priced homes
- 43977, OH: equally priced homes
- 58538, ND: less expensive homes
- 62903, IL: higher priced homes
- 64779, MO: equally priced homes
- 65349, MO: less expensive homes
- 65717, MO: higher priced homes
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