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These days, finding an affordable place to live in the 38940 area can be challenging. Home prices in 38940 are now at a median cost of $104,944, lower than the Mississippi average of $183,008.
The average cost of rent is $848/mo in 38940, primarily driven by the current value of real estate in the 38940 area. In 38940, 16.13% of households rent, and 47.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38940 is $5,395 per month. Households that rent pay about 15.71% of their income on rent here. 38940’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 38920, MS: less expensive homes
- 38901, MS: higher priced homes
- 38950, MS: less expensive homes
- 38928, MS: higher priced homes
- 38925, MS: higher priced homes
- 38944, MS: less expensive homes
- 38952, MS: less expensive homes
- 38929, MS: higher priced homes
- 38737, MS: equally priced homes
- 38771, MS: less expensive homes
Zip Codes with Similar Populations
- 67950, KS: equally priced homes
- 38580, TN: higher priced homes
- 39176, MS: higher priced homes
- 46951, IN: higher priced homes
- 47951, IN: equally priced homes
- 57570, SD: less expensive homes
- 61030, IL: higher priced homes
- 63015, MO: higher priced homes
- 63937, MO: higher priced homes
- 64742, MO: higher priced homes
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