Home Equity and Home Prices in the 38652 Zip Code of New Albany, MS The 38652 zip code of New Albany, MS has a median home value of $131,000. This is lower than the national median home value of $177,500. The 38652 zip code also has a lower home equity percentage than the national average of 63%. This indicates that more homes in this zip code are worth less than their mortgages. The 38652 zip code has a lower home price to income ratio than the national average of 29%. This indicates that there are fewer homes in this zip code that are worth more than their annual incomes. There is evidence that suggests that homes in the 38652 zip code are selling faster and for less money than homes in other parts of Mississippi. In 2016, there were 2 sales per month for houses valued at under $100,000 and 1 sale per month for houses valued at over $1 million. These numbers are much higher than the national averages for both categories which hover around 1 sale per month. It is likely that factors contributing to these high rates of foreclosure and low prices include: low population density; lack of access to credit; and a lack of jobs or economic opportunities within commuting distance. Despite these challenges, it appears that some homeowners have been able to maintain their property values by making necessary repairs or upgrading their homes with new construction or remodeling projects.