38801, Tupelo, MS

The 38801 zip code of Tupelo, MS has a median home value of $101,000 and a median home equity value of $87,000. These values are lower than the statewide median home value of $177,500 and statewide median home equity value of $130,000. This indicates that there is more demand for homes in the 38801 zip code than there is available homes.

There are several factors that could contribute to this trend. One reason may be that the 38801 zip code is located in a desirable area with access to both urban and rural areas. Additionally, the 38801 zip code has a low unemployment rate and high levels of education attainment. These factors could make it more difficult for people to find affordable housing options in this area.

Another possible explanation for the low home values in the 38801 zip code is that there are not many new homes being built in this area. Over the past few years, there have been significant increases in prices for existing homes rather than new homes entering the market. As a result, homeowners who have already purchased homes may be able to sell them at higher prices than would be possible if more new homes were available.