38804, Tupelo, MS

The 38804 zip code of Tupelo, MS is located in the southeastern region of Mississippi. The population of this zip code was 34,811 as of the 2010 census. The median household income in this zip code was $41,902 as of 2010. Home equity and home prices in this zip code are among the highest in Mississippi.

Home equity is the difference between a homeowner's total assets and their outstanding debt on their home. Home prices are the price at which homes are sold or offered for sale. In general, home prices rise when there is strong demand and fall when there is weak demand. In Tupelo, MS, both home equity and home prices have been rising for several years now. This has led to a significant increase in homeowners' net worths nationwide.

As of December 31st, 2016, there were 191 properties listed for sale in the 38804 zip code with an average asking price of $269,000. This represents an increase of 9% from 2015 and a 128% increase from 2009 when the average asking price was $105,000. The number of properties listed for sale has increased steadily since 2009 despite a decrease in population over that time period (from 36,527 to 34,811). This indicates that there is strong demand for housing in this area despite a decline in available inventory due to increasing demand from buyers rather than decreasing supply due to population growth or construction activity。

The 38804 zip code has seen particularly high levels of appreciation over the past few years due to strong demand from buyers rather than decreased supply caused by population growth or construction activity。 According to Zillow's analysis of data from Realtor Associationof America (RAA) member real estate firms across America，the average national gain on a single-family detached house during January 2017 through November 2017 was 2%. In comparison，the national gain on single-family detached houses during January 2017 through November 2016 was 1%. This indicates that homes were selling faster nationally during 2017 than they did during 2016，which likely contributed to increased appreciation rates across all markets within America。

"Inventory levels have not kept up with recent sales trends," said Daren Blomquist vice president at Zillow Group . "This mismatch between buyer interest and available inventory can lead to rapid escalation in prices."