38965, Water Valley, MS

Water Valley, Mississippi is located in the southwestern corner of the state and is bordered by the Mississippi River to the south. The city has a population of just over 10,000 people and is home to several small businesses and agricultural operations. The 38965 zip code covers a total area of just under 2 square miles and has a median household income of just over $40,000.

The average home value in this zip code is just over $100,000 which makes it one of the more expensive areas in Mississippi. However, compared to other areas in the state, Water Valley's home values are relatively stable. Over the past five years, there has been an average increase of only 0.8% in home values within this zip code which indicates that there is some stability within the market.

One factor that may be contributing to this stability is that there are not many new homes being built in Water Valley. In fact, since 2010 there have only been six new homes constructed within this zip code which indicates that demand for housing here remains relatively strong. Additionally, while prices for homes have increased over time, they have not increased as quickly as they have elsewhere in Mississippi which may be due to stricter lending standards or slower economic growth here compared to other parts of the state.