39039, Benton, MS

The 39039 zip code of Benton, MS is located in the Mississippi Delta region and has a population of around 20,000. The median home value in this zip code is $105,000 which is lower than the statewide median home value of $177,500. The average home equity in this zip code is $27,000 which is lower than the statewide average home equity of $41,200. There are a total of 3,898 homes in this zip code and 1% of these homes are vacant. The majority (92%) of homes in this zip code are occupied by families which suggests that homeownership rates are high in this area.

There have been recent increases in home prices within the 39039 zip code over the past few years. Between January 2016 and January 2017 alone, the median home price increased by 5%. This increase can likely be attributed to factors such as low interest rates and an improving economy. Despite these recent increases, however, homeownership rates remain relatively high compared to other areas within Mississippi. In fact, according to Zillow’s Home Value Index for ZIP Codes within 100 miles of Jackson (MS), Benton ranks as the 8th most affordable ZIP Code out of 994 ZIP Codes surveyed nationwide. This suggests that there remains room for growth within this market if buyers feel confident about purchasing a property here.