39482, Sumrall, MS

The 39482 zip code of Sumrall, MS is located in the northwestern part of the state and has a population of about 10,000. The median household income in this zip code is $41,000, which is lower than the statewide median household income of $51,046. The percentage of households that are renters is higher than the statewide percentage of renters at about 30%. The percentage of households that own their homes is also lower than the statewide percentage of homeowners at about 60%.

The average home value in this zip code is $101,500 which is lower than the statewide average home value of $157,500. The percentage of homes that are owned by individuals who are not homeowners is also higher than the statewide percentage at about 25%. About one-third (33%)of all homes in this zip code are occupied by people who are not homeowners.

There have been recent changes to home values and home equity in this zip code. In January 2018, there was a 1% decrease in home values compared to January 2017. This decrease was primarily due to decreases in both single-family and multi-family properties. In January 2018, there was an increase in single-family property values (+5%), but no change for multi-family properties (-1%). Home equity decreased by 2% from January 2017 to January 2018. This decrease was due to decreases for both single-family (-4%) and multi-family (-2%) properties. These changes may be indicative of slower market growth or more cautious lending practices by lenders since President Trump took office on Jan 20th, 2017.