The story of this market
The typical home in ZIP 38820 sells for about $165,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 38820 — Algoma
The housing market in 38820 remains stable, characterized by modest price appreciation and consistent demand for entry-level and mid-range homes. Limited inventory continues to support current pricing levels, though the pace of sales has moderated compared to previous years. Local economic stability in manufacturing and education provides a solid foundation for the residential market.
This ZIP is well-suited for families and long-term residents seeking an affordable, small-town lifestyle with access to essential services and a stable community environment.
Median prices moved up 2.1% year over year.
Homes spend a median of 52 days on market with 4.2 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 16.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 38820, Monroe County MS
Crime rates in Amory are generally consistent with regional averages for small-town Mississippi, with property crime being the primary concern.
The area is served by the Amory School District, which maintains a solid reputation for academic performance relative to surrounding rural districts.
The region faces moderate risk from severe thunderstorms and occasional wind events, with standard flood insurance requirements for properties located in low-lying areas near the Tombigbee River.
Economic momentum is driven by local manufacturing and healthcare sectors, with steady but modest infrastructure investment in the surrounding Monroe County area.
Property taxes are assessed by Monroe County based on a millage rate applied to the assessed value of real property, with standard homestead exemptions available for primary residences.
Commutes are primarily car-dependent, with most residents traveling to local employment hubs in Amory or nearby Tupelo via US-278.
The area features access to the St. Louis-San Francisco Railway Trail and proximity to the Tombigbee River for outdoor activities, alongside local community parks.
The rental market is characterized by low vacancy pressure and steady demand from local workforce participants, with limited short-term rental activity.
The local economy is anchored by manufacturing, healthcare, and retail trade, serving as a regional hub for Monroe County.
Transportation is dominated by private vehicle use, with US-278 serving as the primary arterial corridor for regional connectivity.
Development is focused on small-scale commercial infill and residential maintenance within the city limits.
The Monroe County Tax Assessor manages property valuations, conducting periodic reappraisals to ensure tax equity.
Parcels are subject to county-wide school district taxes and local municipal utility assessments.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available through major national and regional carriers.
Data retrieved from Census Bureau ACS and World Population Review profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A central community park offering green space and recreational facilities.
Provides regional access for fishing, boating, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.