The story of this market
The typical home in ZIP 38849 sells for about $315,000, or $145 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 134 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $908 a month.
ZIP 38849 — Guntown
The 38849 housing market is experiencing steady demand with a median listing price of $315,000 and a moderate inventory level. Market conditions remain balanced, supported by consistent regional economic growth and proximity to major employment hubs in Tupelo. Buyers are finding more negotiating room compared to previous years, though price growth remains positive.
This ZIP is well-suited for families and commuters seeking a suburban lifestyle with more affordable housing options compared to the immediate Tupelo city center, while maintaining easy access to regional amenities.
Median prices moved up 3.2% year over year.
Homes spend a median of 134 days on market with 4.8 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 13.6% — 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 7.4%/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 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 38849, Lee County MS
Schools in the Guntown area are primarily served by the Tupelo Public School District and Lee County School District, generally maintaining average state performance ratings.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near creeks.
Guntown benefits from its proximity to the Tupelo employment hub, with ongoing residential development driven by regional population growth and infrastructure improvements along the Highway 45 corridor.
Property taxes are assessed at the county level by Lee County based on fair market value, with standard homestead exemptions available for primary residences.
Residents primarily commute via Highway 45 to reach major employment centers in Tupelo, typically resulting in a 15-20 minute drive.
Local recreation includes access to nearby community parks and proximity to the Natchez Trace Parkway for outdoor activities, with major shopping and dining located in nearby Tupelo.
The rental market is characterized by steady demand from local workers, with limited inventory and moderate rent growth consistent with the broader Lee County region.
The economy is anchored by the manufacturing, healthcare, and retail sectors in the greater Tupelo-Lee County area, which serves as a regional economic hub.
Transportation is heavily reliant on private vehicles, with Highway 45 serving as the primary arterial route for regional connectivity.
Development is focused on low-density residential subdivisions and small-scale commercial expansion along the main highway corridors.
Parcels are subject to Lee County property taxes and specific school district levies; no major MUD/PID districts are prevalent.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available for wind and hail.
Data retrieved from data.census.gov for ZCTA 38849.
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 major scenic route and recreational corridor passing near the area.
Local community space for outdoor recreation and youth sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.