The story of this market
The typical home in ZIP 38873 sells for about $143,000, or $98 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $497 a month.
ZIP 38873 — Tishomingo
The 38873 housing market remains stable with low inventory and modest price adjustments consistent with broader rural Mississippi trends. Demand is driven by local buyers seeking affordable single-family homes, though limited new construction keeps supply tight. Market activity is currently balanced, reflecting a cautious approach from both buyers and sellers in the current interest rate environment.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs and proximity to outdoor water-based recreation.
Median prices moved down 1.2% year over year.
Homes spend a median of 88 days on market with 6.2 months of supply — a balanced-paced 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 0.5% · poverty 15.5% — 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 4.6%/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 4.6%/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 38873, Tishomingo County MS
Crime rates in the Tishomingo area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the area are part of the Tishomingo County School District, which provides standard public education services for the rural community.
The area is subject to standard regional risks including severe thunderstorms and occasional high winds, with flood risk concentrated near local creek beds.
Economic momentum is driven by local manufacturing, agriculture, and small-scale retail, with limited large-scale industrial development currently underway.
Property taxes are assessed at the county level by Tishomingo County, utilizing a standard millage rate applied to the assessed value of real property.
Residents primarily rely on personal vehicles for commuting, with travel times to regional employment hubs in Iuka or Corinth typically exceeding 30 minutes.
The area offers access to outdoor recreation including proximity to Pickwick Lake and various state park trails, with limited local shopping and dining options.
The rental market is characterized by low inventory and high demand for single-family detached homes, with limited multi-family options available.
The local economy is anchored by manufacturing, timber, and agricultural sectors, with many residents commuting to larger industrial employers in neighboring counties.
Transportation is almost exclusively dependent on private vehicle use, with no public transit infrastructure serving the rural geography.
There are no major commercial or residential master-planned developments currently approved or under construction within the ZIP code.
The Tishomingo County Tax Assessor manages property valuations, with assessments typically updated on a periodic cycle to reflect market changes.
Parcels are subject to Tishomingo County School District taxes and standard county-wide fire and emergency service district levies.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available for wind and fire hazards.
Mississippi is a non-judicial foreclosure state, allowing for efficient processing of defaults through trustee sales.
Mississippi law requires sellers to provide a property condition disclosure statement, though it is limited in scope compared to other states.
Data retrieved from data.census.gov for ZCTA 38873.
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.
Features scenic rock formations, hiking trails, and fishing opportunities.
Major regional destination for boating, fishing, and water sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.