The story of this market
The typical home in ZIP 39232 sells for about $429,900, or $195 per square foot.
Prices are up +27.7% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,432 a month.
ZIP 39232 — Flowood
The 39232 housing market is experiencing strong appreciation and high demand, driven by its status as a premier suburban destination in the Jackson metro area. Low inventory and consistent population growth are pushing prices upward, with a median listing price of $429,900. The market remains competitive, supported by a robust local economy and high-quality school district.
This ZIP is ideal for families and professionals seeking suburban amenities, high-quality schools, and proximity to major retail hubs while maintaining a manageable commute to Jackson.
Median prices moved up 27.7% year over year.
Homes spend a median of 48 days on market with 4.5 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · 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 7.9%/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 7.0%/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 39232, Rankin County MS
Crime rates in the Flowood area are generally considered lower than the city of Jackson, with the ZIP code benefiting from the suburban safety profile of Rankin County.
The area is served by the Rankin County School District, which maintains a generally positive reputation for academic performance and facilities compared to neighboring urban districts.
The area is subject to standard Mississippi flood and wind risks; property insurance premiums have seen upward pressure due to regional severe weather patterns.
Flowood is a major commercial and retail hub for the Jackson metro, featuring significant ongoing development along the Lakeland Drive corridor and near the Ross Barnett Reservoir.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Mississippi) — Ad Valorem Property Tax: Formula: (True Value × Assessment Ratio) × Millage Rate = Taxes. Class I (single-family owner-occupied) is assessed at a 10% ratio. Homestead exemptions for homeowners over 65 or disabled provide an exemption on the first $7,500 of assessed value.
Residents primarily commute via Lakeland Drive (MS-25) to reach downtown Jackson or the I-55/I-20 interchange, with typical drive times ranging from 15 to 25 minutes.
The ZIP features extensive access to the Ross Barnett Reservoir for boating and fishing, numerous local parks, and proximity to major shopping centers like Dogwood Festival Market.
The rental market is characterized by high demand for newer suburban housing, with low vacancy rates and consistent rent growth supported by the area's strong employment base.
The economy is anchored by retail, healthcare, and professional services, with significant employment provided by the nearby medical corridor and regional commercial centers.
The area is heavily reliant on personal vehicles, with Lakeland Drive serving as the primary arterial corridor connecting to the broader Jackson metro highway network.
Development is focused on mixed-use commercial expansion along the MS-25 corridor and continued residential growth in the suburban periphery.
Rankin County utilizes a standard assessment regime with periodic reappraisals to ensure property values align with market conditions.
Parcels are subject to Rankin County School District taxes and various utility district assessments for water and sewer services.
Property insurance remains stable but sensitive to regional weather events; homeowners are advised to maintain adequate coverage for wind and hail.
Mississippi has experienced modest net domestic migration shifts, with suburban areas like Flowood attracting residents from the urban core.
Mississippi is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Sellers are required to provide a property condition disclosure statement, though the state maintains a 'caveat emptor' (buyer beware) tradition in many real estate transactions.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- PARTY SAFARI3.44.3 mi
- Urban Air Trampoline and Adventure Park4.55.5 mi
- Sky Zone Trampoline Park4.45.5 mi
- DEFY Jackson4.41.5 mi
- Chuck E. Cheese3.95.6 mi
- Golden Corral Buffet & Grill4.11.2 mi
- Brandon Amphitheater4.75.7 mi
- Mississippi Coliseum4.34.3 mi
- Mississippi Veterans Memorial Stadium4.44.5 mi
- Table 1004.62.1 mi
- Northpark4.25.8 mi
- Cinemark Pearl and XD4.44.3 mi
- LeFleur's Bluff State Park Mayes Lake4.52.8 mi
- Mississippi Children's Museum4.73.2 mi
- Mississippi Museum of Natural Science4.73.2 mi
- Mississippi Children's Museum4.73.2 mi
- Mississippi Museum of Natural Science4.73.2 mi
- Mississippi Civil Rights Museum4.84.6 mi
- Mississippi Petrified Forest4.618.5 mi
- Mississippi Museum of Art4.75.2 mi
- LeFleur's Bluff State Park Mayes Lake4.52.8 mi
- Freedom Ridge Park4.67.1 mi
- The Jackson Zoo3.27.1 mi
- Winners Circle Park4.82.9 mi
- Traceway Park4.512.1 mi
- Jackson Yacht Club4.67.5 mi
- The Refuge Golf Course4.40.6 mi
- Outlets of Mississippi4.54.4 mi
- Northpark4.25.8 mi
- Renaissance at Colony Park4.68.3 mi
- T.J. Maxx4.32.6 mi
- Ross Dress for Less4.22.4 mi
- Jackson-Medgar Wiley Evers International Airport3.81.4 mi
- VA Medical Center Jackson4.43.8 mi
- Jackson Municipal Airport Authority4.21.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional retail and dining destination.
Large recreational lake offering boating, fishing, and trails.
Features walking trails and green space.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).