The story of this market
The typical home in ZIP 39740 sells for about $145,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $743 a month.
ZIP 39740 — Caledonia
The housing market in 39740 remains stable with low inventory and modest price appreciation. Demand is driven by local workforce needs and affordability, though limited new construction keeps the market tight. Overall, the area reflects a steady, slow-growth rural environment.
This ZIP is best suited for local families, retirees, and budget-conscious buyers seeking affordable housing in a quiet, rural setting.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
12% 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 3.7% · poverty 10.7% — 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 4.8%/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 4.3%/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 39740, Itawamba County MS
Crime rates in this area are generally consistent with regional averages for rural Mississippi, with property crime being the primary concern.
Schools in this area are part of the local county district, which generally faces challenges with funding and standardized test performance compared to state averages.
The area is subject to seasonal severe thunderstorm and tornado risks common to the region; flood insurance is recommended for properties near local waterways.
Economic momentum is modest, driven primarily by local agriculture, small-scale retail, and public sector employment.
Property taxes are assessed at the county level based on millage rates applied to the assessed value of real property, with homestead exemptions available for primary residences.
Commutes are primarily car-dependent, with most residents traveling to nearby county seats for employment and essential services.
Recreation is centered on outdoor activities, including local parks, hunting, and fishing opportunities in the surrounding rural landscape.
The rental market is characterized by low turnover and limited inventory, with demand primarily driven by local workforce needs.
The economy is anchored by agriculture, manufacturing, and local government services, with limited industrial diversification.
Transportation is almost exclusively via private vehicle, with no significant public transit infrastructure available.
There are no major large-scale commercial or residential developments currently in the pipeline for this ZIP code.
The county appraisal district conducts periodic reassessments to determine property values for tax purposes.
Parcels are subject to county-wide school district taxes and local fire protection district assessments.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure.
Net domestic migration is stable, with modest population shifts typical of rural Mississippi counties.
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' tradition in real estate.
Data retrieved from data.census.gov 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.
Provides local fishing and outdoor recreation space.
Small local commercial district serving the immediate area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.