What Are The Most Costly ZIP Codes In Mississippi? Zillow Information Reveals
Oxford, Mississippi, is residence to Ole Miss, the College of Mississippi. It is also residence to 1 amongst … [+]
We’ve been going state by state, analyzing and figuring out the costliest ZIP codes in every U.S. state. We’re significantly all through the states alongside the Mississippi River, having beforehand decided the costliest ZIP codes in Arkansas and Louisiana. Now, we’ve to flip to the state named for America’s mightiest river — Mississippi.
Many, if not most, housing markets all by means of america skilled a surge in homebuying prepare, starting a while in 2021. Price hikes cooled the frenzy, nonetheless costs are far and away above what that they’d been pre-pandemic. Mississippi witnessed the uptick in its residence values and homebuying prepare. However residence worth appreciation, entire, was nothing loopy.
Be taught on to hunt out out the costliest ZIP codes in Mississippi in 2024, based completely on the latest information from Zillow’s residence worth index.
The Most Costly ZIP Codes In Mississippi
We made use on information from Zillow’s residence worth index, plus the Census Bureau’s 2023 American Neighborhood Survey, we analyzed 1000’s of ZIP codes from all over the place throughout the U.S. We zeroed in on the 345 ZIP codes tracked by Zillow in Mississippi. As a part of our evaluation, we took into consideration the latest month-to-month residence values Zillow has — December 2024 — together with the frequent of 12 months of median residence values from January 2024 to December 2024.
The Prime 5 Most Costly ZIP Codes in Mississippi
ZIP code 39110 is the costliest one in Mississippi. This ZIP code is centered on Madison, which is north of the state capital of Jackson. It furthermore covers Annandale and Gluckstadt, and features a strip of coast alongside the Ross R Barnett Reservoir. Incomes in ZIP code 39110 are excessive, nonetheless are significantly excessive relative to Mississippi entire. The median family revenue correct proper right here is $122,955, whereas the frequent family revenue is $167,765. Dwelling values undoubtedly elevated during the last 5 years, nonetheless not on the strong charges that fully completely different ZIP codes we analyzed displayed. From $287,715 in December 2019, the median residence worth rose by 34.2%, surpassing $386,000 in 2023, and settling at $386,122 in December 2024.
Dwelling values surged much more all through the second costliest ZIP code — 38655. This ZIP code is centered on Oxford, the place the well-known college Ole Miss is positioned. However for comprehensible postal causes, this ZIP code doesn’t embrace the College of Mississippi itself. There’s a notable hole between median and point out revenue in ZIP code 38655. The median family revenue is $64,423, whereas the frequent family revenue is $103,067. Dwelling worth appreciation in 38655 was larger than all through the No. 1 costliest ZIP code. Over the 5 years from December 2019 to December 2024, the median residence worth rose by 57%, from $236,602 to $371,494. The one-year enchancment was a shocking 11.4% from December 2023’s median of $333,574.
The No. 3 costliest ZIP code is 38673 and it’s centered on Taylor, southwest of Oxford. This ZIP code covers an expanse of woodland, stuffed with many lovely properties. The median family revenue in 38673 is $89,150. The point out family revenue is solely barely higher, at $92,513. Dwelling values correct proper right here grew considerably during the last 5 years. In December 2019, the median residence worth was $226,570. It then proceeded to extend by higher than 60%, reaching $363,402 in December 2024. The house worth appreciation in only one yr was strong, at 9.5%, from a median of $363,402 in December 2023.
The No. 4 costliest ZIP code in Mississippi is 38651. It’s centered on Nesbit and covers an lovely suburban space south of — and all by means of the border from — Memphis, Tennessee. Incomes are excessive in ZIP code 38651, although very balanced within the case of distribution. The median family revenue is $96,667 and the frequent is $111,972. Dwelling worth appreciation was steadier correct proper right here than all through the No. 2 and no. 3 costliest ZIP codes. From $258,139 in December 2019, the median residence worth rose by 33.5%, to achieve $344,570 in December 2024.
The fifth costliest ZIP code in Mississippi is instantly south of the No. 4 costliest ZIP code. This one, 38632, is centered on Hernando and is kind of large, considerably from east to west. portion of this ZIP code lies alongside Arkabutla Lake. The median family revenue in 38632 is $90,277, whereas the frequent family revenue is $108,706. The median residence worth was $242,641 in December 2019. It elevated by 35.1% over the next 5 years, reaching $327,769 by December 2024.