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Redwater, MS
Full City Profile · Mississippi · Leake County County
2.9
/5.0
C+
Fair
671
Population
64/sq mi density
$60,333
Median Income
$11,342 per capita
$128,200
Home Value
$160,606 Zillow
$569
Median Rent
28.1% income on rent
64°F
Avg Temperature
304 sunny days/yr
660
Violent Crime/100K
4,217 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Economy
1.8 / 5.0
$60,333 median income, 11.0% unemployment
A+
Affordability
5.0 / 5.0
$128,200 home value, $569/mo rent
F
Safety
1.0 / 5.0
660 violent crimes/100K (74% above avg)
B+
Education
3.9 / 5.0
36.7% bachelor's degree or higher
Housing Overview
Median Home Value
$128,200
55% below
US avg: $281,900
Median Rent
$569/mo
51% below
US avg: $1,163/mo
Homeownership Rate
77.9%
19% above US avg (65.4%)
Total Housing Units
288
Median year built: 1996
Home Value by Source
Census Median
$128,200
Zillow (ZHVI)
$160,606
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.9%
Owner-Occupied
22.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$751/mo
1 Bedroom
$782/mo
2 Bedroom
$924/mo
3 Bedroom
$1,177/mo
4 Bedroom
$1,295/mo
Census median rent:
$569/mo
Affordability & Housing Stock
Rent Burden
28.1%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1996
Average age of housing stock: 30 years
Homeownership Rate
77.9%
Complete Housing Data
Home Values
| Census Median Value | $128,200 |
| Zillow Home Value (ZHVI) | $160,606 |
Rent
| Census Median Rent | $569 |
| FMR Studio | $751 |
| FMR 1-Bedroom | $782 |
| FMR 2-Bedroom | $924 |
| FMR 3-Bedroom | $1,177 |
| FMR 4-Bedroom | $1,295 |
Market
Ownership & Stock
| Owner-Occupied | 77.9% |
| Renter-Occupied | 22.1% |
| Homeownership Rate | 77.9% |
| Total Housing Units | 288 |
| Median Year Built | 1996 |
| Rent Burden | 28.1% |