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Water Valley, MS
Full City Profile · Mississippi · Yalobusha County County
2.8
/5.0
C+
Fair
3,380
Population
482/sq mi density
$47,167
Median Income
$23,936 per capita
$111,000
Home Value
$175,929 Zillow
$592
Median Rent
19.8% income on rent
62°F
Avg Temperature
301 sunny days/yr
362
Violent Crime/100K
6,170 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$47,167 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$111,000 home value, $592/mo rent
F
Safety
1.0 / 5.0
362 violent crimes/100K
C
Education
2.2 / 5.0
14.9% bachelor's degree or higher
Housing Overview
Median Home Value
$111,000
61% below
US avg: $281,900
Median Rent
$592/mo
49% below
US avg: $1,163/mo
Homeownership Rate
55.6%
15% below US avg (65.4%)
Total Housing Units
1,490
Median year built: 1970
Home Value by Source
Census Median
$111,000
Zillow (ZHVI)
$175,929
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
55.6%
Owner-Occupied
44.4%
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:
$592/mo
Affordability & Housing Stock
Rent Burden
19.8%
of renters spending 30%+ of income on housing
36% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
55.6%
Complete Housing Data
Home Values
| Census Median Value | $111,000 |
| Zillow Home Value (ZHVI) | $175,929 |
Rent
| Census Median Rent | $592 |
| 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 | 55.6% |
| Renter-Occupied | 44.4% |
| Homeownership Rate | 55.6% |
| Total Housing Units | 1,490 |
| Median Year Built | 1970 |
| Rent Burden | 19.8% |