Itawamba County, Mississippi Housing Market
In Itawamba County, Mississippi, the median home value is $142,400, with a median monthly rent of $811. This places Itawamba County at #2342 nationally out of 3134 counties by median home value, and #27 within Mississippi.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $858
- Establishments: 381
- BLS QCEW, 2025
Housing Supply
- Single-family: 9
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,381 (avg $58,604)
- Outflow: 8,008 (avg $58,829)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Itawamba County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38858 | 159.3 | — | 2025 |
| 2 | 38804 | 230.0 | +8.42% | 2025 |
| 3 | 38843 | 217.0 | +1.86% | 2025 |
| 4 | 38824 | 188.2 | -4.49% | 2024 |
| 5 | 38855 | 225.1 | +13.42% | 2023 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Itawamba County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Itawamba County →How Itawamba County Compares
| Metric | Itawamba County | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $142,400 | $135,817 | $227,706 |
| Median Gross Rent | $811 | $804 | $968 |
| Owner Occupancy Rate | 79.0% | 72.4% | 73.3% |
| Price/Rent Ratio | 14.6 | 13.9 | 18.7 |
Market Analysis
The median home value in Itawamba County is 4.8% above the Mississippi state average and 37.5% below the U.S. national average. The median rent of $811/month is 0.9% above the state average.
With a price-to-rent ratio of 14.6, buying a home in Itawamba County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Itawamba County has an owner-occupancy rate of 79.0%, compared to 72.4% in Mississippi and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Carroll County | Tennessee | $142,400 | $755 |
| St. Landry Parish | Louisiana | $142,500 | $748 |
| Independence County | Arkansas | $142,600 | $845 |
| Livingston County | Illinois | $142,200 | $880 |
| Iosco County | Michigan | $142,200 | $719 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Alcorn County | $142,100 | $751 | 67.8% |
| Jones County | $143,100 | $869 | 75.1% |
| Tishomingo County | $145,100 | $682 | 79.5% |
| Lauderdale County | $133,300 | $953 | 65.1% |
| Grenada County | $132,200 | $807 | 66.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).