What Are The Most Costly ZIP Codes In Mississippi? Zillow Knowledge Reveals
Oxford, Mississippi, is residence to Ole Miss, the College of Mississippi. It is also residence to at least one amongst … [+]
We’ve been going state by state, analyzing and figuring out the most expensive ZIP codes in every U.S. state. We’re significantly all through the states alongside the Mississippi River, having beforehand decided the most expensive ZIP codes in Arkansas and Louisiana. Now, we have now to flip to the state named for America’s mightiest river — Mississippi.
Many, if not most, housing markets all by means of america knowledgeable a surge in homebuying practice, starting a while in 2021. Price hikes cooled the frenzy, nonetheless costs are far and away above what that that they had been pre-pandemic. Mississippi witnessed the uptick in its residence values and homebuying practice. Nonetheless residence value appreciation, full, was nothing loopy.
Research on to hunt out out the most expensive ZIP codes in Mississippi in 2024, based completely on the most recent data from Zillow’s residence value index.
The Most Costly ZIP Codes In Mississippi
We made use on data from Zillow’s residence value index, plus the Census Bureau’s 2023 American Neighborhood Survey, we analyzed 1000’s of ZIP codes from all over inside 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 most recent month-to-month residence values Zillow has — December 2024 — together with the widespread 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 most expensive 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 encompasses a strip of coast alongside the Ross R Barnett Reservoir. Incomes in ZIP code 39110 are excessive, nonetheless are significantly excessive relative to Mississippi full. The median family revenue correct proper right here is $122,955, whereas the widespread family revenue is $167,765. Dwelling values positively elevated during the last 5 years, nonetheless not on the sturdy costs that utterly completely different ZIP codes we analyzed displayed. From $287,715 in December 2019, the median residence value 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 situated. Nonetheless 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 widespread family revenue is $103,067. Dwelling value appreciation in 38655 was greater than all through the No. 1 costliest ZIP code. Over the 5 years from December 2019 to December 2024, the median residence value rose by 57%, from $236,602 to $371,494. The one-year enchancment was a stunning 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 houses. 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 value was $226,570. It then proceeded to extend by higher than 60%, reaching $363,402 in December 2024. The house value appreciation in only one yr was sturdy, 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 home south of — and all by means of the border from — Memphis, Tennessee. Incomes are excessive in ZIP code 38651, although very balanced as regards to distribution. The median family revenue is $96,667 and the widespread is $111,972. Dwelling value 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 value rose by 33.5%, to succeed in $344,570 in December 2024.
The fifth costliest ZIP code in Mississippi is straight away south of the No. 4 costliest ZIP code. This one, 38632, is centered on Hernando and is type of large, notably from east to west. portion of this ZIP code lies alongside Arkabutla Lake. The median family revenue in 38632 is $90,277, whereas the widespread family revenue is $108,706. The median residence value was $242,641 in December 2019. It elevated by 35.1% over the next 5 years, reaching $327,769 by December 2024.