The story of this market
The typical home in ZIP 38761 sells for about $76,000, or $59 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $630 a month.
ZIP 38761 — Moorhead
The housing market in 38761 is a low-volume, local-operator environment with limited price appreciation and high vacancy risks. Market activity is constrained by the regional economic profile, resulting in a slow pace of sales and a reliance on local demand rather than external investment.
This market is suited for local owner-occupants or experienced investors familiar with the specific challenges of the Mississippi Delta, as it is not a high-growth area for passive investment.
Median prices moved down 2.1% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 13.4% · poverty 27.7% — elevated distress and economic pressure.
versus the prior ACS vintage
ZCTA 38761, Sunflower County, MS
Local schools in the Sunflower County school system generally face significant resource and performance challenges typical of the Mississippi Delta region.
The area is subject to regional flood risks associated with the Mississippi Delta geography and requires standard hazard insurance coverage.
Economic momentum is limited, with the local economy primarily driven by agriculture and public sector employment; there is minimal large-scale commercial development.
Property taxes are assessed by Sunflower County based on local millage rates; there are no state-level property taxes, and homestead exemptions are available for primary residences.
Commutes are primarily local within Sunflower County, with limited access to major regional employment hubs via state highways.
Recreational opportunities are limited, consisting primarily of local community parks and proximity to rural outdoor spaces.
The rental market is characterized by high vacancy pressure and thin margins, requiring careful tenant selection and active management.
The economy is heavily reliant on agriculture and local government services, with few major corporate employers in the immediate vicinity.
Transportation is entirely auto-dependent, relying on state highway corridors for regional connectivity.
There are no major large-scale commercial or residential developments currently reported in the pipeline for this ZIP.
Sunflower County Tax Assessor manages property valuations for tax purposes.
Parcels are served by the Sunflower County school district and local utility providers.
Property insurance premiums are influenced by regional flood and wind risk profiles common to the Mississippi Delta.
Mississippi is a non-judicial foreclosure state.
Mississippi has limited mandatory seller disclosure requirements compared to other states.
Data retrieved from Census Reporter and US Zip Codes profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.