The story of this market
The typical home in ZIP 38827 sells for about $171,031, or $68 per square foot.
Prices are down 2.6% from a year ago, which gives buyers more room to negotiate. Homes take about 123 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $793 a month.
ZIP 38827 — Belmont
The housing market in 38827 is characterized by very low inventory and slow sales velocity, typical of a rural Mississippi market. Prices have seen a slight year-over-year decline, reflecting limited demand and economic stagnation. Most figures, such as specific tax history and detailed permit data, are not published at the ZIP level.
This ZIP is best suited for local residents, retirees, or those seeking affordable rural living, as it lacks the employment density or transit access required by typical urban commuters.
Median prices moved down 2.6% year over year.
Homes spend a median of 123 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 14.8% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 38827, Tishomingo County MS
Local schools are primarily served by the Tishomingo County School District, which provides rural educational services for the area.
The area is subject to standard regional risks including severe thunderstorms and potential wind damage, with insurance availability typical for rural Mississippi.
Economic momentum is slow, characterized by a rural economy with limited large-scale industrial or commercial development projects currently underway.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Mississippi) — Ad Valorem Property Tax: Formula: (True Value × Assessment Ratio) × Millage Rate = Taxes. Class I (single-family owner-occupied) is assessed at a 10% ratio. Homestead exemptions for homeowners over 65 or disabled provide an exemption on the first $7,500 of assessed value.
The area is rural, requiring personal vehicle travel for all commutes; there is no public transit infrastructure available.
Recreation is centered on outdoor activities, including proximity to local parks and the natural landscape of Tishomingo County.
The rental market is characterized by low inventory and limited turnover, with rents remaining relatively stable in this rural setting.
The local economy is primarily rural and agricultural, with limited major corporate employers in the immediate vicinity.
Transportation is entirely dependent on private vehicle use via local county roads and state highways.
There are no major large-scale commercial or residential developments currently reported in the pipeline for this ZIP.
Tishomingo County utilizes a standard county-wide assessment process for property tax valuation.
Parcels are served by the Tishomingo County School District and standard county-level utility and emergency service districts.
Property insurance markets are stable but sensitive to regional weather-related risks common in Northern Mississippi.
Data retrieved from Census Bureau ZCTA 38827 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. Source: NCES EDGE public school locations 2023-24.
Provides local outdoor recreation and green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.