The story of this market
The typical home in ZIP 38833 sells for about $210,000, or $114 per square foot.
Prices are down 10.6% from a year ago, which gives buyers more room to negotiate. Homes take about 107 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $756 a month.
ZIP 38833 — Burnsville
The 38833 housing market is currently experiencing a period of price correction with a 10.6% year-over-year decline, resulting in a median sale price of $210,000. High vacancy rates of 19.5% and a reliance on rural, single-family housing stock define the market's current stability. Investors and buyers should note that while the area is affordable, it lacks significant economic growth drivers, leading to a neutral market outlook.
This ZIP is best suited for local residents and experienced landlords familiar with rural Mississippi markets, as the high vacancy and turnover rates present challenges for passive or out-of-state investors.
Median prices moved down 10.6% year over year.
Homes spend a median of 107 days on market with 6.0 months of supply — a slower-moving market.
20% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 15.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 38833, Tishomingo County MS
Local schools are generally characterized as having mixed performance metrics, typical of rural Tishomingo County districts.
The area faces standard regional risks for wind and storm events; insurance markets remain stable but sensitive to regional weather patterns.
Economic momentum is modest, driven primarily by local services and regional agriculture; no major corporate headquarters or large-scale infrastructure projects are currently reported for this ZIP.
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.
Residents primarily rely on personal vehicles for commuting, with a mean travel time of approximately 32 minutes to regional employment hubs.
The area offers access to rural outdoor recreation, including proximity to local county roads and natural landscapes, though major commercial shopping and entertainment districts are limited within a 3-mile radius.
The rental market is characterized by high vacancy rates (19.5%) and a reliance on single-family housing stock, with limited institutional investor presence.
The local economy is primarily supported by small-scale services, agriculture, and regional employment within Tishomingo County.
Transportation is almost exclusively dependent on private vehicle use via local county roads and state highways.
There are no major approved or under-construction commercial or infrastructure developments reported for this ZIP.
Tishomingo County utilizes a standard assessment regime for property valuation, with periodic updates to reflect market conditions.
Parcels are subject to standard Tishomingo County tax levies, including school and general county district assessments.
Property insurance remains available, though premiums are influenced by regional weather-related risk factors.
Data retrieved from US Census Bureau ZCTA-level tables.
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 extensive rural outdoor space and access to local county road networks.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.