The story of this market
The typical home in ZIP 39189 sells for about $88,900, or $72 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $876 a month.
ZIP 39189 — Walnut Grove
The housing market in 39189 remains highly affordable but stagnant, with low sales volume and a high concentration of mobile homes. Market conditions are driven by a rural, aging population and limited economic growth, resulting in very low price appreciation and minimal new development activity.
This ZIP is best suited for budget-conscious buyers and those seeking a quiet, rural lifestyle, as it offers high affordability but limited access to urban amenities and employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 4.7 months of supply — a slower-moving market.
12% 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 9.1% · poverty 17.1% — a mixed stability 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 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 39189, Leake County MS
Schools serving the area are primarily managed by the Leake County School District, with limited local options and generally lower performance ratings compared to state averages.
FEMA’s National Risk Index rates natural-hazard risk for the area as relatively low, though hurricane and wildfire risks are the strongest components of the composite score.
The local economy is primarily driven by manufacturing, education, and healthcare sectors, with limited large-scale infrastructure or corporate development momentum reported.
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 highly car-dependent with 96.5% of residents commuting by vehicle; access to major employment hubs requires long-distance driving.
Recreational amenities are limited, consisting primarily of local community parks and rural outdoor spaces; major shopping and dining options are sparse within a 3-mile radius.
The rental market is characterized by low inventory and high vacancy pressure, with a significant portion of the housing stock consisting of mobile homes.
The economy is anchored by manufacturing and public sector employment, with a significant portion of the population dependent on Social Security and disability income.
Transportation is almost exclusively reliant on private vehicles; there is no significant public transit infrastructure serving the area.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
Leake County Tax Assessor manages property valuations based on standard Mississippi ad valorem tax procedures.
Parcels are served by the Leake County School District and local county utility services.
Property insurance premiums are influenced by the area's rural classification and moderate exposure to wind and wildfire risks.
Mississippi is a non-judicial foreclosure state, allowing for relatively fast processing of defaults.
Mississippi is a caveat emptor (buyer beware) state, with limited mandatory seller disclosure requirements.
Data retrieved from US Census Bureau ACS 2025 estimates for ZCTA 39189.
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.
Local green space serving the immediate community.
General access to rural outdoor and hunting lands.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.