The story of this market
The typical home in ZIP 39702 sells for about $240,000, or $178 per square foot.
Prices are up +42.64% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $944 a month.
ZIP 39702 — Columbus
The 39702 housing market is currently characterized as a buyer's market with a significant year-over-year price increase, though inventory levels remain elevated. High vacancy rates and a large renter population continue to influence the local real estate landscape. Market activity is driven by steady demand from local workers and a relatively low cost of entry compared to national averages.
This ZIP is well-suited for budget-conscious family buyers and local workers seeking proximity to major employers. It is less attractive to speculative investors due to higher vacancy rates and slower price appreciation compared to high-growth metro areas.
Median prices moved up 42.6% year over year.
Homes spend a median of 55 days on market with 4.2 months of supply — a fast-moving market.
15% 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 7.4% · poverty 15.6% — 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 8.5%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 39702, Lowndes County MS
Crime rates in Columbus are generally higher than the national average, with property crime being the most frequently reported issue. Local law enforcement continues to focus on community-based initiatives to address these regional trends.
Schools in the area are primarily served by the Columbus Municipal School District, which faces ongoing challenges with academic performance ratings compared to state averages.
The area is subject to seasonal severe weather, including thunderstorms and occasional tornado risks common to Northeast Mississippi. Flood insurance is recommended for properties located in low-lying areas near the Tombigbee River basin.
Economic momentum is driven by manufacturing and healthcare sectors, with major employers including the Columbus Air Force Base and local industrial manufacturing plants. Infrastructure development remains focused on maintaining regional connectivity.
Property taxes are assessed by Lowndes County based on millage rates set by the county, city, and school district. Homestead exemptions are available for primary residences, and there is no state-level property tax.
Residents typically enjoy short commutes, with a mean travel time to work of approximately 19 minutes. The area is well-connected by local highways, though public transit options are limited.
The area features access to the Riverwalk along the Tombigbee River, several local parks, and proximity to golf courses and shopping centers in the Columbus commercial corridor.
The rental market shows high vacancy rates around 13%, suggesting a competitive environment for landlords. Rent growth has been moderate, with a significant portion of the housing stock consisting of older single-family rentals.
The economy is anchored by the Columbus Air Force Base, manufacturing, and healthcare services. The area serves as a regional hub for Northeast Mississippi.
The area is served by a network of state highways, with limited public transit infrastructure. Most residents rely on personal vehicles for commuting.
Development is focused on infill projects and the continued revitalization of the historic downtown district. No major large-scale master-planned communities are currently under construction.
Parcels are subject to Lowndes County and Columbus Municipal School District taxes. Some areas may fall under specific utility or fire protection districts.
Property insurance premiums are influenced by regional exposure to severe weather events. Market health is stable, though costs have trended upward due to national reinsurance trends.
Data retrieved from 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.
Scenic walking and biking path along the Tombigbee River.
Large facility hosting local and regional youth soccer tournaments.
Central community park with playgrounds and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.