The story of this market
The typical home in ZIP 39747 sells for about $180,000, or $105 per square foot.
Prices are down 2.7% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,031 a month.
ZIP 39747 — Kilmichael
The housing market in 39747 is characterized by low inventory and slow turnover, typical of a rural Mississippi market. Prices have seen modest growth over the last decade, but current activity is limited by the small population base and lack of new development. The market remains stable with little volatility expected in the near term.
This ZIP is best suited for local families, retirees, or individuals seeking a low-cost, rural lifestyle. It is not a primary destination for commuters or investors looking for high-growth urban assets.
Median prices moved down 2.7% year over year.
Homes spend a median of 112 days on market with 6.0 months of supply — a slower-moving market.
8% of listings have cut prices · homes sell at 94.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 13.4% — 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 8.7%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 39747, Mississippi
Crime rates in Kilmichael are generally lower than the national average, reflecting the rural character of the region. Specific trend data is not determinable, but the area is considered quiet compared to larger Mississippi urban centers.
Schools serving the area are part of the Montgomery County School District, which faces challenges typical of rural Mississippi districts regarding funding and student performance metrics.
The area is subject to standard regional risks including severe thunderstorms and occasional tornadoes common to North Central Mississippi. Flood risk is localized to low-lying areas near creeks and drainage basins.
Economic momentum is limited, with the local economy primarily driven by agriculture, forestry, and small-scale retail. There are no major corporate headquarters or large-scale infrastructure projects currently reported for this ZIP.
Property taxes are assessed at the county level by Montgomery County, with rates reflecting local millage for school and municipal services. Exemptions include the standard Mississippi homestead exemption for primary residences.
Commutes are primarily car-dependent, with residents traveling to nearby towns like Winona or Greenwood for employment. Public transit options are not available.
Recreation is centered on outdoor activities, including hunting, fishing, and local community parks. Shopping and dining options are sparse, requiring travel to larger neighboring towns.
The rental market is small and primarily composed of single-family homes, with low turnover and limited institutional investor presence. Vacancy pressure is generally low due to the limited supply of modern rental stock.
The economy is heavily reliant on agriculture and local government services. There is minimal industrial or corporate presence in the immediate ZIP code.
Transportation is entirely reliant on private vehicles via state highways. There is no public transit infrastructure.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Montgomery County Tax Assessor manages property valuations, which are updated periodically based on state guidelines.
Parcels are subject to Montgomery County school and general fund taxes. No significant MUD or PID districts are present.
Property insurance premiums are influenced by regional wind and storm risk, though generally lower than coastal Mississippi areas.
Data retrieved from data.census.gov ZCTA 39747 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 space for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.