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Home values, rents and more in Water Valley, MS

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$183,000
Metro: $404,000 · U.S.: $366,000
Home values, past year
+3.3%
Metro: +2.8% · U.S.: +1.2%
Population
3,376
ACS 2020–24
Median household income
$42,684
Metro: $65,018 · U.S.: $80,734
ZIP codes around Water Valley, MS, shaded by typical home valueWater Valley38965
  • Under $230k
  • $230k–$280k
  • $280k–$330k
  • $330k–$370k
  • $370k+
  • No data
ZIP codes around Water Valley, MS, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Water Valley is outlined.

How Water Valley compares

The typical home in Water Valley, MS is worth about $183,000, according to the Zillow Home Value Index for September 2026. Home values in Water Valley are 55% below the typical value in the Oxford metro area ($404,000) and 50% below the U.S. typical value ($366,000).

Over the past year, home values in Water Valley rose 3.3%, compared with +2.8% in the Oxford metro area and +1.2% nationally.

The median household income is $42,684, against $65,018 in the Oxford metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 3,376 people live in Water Valley (American Community Survey 2020–24).

Water Valley has the 4th-lowest typical home value of the 8 cities in the Oxford metro area and the 78th-highest of 276 in Mississippi with Zillow figures.

Part of: Yalobusha County, MS · Oxford metro area · Mississippi

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Water Valley, MS

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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