| ZIP Code | 38965 |
|---|---|
| City | Water Valley |
| State | Mississippi (MS) |
| County | Yalobusha County |
| Area Code | 662 |
| Elevation | 293 ft |
| Latitude | 34.134989 |
|---|---|
| Longitude | -89.590925 |
| Timezone | Chicago (DST) |
| FIPS | 28161 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.8 yrs |
|---|---|
| Avg Household Size | 2.49 |
| Below Poverty | 18.9% ▲ 89% above avg |
| College Grads | 27.6% ▼ 29% below avg |
| Unemployment | 3.0% ▼ 38% below avg |
| No HS Diploma | 98 (1.7%) |
| HS Graduate | 1,800 (32%) |
| Some College | 1,155 (20.5%) |
| Associates | 1,018 (18.1%) |
| Bachelors | 626 (11.1%) |
| Graduate Degree | 927 (16.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $57,368 ▼ 25% below avg ↑ 27% since 2019 |
|---|---|
| Median Home Value | $121,500 ▼ 56% below avg ↑ 36% since 2019 |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $655/mo ↓ 3% since 2019 |
| Total Units | 4,192 |
| Vacant Units | 746 |
| Avg HH Size | 2.49 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 4,192 |
|---|---|
| Vacant | 746 |
| Owner Occupied | 73.9% |
| Renter Occupied | 26.2% |
| Avg HH Size | 2.49 |
ZIP code 38965 is located in Water Valley, Mississippi, within Yalobusha County. With a population of 8,801, this is a lightly populated ZIP code with a middle-aged community — the median age is 40.8 years. Economically, 38965 is a solidly middle-class ZIP code: the median household income of $57,368 is below the national average.
Real estate in ZIP code 38965 represents one of the more affordable housing markets in the country. The median home value of $121,500 is well below the national average. Renters can expect to pay around $655 per month in median rent. Homeownership is strong here — 73.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 36% since 2019.
The population of 38965 is majority White (64.98%). Residents are moderately educated — 27.6% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 18.9%. Household income has grown by 27% since 2019.
The unemployment rate in 38965 stands at 3.0%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 90%.
Overall, ZIP code 38965 in Water Valley, MS is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 8,801 residents, a median household income of $57,368, and a median home value of $121,500, it offers a clear picture of life in this part of Mississippi.