Quick facts: Water valley, MS

Quick Facts

92.7
Cost of Living
below US average
3,361
Population
26.48
Crime Rate per 1000
above US average
$45,718
Median Income
below US average
$225,500
Median House Price
above US average
$1800.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
4.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $45,718.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $45,718
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1800.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $45,718
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Water valley, MS

Water Valley is a small city located in Yalobusha County, Mississippi. Nestled in the northern part of the state, it boasts a rich history and a close-knit community atmosphere. Established in the 19th century, Water Valley reflects the charm of a traditional Southern town, with a population of approximately 3,500 residents. The city is known for its picturesque landscapes, including beautiful parks and proximity to nearby lakes, offering residents and visitors a variety of outdoor recreational activities. Water Valley’s historic downtown features unique shops, local eateries, and community events that foster a strong sense of belonging among its citizens. The area is also recognized for its commitment to the arts, with initiatives that support local artists and cultural activities. The annual Watermelon Carnival is a popular event that attracts visitors from surrounding areas, showcasing the town's vibrant spirit. Education in Water Valley is provided by the Water Valley School District, which emphasizes academic achievement and community engagement. Overall, Water Valley is a charming destination that embodies the heart of Mississippi’s small-town life.

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