Real Estate in Water valley, MS
Updated 2026 • Housing market data from 1 zip code
🏘️ Water valley Rental Market
The average rent in Water valley, MS is $1,800 per month. , while a 3-bedroom home averages $1,800/month.
📋 Housing Overview
Water valley, MS Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 225500, the balance between renting (42%) and owning (58%), and a population of 3361 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $225,500 and average rents of $1,800/month, the median household income of $45,718 provides context for affordability in Water valley.
Economy & What Drives Water valley Real Estate
Real estate values in Water valley, MS are driven by local employment, school quality, and quality of life. The cost of living index of 43.2 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $45,718, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Water valley neighborhoods.
Pros & Cons
Pros
- •Friendly community vibe
- •Family-friendly parks
- •Strong church community
- •Access to outdoor activities
- •Safe neighborhoods
- •Rich southern culture
- •Cultural local events
- •Low cost of living
- •Mild winters
- •Growing small businesses
Cons
- •Less cultural diversity
- •Limited dining choices
- •Limited nightlife options
- •Inequality in schools
- •Job market struggling
- •Political tension
- •Underdeveloped public transport
- •Few educational resources
- •Higher crime rates
- •Healthcare access issues
Frequently Asked Questions
What is the cost of living in Water valley, MS? ▼
The cost of living in Water valley, MS is 57% lower than the national average, with a cost of living index of 43 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Water valley, MS? ▼
In Water valley, MS, The median home price is $225,500. requiring approximately $91,179 annual income to afford. Average rent is $1,800/month (requiring ~$72,000/year income). The local median household income is $45,718, making homeownership attainable for typical residents. Explore Water valley real estate data →
Is Water valley, MS a safe place to live? ▼
Water valley, MS is average in terms of safety, with crime rates near the national average. The crime rate is 26.5 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Water valley crime statistics →
What salary do you need to live comfortably in Water valley, MS? ▼
To live comfortably in Water valley, MS and afford a median-priced home of $225,500, you would typically need a household income of $56,375 to $70,469 per year. The local median household income is $45,718. Renting requires approximately $72,000/year (at $1,800/month). See full affordability analysis →
Is Water valley, MS growing? ▼
Water valley, MS has a population of 3,361. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See Water valley population demographics →
What are the best neighborhoods in Water valley, MS? ▼
The best neighborhoods in Water valley, MS depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $225,500 is below the national average. Explore Water valley on our interactive map →
What is the commute like in Water valley, MS? ▼
Commute times in Water valley, MS vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Water valley, MS? ▼
Tax rates in Water valley, MS include state and local components. The cost of living index of 43 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Water valley tax information →
How does Water valley, MS compare to nearby cities? ▼
Water valley, MS offers a more affordable alternative to nearby communities. With a cost of living index of 43, median home prices of $225,500, and a crime rate of 26.48 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Water valley, MS? ▼
Weather in Water valley, MS varies by season. Climate data varies by season. View detailed Water valley climate & environment data →
Is it better to rent or buy in Water valley, MS? ▼
With a median home price of $225,500 and average rents of $1,800/month, the price-to-rent ratio in Water valley is 10.4x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
Explore More About Water valley, MS
📅 Last Updated: February 2026
Sources: U.S. Census Bureau, Zillow, Redfin