Byhalia, MS—38611
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Byhalia, MS
As of Oct '25, the median home price in Byhalia, MS is $265,000, with a year-over-year change of 2.8%. This indicates that home prices in Byhalia, MS are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 2.8% |
| Single Family | $264,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $290,000 | 4.3% |
4 Bed | $388,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Byhalia, MS
As of July '25, Rentcast reports the average rent in Byhalia, MS is $2,270, with a year-over-year rent change of 29.0%. Per bedroom, the median rent as of July '25 in Byhalia, MS is 4-bedrooms: $2,280. The most common rental property sizes in Byhalia, MS are 2-bedroom and 3-bedroom, accounting for 42.8% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,200 | $2,280 |
% of Rental Stock
Property Listings — Byhalia, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Byhalia, MS is 50. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | -8.0% |
Listing Count | 106 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 50 | -31.0% |
Demographics — Byhalia, MS
As of the latest ACS Survey released in 2023, Byhalia, MS has a population of 16,800, which has increased by 12.6% over the past 5 years. Byhalia, MS is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 12.6% |
% Under 18 | 24.3% | 18.0% |
% Seniors | 16.2% | -5.8% |
% WFH | 6.8% | 61.9% |
% w/ College Degree | 15.5% | 9.9% |
As of the latest ACS Survey released in 2023, Byhalia, MS is a predominantly white area, with 61.4% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Byhalia, MS is black, making up 26.6% of the population. Foreign-born residents account for 3.8% of the population in Byhalia, MS, and this percentage has increased by 52.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.4% | -7.9% |
% Black | 26.6% | 4.3% |
% Hispanic | 8.6% | 34.4% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 3.8% | 52.0% |
Mortgage and Risk — Byhalia, MS
According to HUD data as of 2023, there were 537 mortgage originations in Byhalia, MS, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Byhalia, MS. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 537 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Byhalia, MS
Byhalia, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,280 |
| 3 Bedroom | N/A | N/A | $1,570 |
| 4 Bedroom | -$200 | $2,200 | $2,000 |
Affordability — Byhalia, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $265,000 |
| Median Household Income | $54,200 |