Senatobia, MS—38668
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Senatobia, MS
As of Oct '25, the median home price in Senatobia, MS is $235,000, with a year-over-year change of 2.1%. This indicates that home prices in Senatobia, MS are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $235,000 | 2.1% |
| Single Family | $236,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $137,000 | -4.9% |
3 Bed | $225,000 | 2.7% |
4 Bed | $309,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Senatobia, MS
As of July '25, Rentcast reports the average rent in Senatobia, MS is $1,470, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Senatobia, MS is 1-bedrooms: $1,740, 2-bedrooms: $1,250, 3-bedrooms: $1,360. The most common rental property sizes in Senatobia, MS are 3-bedroom and 2-bedroom, accounting for 48.5% and 39.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,740 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,200 | $1,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Senatobia, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Senatobia, MS is 61. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $319,000 | 4.0% |
Listing Count | 45 | -4.0% |
| Listings as % of Homes | 0.7% | -4.0% |
Days on Market | 61 | 1.0% |
Demographics — Senatobia, MS
As of the latest ACS Survey released in 2023, Senatobia, MS has a population of 14,100, which has remained stable by -0.6% over the past 5 years. Senatobia, MS is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | -0.6% |
% Under 18 | 23.7% | 17.9% |
% Seniors | 15.8% | 18.8% |
% WFH | 3.3% | 120.0% |
% w/ College Degree | 30.9% | 30.4% |
As of the latest ACS Survey released in 2023, Senatobia, MS is a predominantly white area, with 59.0% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Senatobia, MS is black, making up 35.9% of the population. Foreign-born residents account for 0.4% of the population in Senatobia, MS, and this percentage has decreased by 82.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.0% | -5.6% |
% Black | 35.9% | 5.6% |
% Hispanic | 1.2% | -50.0% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 0.4% | -82.6% |
Mortgage and Risk — Senatobia, MS
According to HUD data as of 2023, there were 227 mortgage originations in Senatobia, MS, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Senatobia, MS. Investor activity is low, as 6.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 227 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Senatobia, MS
Senatobia, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 146 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,050 | $1,850 | $800 |
| 2 Bedroom | -$200 | $1,250 | $1,050 |
| 3 Bedroom | $100 | $1,200 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Senatobia, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $235,000 |
| Median Household Income | $67,700 |