Walls, MS 38680 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Walls, MS—38680

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$257,000

0.8% YoY Growth

Household Income

$68,600

31.5% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,740

2.2% YoY Growth

1-Bed Rent

$1,080

N/A

2-Bed Rent

$1,320

8.3% YoY Growth

3-Bed Rent

$1,700

0.0% YoY Growth

Other Zip Codes in Walls, MS

38641

Home Price Trends — Walls, MS

As of Dec '25, the median home price in Walls, MS is $257,000, with a year-over-year change of 0.8%. This indicates that home prices in Walls, MS are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$257,000	0.8%
Single Family	$257,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Walls, MS

As of July '25, Rentcast reports the average rent in Walls, MS is $1,790, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Walls, MS is 1-bedrooms: $1,080, 2-bedrooms: $1,320, 3-bedrooms: $1,770, 4-bedrooms: $2,130. The most common rental property sizes in Walls, MS are 2-bedroom and 3-bedroom, accounting for 50.7% and 34.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,740	$1,790
Studio Rent	N/A	N/A
1 Bed Rent	$1,080	$1,080
2 Bed Rent	$1,320	$1,320
3 Bed Rent	$1,700	$1,770
4 Bed Rent	$2,120	$2,130

Loading chart...

% of Rental Stock

1 Bedroom

13.3%

2 Bedrooms

50.7%

3 Bedrooms

34.3%

4 Bedrooms

1.7%

Property Listings — Walls, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Walls, MS is 67. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	-5.0%
Listing Count	28	-24.0%
Listings as % of Homes	1.3%	-24.0%
Days on Market	72	-8.0%

Loading chart...

Demographics — Walls, MS

As of the latest ACS Survey released in 2023, Walls, MS has a population of 7,070, which has increased by 12.3% over the past 5 years. Walls, MS is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,070	12.3%
% Under 18	25.2%	1.2%
% Seniors	11.9%	40.0%
% WFH	6.1%	408.3%
% w/ College Degree	21.1%	9.9%

Loading chart...

As of the latest ACS Survey released in 2023, Walls, MS is a predominantly black area, with 46.3% of the population identifying as black. The black population has grown by 28.6% in the last 5 years. The second most common race or ethnicity in Walls, MS is white, making up 41.9% of the population. Foreign-born residents account for 3.5% of the population in Walls, MS, and this percentage has decreased by 30.0% 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	41.9%	-22.0%
% Black	46.3%	28.6%
% Hispanic	7.6%	-1.3%
% Asian	1.2%	33.3%
% Foreign Born	3.5%	-30.0%

Loading chart...

Mortgage and Risk — Walls, MS

According to HUD data as of 2023, there were 149 mortgage originations in Walls, MS, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Walls, MS. Investor activity is low, as 3.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	149
% Conventional Loans	50.0%
% Government Loans	50.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	21.0%

Loading chart...

Rentals and Section 8 — Walls, MS

As of 2024, the percent of homes in Walls, MS under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Walls, MS, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	11
Total Units Section 8	11
% Rentals under Section 8	1.2%
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$70	$1,080	$1,150
2 Bedroom	-$30	$1,320	$1,290
3 Bedroom	$0	$1,700	$1,700
4 Bedroom	-$130	$2,120	$1,990

Walls, MS—38680

Key Metrics at a Glance

Other Zip Codes in Walls, MS

Home Price Trends — Walls, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Walls, MS

% of Rental Stock

Property Listings — Walls, MS

Demographics — Walls, MS

Race and Ethnicity

Mortgage and Risk — Walls, MS

Mortgages

Rentals and Section 8 — Walls, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Walls, MS

Home Price to Income Ratio

Walls, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Walls, MS

Westwood, Memphis, TN

Horn Lake, MS

Southaven, MS

Whitehaven, Memphis, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$257,000
Median Household Income	$68,600

Walls, MS—38680

Key Metrics at a Glance

Other Zip Codes in Walls, MS

Home Price Trends — Walls, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Walls, MS

% of Rental Stock

Property Listings — Walls, MS

Demographics — Walls, MS

Race and Ethnicity

Mortgage and Risk — Walls, MS

Mortgages

Rentals and Section 8 — Walls, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Walls, MS

Home Price to Income Ratio

Walls, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Walls, MS

Westwood, Memphis, TN

Horn Lake, MS

Southaven, MS

Whitehaven, Memphis, TN

Frequently Asked Questions

What is the average home price in Walls, MS 38680?

How have home prices in Walls, MS 38680 changed over the past year?

What is the home price projection for Walls, MS 38680?

What are the demographics of Walls, MS 38680?

How long does it take homes to sell in Walls, MS 38680?

What is the average rent price in Walls, MS 38680?