Walls, MS—38680
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Walls, MS
Home Price Trends — Walls, MS
As of Oct '25, the median home price in Walls, MS is $256,000, 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 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 0.8% |
| Single Family | $256,000 | 0.4% |
| 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 | $244,000 | 0.8% |
4 Bed | $292,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Walls, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Walls, MS is 81. This is a increase of 16.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $313,000 | -4.0% |
Listing Count | 29 | -26.0% |
| Listings as % of Homes | 1.3% | -26.0% |
Days on Market | 81 | 16.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Walls, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $256,000 |
| Median Household Income | $68,600 |