Parchman, MS—38738
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parchman, MS
Parchman, MS lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parchman, MS
Parchman, MS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Parchman, MS
Parchman, MS lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Parchman, MS
As of the latest ACS Survey released in 2023, Parchman, MS has a population of 2,810, which has decreased by -22.1% over the past 5 years. Parchman, MS is a less popular place for families, as children make up 1.0% of the population. The area has a poorly educated workforce, with 2.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,810 | -22.1% |
% Under 18 | 1.0% | ∞% |
% Seniors | 5.1% | 200.0% |
% WFH | 0.0% | N/A |
% w/ College Degree | 2.9% | -49.1% |
As of the latest ACS Survey released in 2023, Parchman, MS is a predominantly black area, with 63.2% of the population identifying as black. The black population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Parchman, MS is white, making up 31.4% of the population. Foreign-born residents account for 0.4% of the population in Parchman, MS, and this percentage has increased by 100.0% 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 | 31.4% | 6.4% |
% Black | 63.2% | -9.5% |
% Hispanic | 2.1% | 425.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | 100.0% |
Mortgage and Risk — Parchman, MS
According to HUD data as of 2023, there were 18 mortgage originations in Parchman, MS, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Parchman, MS. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 18 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Parchman, MS
Parchman, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Parchman, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |