Indianola, MS—38751
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Indianola, MS
As of Oct '25, the median home price in Indianola, MS is $94,000, with a year-over-year change of -1.9%. This indicates that home prices in Indianola, MS are decreasing. According to Zillow, the 1-year price projection is -6.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $94,000 | -1.9% |
| Single Family | $94,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $58,000 | -12.1% |
3 Bed | $99,000 | 0.0% |
4 Bed | $119,000 | -0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Indianola, MS
Indianola, 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 — Indianola, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Indianola, MS is 74. This is a decrease of -21.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | -8.0% |
Listing Count | 37 | 35.0% |
| Listings as % of Homes | 0.3% | 35.0% |
Days on Market | 74 | -21.0% |
Demographics — Indianola, MS
As of the latest ACS Survey released in 2023, Indianola, MS has a population of 10,300, which has decreased by -3.7% over the past 5 years. Indianola, MS is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,300 | -3.7% |
% Under 18 | 26.2% | 3.6% |
% Seniors | 17.9% | 18.5% |
% WFH | 5.0% | 354.5% |
% w/ College Degree | 24.6% | 20.6% |
As of the latest ACS Survey released in 2023, Indianola, MS is a predominantly black area, with 77.5% of the population identifying as black. The black population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Indianola, MS is white, making up 20.7% of the population. Foreign-born residents account for 0.3% of the population in Indianola, MS, and this percentage has increased by 50.0% 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 | 20.7% | 5.1% |
% Black | 77.5% | -0.1% |
% Hispanic | 0.8% | -55.6% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 0.3% | 50.0% |
Mortgage and Risk — Indianola, MS
According to HUD data as of 2023, there were 87 mortgage originations in Indianola, MS, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Indianola, MS. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Indianola, MS
Indianola, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 274 |
Total Units Section 8 | 274 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Indianola, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $94,000 |
| Median Household Income | $43,000 |