Indianola, MS 38751 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Indianola, MS—38751

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$97,000

2.5% YoY Growth

Household Income

$43,000

41.5% YoY Growth

Days on Market

102

24.0% Shorter YoY

Home Price Forecast

-4.2%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Indianola, MS

As of Dec '25, the median home price in Indianola, MS is $97,000, with a year-over-year change of -2.5%. This indicates that home prices in Indianola, MS are decreasing. According to Zillow, the 1-year price projection is -4.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$97,000	-2.5%
Single Family	$97,000	-4.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

4.1%

1 Bedroom

18.6%

2 Bedrooms

21.5%

3 Bedrooms

45.5%

4 Bedrooms

10.3%

Property Listings — Indianola, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Indianola, MS is 79. This is a decrease of -30.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$189,000	-5.0%
Listing Count	44	54.0%
Listings as % of Homes	0.3%	54.0%
Days on Market	102	-24.0%

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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%

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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%

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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%

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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

Indianola, MS—38751

Key Metrics at a Glance

Home Price Trends — Indianola, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Indianola, MS

% of Rental Stock

Property Listings — Indianola, MS

Demographics — Indianola, MS

Race and Ethnicity

Mortgage and Risk — Indianola, MS

Mortgages

Rentals and Section 8 — Indianola, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Indianola, MS

Home Price to Income Ratio

Indianola, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Inverness, MS

Shaw, MS

Sunflower, MS

Leland, MS

Moorhead, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$97,000
Median Household Income	$43,000

Indianola, MS—38751

Key Metrics at a Glance

Home Price Trends — Indianola, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Indianola, MS

% of Rental Stock

Property Listings — Indianola, MS

Demographics — Indianola, MS

Race and Ethnicity

Mortgage and Risk — Indianola, MS

Mortgages

Rentals and Section 8 — Indianola, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Indianola, MS

Home Price to Income Ratio

Indianola, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Inverness, MS

Shaw, MS

Sunflower, MS

Leland, MS

Moorhead, MS

Frequently Asked Questions

What is the average home price in Indianola, MS 38751?

How have home prices in Indianola, MS 38751 changed over the past year?

What is the home price projection for Indianola, MS 38751?

What are the demographics of Indianola, MS 38751?

How long does it take homes to sell in Indianola, MS 38751?

What is the average rent price in Indianola, MS 38751?