Inverness, MS—38753
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Inverness, MS
As of Oct '25, the median home price in Inverness, MS is $122,000, with a year-over-year change of -5.6%. This indicates that home prices in Inverness, MS are decreasing. According to Zillow, the 1-year price projection is -4.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $122,000 | -5.6% |
| Single Family | $122,000 | -5.4% |
| 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 | $125,000 | -2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Inverness, MS
Inverness, 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 — Inverness, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Inverness, MS is 131. This is a increase of 24.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $140,000 | -92.0% |
Listing Count | 4 | 83.0% |
| Listings as % of Homes | 0.3% | 83.0% |
Days on Market | 131 | 24.0% |
Demographics — Inverness, MS
As of the latest ACS Survey released in 2023, Inverness, MS has a population of 1,240, which has decreased by -2.0% over the past 5 years. Inverness, MS is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,240 | -2.0% |
% Under 18 | 25.4% | 23.9% |
% Seniors | 13.6% | -32.0% |
% WFH | 1.1% | 175.0% |
% w/ College Degree | 17.2% | 6.2% |
Inverness, MS lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.2% | -7.3% |
% Black | 54.2% | 6.9% |
% Hispanic | 0.3% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Inverness, MS
According to HUD data as of 2023, there were 20 mortgage originations in Inverness, MS, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Inverness, MS. Investor activity is low, as 0.0% 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 | 20 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Inverness, MS
Inverness, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% 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 | $730 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Inverness, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $122,000 |
| Median Household Income | $53,800 |