Leland, MS—38756
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leland, MS
As of Oct '25, the median home price in Leland, MS is $59,000, with a year-over-year change of -31.5%. This indicates that home prices in Leland, MS are decreasing. According to Zillow, the 1-year price projection is -12.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $59,000 | -31.5% |
| Single Family | $59,000 | -32.2% |
| 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 — Leland, MS
Leland, 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 — Leland, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Leland, MS is 109. This is a increase of 34.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $151,000 | 34.0% |
Listing Count | 12 | 52.0% |
| Listings as % of Homes | 0.4% | 52.0% |
Days on Market | 109 | 34.0% |
Demographics — Leland, MS
As of the latest ACS Survey released in 2023, Leland, MS has a population of 6,570, which has increased by 7.9% over the past 5 years. Leland, MS is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,570 | 7.9% |
% Under 18 | 23.8% | -12.8% |
% Seniors | 17.2% | 30.3% |
% WFH | 3.4% | 209.1% |
% w/ College Degree | 22.5% | 9.8% |
As of the latest ACS Survey released in 2023, Leland, MS is a predominantly black area, with 54.1% of the population identifying as black. The black population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Leland, MS is white, making up 39.3% of the population. Foreign-born residents account for 1.5% of the population in Leland, MS, and this percentage has decreased by 62.5% 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 | 39.3% | 20.2% |
% Black | 54.1% | -11.6% |
% Hispanic | 3.6% | -43.8% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 1.5% | -62.5% |
Mortgage and Risk — Leland, MS
According to HUD data as of 2023, there were 51 mortgage originations in Leland, MS, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Leland, MS. Investor activity is low, as 2.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Leland, MS
Leland, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 140 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Leland, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $59,000 |
| Median Household Income | $47,200 |