Mound Bayou, MS—38762
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mound Bayou, MS
Mound Bayou, 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 — Mound Bayou, MS
Mound Bayou, 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 — Mound Bayou, MS
Mound Bayou, 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 — Mound Bayou, MS
As of the latest ACS Survey released in 2023, Mound Bayou, MS has a population of 2,100, which has decreased by -14.0% over the past 5 years. Mound Bayou, MS is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,100 | -14.0% |
% Under 18 | 27.4% | 1.5% |
% Seniors | 17.5% | 29.6% |
% WFH | 0.8% | -89.5% |
% w/ College Degree | 22.1% | 10.5% |
As of the latest ACS Survey released in 2023, Mound Bayou, MS is a predominantly black area, with 99.1% of the population identifying as black. The black population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Mound Bayou, MS is hispanic, making up 0.4% of the population. Foreign-born residents account for 0.4% of the population in Mound Bayou, MS, and this percentage has increased by Inf% 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 | 0.0% | -100.0% |
% Black | 99.1% | 0.2% |
% Hispanic | 0.4% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | ∞% |
Mortgage and Risk — Mound Bayou, MS
According to HUD data as of 2023, there were 9 mortgage originations in Mound Bayou, MS, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Mound Bayou, MS. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 9 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Mound Bayou, MS
Mound Bayou, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 164 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Mound Bayou, 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 | $32,100 |