Tupelo, MS—38801
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Tupelo, MS
Home Price Trends — Tupelo, MS
As of Oct '25, the median home price in Tupelo, MS is $193,000, with a year-over-year change of 6.1%. This indicates that home prices in Tupelo, MS are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 6.1% |
| Single Family | $193,000 | 6.0% |
| 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 | $204,000 | 5.2% |
4 Bed | $317,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tupelo, MS
As of July '25, Rentcast reports the average rent in Tupelo, MS is $1,170, with a year-over-year rent change of -18.8%. Per bedroom, the median rent as of July '25 in Tupelo, MS is 1-bedrooms: $1,150, 2-bedrooms: $1,060, 3-bedrooms: $1,500. The most common rental property sizes in Tupelo, MS are 3-bedroom and 2-bedroom, accounting for 35.7% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $1,100 | $1,060 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tupelo, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Tupelo, MS is 59. This is a increase of 5.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 27.0% |
Listing Count | 109 | 13.0% |
| Listings as % of Homes | 0.7% | 13.0% |
Days on Market | 59 | 5.0% |
Demographics — Tupelo, MS
As of the latest ACS Survey released in 2023, Tupelo, MS has a population of 29,800, which has remained stable by -0.8% over the past 5 years. Tupelo, MS is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | -0.8% |
% Under 18 | 26.0% | 0.0% |
% Seniors | 13.7% | -12.7% |
% WFH | 2.9% | 141.7% |
% w/ College Degree | 28.8% | 9.1% |
As of the latest ACS Survey released in 2023, Tupelo, MS is a predominantly black area, with 45.5% of the population identifying as black. The black population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Tupelo, MS is white, making up 44.4% of the population. Foreign-born residents account for 4.1% of the population in Tupelo, MS, and this percentage has increased by 24.2% 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 | 44.4% | -11.9% |
% Black | 45.5% | 4.1% |
% Hispanic | 6.0% | 122.2% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 4.1% | 24.2% |
Mortgage and Risk — Tupelo, MS
According to HUD data as of 2023, there were 532 mortgage originations in Tupelo, MS, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Tupelo, MS. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 532 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Tupelo, MS
Tupelo, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,241 |
Total Units Section 8 | 1,165 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,150 | $950 |
| 2 Bedroom | $20 | $1,100 | $1,120 |
| 3 Bedroom | -$90 | $1,500 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Tupelo, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $193,000 |
| Median Household Income | $63,400 |