Blue Springs, MS 38828 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Blue Springs, MS—38828

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$185,000

1.0% YoY Growth

Household Income

$54,500

27.8% YoY Growth

Days on Market

85

42.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,250

21.3% YoY Growth

1-Bed Rent

$800

N/A

2-Bed Rent

$1,250

N/A

3-Bed Rent

$1,500

N/A

Home Price Trends — Blue Springs, MS

Blue Springs, MS lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$185,000	1.0%
Single Family	$186,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Blue Springs, MS

As of July '25, Rentcast reports the average rent in Blue Springs, MS is $1,180, with a year-over-year rent change of -21.3%. Per bedroom, the median rent as of July '25 in Blue Springs, MS is 1-bedrooms: $800, 2-bedrooms: $1,250, 3-bedrooms: $1,500. The most common rental property sizes in Blue Springs, MS are 3-bedroom and 2-bedroom, accounting for 65.9% and 25.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,250	$1,180
Studio Rent	N/A	N/A
1 Bed Rent	$800	$800
2 Bed Rent	$1,250	$1,250
3 Bed Rent	$1,500	$1,500
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

6.8%

1 Bedroom

1.4%

2 Bedrooms

25.8%

3 Bedrooms

65.9%

Property Listings — Blue Springs, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Blue Springs, MS is 57. This is a decrease of -16.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$323,000	41.0%
Listing Count	8	-7.0%
Listings as % of Homes	0.2%	-7.0%
Days on Market	85	-42.0%

Loading chart...

Demographics — Blue Springs, MS

As of the latest ACS Survey released in 2023, Blue Springs, MS has a population of 4,530, which has increased by 2.2% over the past 5 years. Blue Springs, MS is a popular place for families, as children make up 30.7% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,530	2.2%
% Under 18	30.7%	2.7%
% Seniors	14.0%	-26.7%
% WFH	0.5%	66.7%
% w/ College Degree	16.4%	26.2%

Loading chart...

As of the latest ACS Survey released in 2023, Blue Springs, MS is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Blue Springs, MS is black, making up 12.3% of the population. Foreign-born residents account for 0.8% of the population in Blue Springs, 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	85.2%	-5.8%
% Black	12.3%	68.5%
% Hispanic	1.0%	100.0%
% Asian	0.0%	N/A
% Foreign Born	0.8%	∞%

Loading chart...

Mortgage and Risk — Blue Springs, MS

According to HUD data as of 2023, there were 68 mortgage originations in Blue Springs, MS, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Blue Springs, MS. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	68
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	0.0%
% Second Loans	6.0%
% Cash Out Refinance	12.0%

Loading chart...

Rentals and Section 8 — Blue Springs, MS

Blue Springs, MS lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	26
Total Units Section 8	27
% Rentals under Section 8	N/A
% Occupied Section 8	75.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$40	$800	$840
2 Bedroom	-$300	$1,250	$950
3 Bedroom	-$310	$1,500	$1,190
4 Bedroom	N/A	N/A	$1,340

Blue Springs, MS—38828

Key Metrics at a Glance

Home Price Trends — Blue Springs, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Blue Springs, MS

% of Rental Stock

Property Listings — Blue Springs, MS

Demographics — Blue Springs, MS

Race and Ethnicity

Mortgage and Risk — Blue Springs, MS

Mortgages

Rentals and Section 8 — Blue Springs, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Blue Springs, MS

Home Price to Income Ratio

Blue Springs, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Sherman

Belden, MS

Ecru, MS

Guntown, MS

Saltillo, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$185,000
Median Household Income	$54,500

Blue Springs, MS—38828

Key Metrics at a Glance

Home Price Trends — Blue Springs, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Blue Springs, MS

% of Rental Stock

Property Listings — Blue Springs, MS

Demographics — Blue Springs, MS

Race and Ethnicity

Mortgage and Risk — Blue Springs, MS

Mortgages

Rentals and Section 8 — Blue Springs, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Blue Springs, MS

Home Price to Income Ratio

Blue Springs, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Sherman

Belden, MS

Ecru, MS

Guntown, MS

Saltillo, MS

Frequently Asked Questions

What is the average home price in Blue Springs, MS 38828?

How have home prices in Blue Springs, MS 38828 changed over the past year?

What is the home price projection for Blue Springs, MS 38828?

What are the demographics of Blue Springs, MS 38828?

How long does it take homes to sell in Blue Springs, MS 38828?

What is the average rent price in Blue Springs, MS 38828?