Blue Springs, MS—38828
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $178,000 | 2.1% |
| Single Family | $178,000 | 0.6% |
| 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 | $223,000 | 6.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Blue Springs, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Blue Springs, MS is 37. This is a increase of 72.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | -13.0% |
Listing Count | 9 | -8.0% |
| Listings as % of Homes | 0.2% | -8.0% |
Days on Market | 37 | 72.0% |
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% |
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% | ∞% |
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% |
Loan Activity
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 |
Affordability — Blue Springs, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $178,000 |
| Median Household Income | $54,500 |