Booneville, MS—38829
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Booneville, MS
As of Oct '25, the median home price in Booneville, MS is $138,000, with a year-over-year change of -4.8%. This indicates that home prices in Booneville, MS are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $138,000 | -4.8% |
| Single Family | $138,000 | -5.5% |
| 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 — Booneville, MS
As of July '25, Rentcast reports the average rent in Booneville, MS is $914, with a year-over-year rent change of -13.0%. Per bedroom, the median rent as of July '25 in Booneville, MS is 1-bedrooms: $745, 2-bedrooms: $749, 3-bedrooms: $930, 4-bedrooms: $1,200. The most common rental property sizes in Booneville, MS are 3-bedroom and 2-bedroom, accounting for 44.9% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $799 | $914 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $745 | $745 |
| 2 Bed Rent | $749 | $749 |
| 3 Bed Rent | $995 | $930 |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Booneville, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Booneville, MS is 75. This is a increase of 23.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $198,000 | 14.0% |
Listing Count | 59 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 75 | 23.0% |
Demographics — Booneville, MS
As of the latest ACS Survey released in 2023, Booneville, MS has a population of 18,000, which has decreased by -4.9% over the past 5 years. Booneville, MS is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,000 | -4.9% |
% Under 18 | 21.5% | -6.1% |
% Seniors | 18.3% | 4.6% |
% WFH | 1.4% | -36.4% |
% w/ College Degree | 20.2% | 50.7% |
As of the latest ACS Survey released in 2023, Booneville, MS is a predominantly white area, with 82.6% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Booneville, MS is black, making up 9.9% of the population. Foreign-born residents account for 2.3% of the population in Booneville, MS, and this percentage has increased by 283.3% 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 | 82.6% | -1.3% |
% Black | 9.9% | -7.5% |
% Hispanic | 1.2% | -7.7% |
% Asian | 3.1% | 3,000.0% |
% Foreign Born | 2.3% | 283.3% |
Mortgage and Risk — Booneville, MS
According to HUD data as of 2023, there were 262 mortgage originations in Booneville, MS, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Booneville, MS. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Booneville, MS
Booneville, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 267 |
Total Units Section 8 | 87 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$35 | $745 | $710 |
| 2 Bedroom | $181 | $749 | $930 |
| 3 Bedroom | $125 | $995 | $1,120 |
| 4 Bedroom | $40 | $1,200 | $1,240 |
Affordability — Booneville, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $138,000 |
| Median Household Income | $52,000 |