Itta Bena, MS—38941
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Itta Bena, MS
As of Oct '25, the median home price in Itta Bena, MS is $55,000, with a year-over-year change of -13.9%. This indicates that home prices in Itta Bena, MS are decreasing. According to Zillow, the 1-year price projection is -6.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $55,000 | -13.9% |
| Single Family | $55,000 | -11.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $38,000 | 8.6% |
3 Bed | $55,000 | -11.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Itta Bena, MS
As of July '25, Rentcast reports the average rent in Itta Bena, MS is $3,500, with a year-over-year rent change of -10.9%. Per bedroom, the median rent as of July '25 in Itta Bena, MS is 3-bedrooms: $3,500. The most common rental property sizes in Itta Bena, MS are 2-bedroom and 3-bedroom, accounting for 34.5% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,200 | $3,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Itta Bena, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Itta Bena, MS is 10. This is a increase of 77.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $32,000 | -29.0% |
Listing Count | 2 | 100.0% |
| Listings as % of Homes | 0.2% | 100.0% |
Days on Market | 10 | 77.0% |
Demographics — Itta Bena, MS
As of the latest ACS Survey released in 2023, Itta Bena, MS has a population of 3,480, which has decreased by -22.4% over the past 5 years. Itta Bena, MS is a moderately popular place for families, as children make up 16.1% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,480 | -22.4% |
% Under 18 | 16.1% | -29.1% |
% Seniors | 15.8% | 35.0% |
% WFH | 0.6% | -14.3% |
% w/ College Degree | 20.8% | 9.5% |
As of the latest ACS Survey released in 2023, Itta Bena, MS is a predominantly black area, with 88.0% of the population identifying as black. The black population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Itta Bena, MS is white, making up 10.4% of the population. Foreign-born residents account for 1.7% of the population in Itta Bena, MS, and this percentage has decreased by 59.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 10.4% | 36.8% |
% Black | 88.0% | 3.5% |
% Hispanic | 0.2% | -97.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | -59.5% |
Mortgage and Risk — Itta Bena, MS
According to HUD data as of 2023, there were 14 mortgage originations in Itta Bena, MS, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Itta Bena, MS. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 14 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Itta Bena, MS
Itta Bena, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 199 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.6% |
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 | $940 |
| 3 Bedroom | -$2,020 | $3,200 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Itta Bena, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $55,000 |
| Median Household Income | $34,000 |