Itta Bena, MS 38941 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Itta Bena, MS—38941

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$56,000

15.2% YoY Growth

Household Income

$34,000

58.4% YoY Growth

Days on Market

56.0% Longer YoY

Home Price Forecast

-7.6%

Median Rent

$3,200

10.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,200

10.9% YoY Growth

Home Price Trends — Itta Bena, MS

As of May '26, the median home price in Itta Bena, MS is $56,000, with a year-over-year change of -15.2%. This indicates that home prices in Itta Bena, MS are decreasing. According to Zillow, the 1-year price projection is -7.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$56,000	-15.2%
Single Family	$56,000	-13.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

19.9%

2 Bedrooms

34.5%

3 Bedrooms

28.3%

4 Bedrooms

17.3%

Property Listings — Itta Bena, MS

As of May '26, Realtor.com reports that the median days on market for a home in Itta Bena, MS is 95. This is a increase of 56.0% 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	$200,000	209.0%
Listing Count	3	-31.0%
Listings as % of Homes	0.2%	-31.0%
Days on Market	95	56.0%

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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%

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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%

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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%

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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

Itta Bena, MS—38941

Key Metrics at a Glance

Home Price Trends — Itta Bena, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Itta Bena, MS

% of Rental Stock

Property Listings — Itta Bena, MS

Demographics — Itta Bena, MS

Race and Ethnicity

Mortgage and Risk — Itta Bena, MS

Mortgages

Rentals and Section 8 — Itta Bena, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Itta Bena, MS

Home Price to Income Ratio

Itta Bena, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Morgan City

Moorhead, MS

Schlater, MS

Sidon, MS

Sunflower, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	$56,000
Median Household Income	$34,000

Itta Bena, MS—38941

Key Metrics at a Glance

Home Price Trends — Itta Bena, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Itta Bena, MS

% of Rental Stock

Property Listings — Itta Bena, MS

Demographics — Itta Bena, MS

Race and Ethnicity

Mortgage and Risk — Itta Bena, MS

Mortgages

Rentals and Section 8 — Itta Bena, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Itta Bena, MS

Home Price to Income Ratio

Itta Bena, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Morgan City

Moorhead, MS

Schlater, MS

Sidon, MS

Sunflower, MS

Frequently Asked Questions

What is the average home price in Itta Bena, MS 38941?

How have home prices in Itta Bena, MS 38941 changed over the past year?

What is the home price projection for Itta Bena, MS 38941?

What are the demographics of Itta Bena, MS 38941?

How long does it take homes to sell in Itta Bena, MS 38941?

What is the average rent price in Itta Bena, MS 38941?