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Itta Bena, MS—38941

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$53,000
12.3% YoY Growth
Household Income
$34,000
58.4% YoY Growth
Days on Market
25
86.0% Shorter YoY
Home Price Forecast
-6.5%
Median Rent
$3,200
10.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,200
10.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Itta Bena, MS

As of Dec '25, the median home price in Itta Bena, MS is $53,000, with a year-over-year change of -12.3%. This indicates that home prices in Itta Bena, MS are decreasing. According to Zillow, the 1-year price projection is -6.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$53,000-12.3%
Single Family $53,000-11.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$39,00011.4%
    3 Bed
    		$53,000-10.2%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.8%
    1 Bedroom
    12.3%
    2 Bedrooms
    22.1%
    3 Bedrooms
    46.5%
    4 Bedrooms
    14.0%
    5+ Bedrooms
    1.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$3,200$3,500
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $3,200$3,500
    4 Bed Rent N/AN/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 Dec '25, Realtor.com reports that the median days on market for a home in Itta Bena, MS is 24. This is a decrease of -17.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$153,00033.0%
    Listing Count
    		480.0%
    Listings as % of Homes0.2%80.0%
    Days on Market
    		25-86.0%
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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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$720
    2 BedroomN/AN/A$940
    3 Bedroom-$2,020$3,200$1,180
    4 BedroomN/AN/A$1,250

    Affordability — Itta Bena, MS

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home Price$53,000
    Median Household Income$34,000

    Itta Bena, MS — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    38946

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    38761

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    38954

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    Frequently Asked Questions