Magee, MS—39111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Magee, MS
As of Oct '25, the median home price in Magee, MS is $156,000, with a year-over-year change of 2.7%. This indicates that home prices in Magee, MS are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 2.7% |
| Single Family | $156,000 | 2.0% |
| 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 | $181,000 | 1.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Magee, MS
As of July '25, Rentcast reports the average rent in Magee, MS is $1,050, with a year-over-year rent change of 18.9%. Per bedroom, the median rent as of July '25 in Magee, MS is 3-bedrooms: $1,050. The most common rental property sizes in Magee, MS are 3-bedroom and 2-bedroom, accounting for 48.0% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,050 | $1,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Magee, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Magee, MS is 126. This is a increase of 42.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 25.0% |
Listing Count | 37 | 17.0% |
| Listings as % of Homes | 0.6% | 17.0% |
Days on Market | 126 | 42.0% |
Demographics — Magee, MS
As of the latest ACS Survey released in 2023, Magee, MS has a population of 8,930, which has decreased by -7.8% over the past 5 years. Magee, MS is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,930 | -7.8% |
% Under 18 | 25.0% | -9.1% |
% Seniors | 17.6% | 17.3% |
% WFH | 1.9% | 280.0% |
% w/ College Degree | 15.3% | 2.7% |
As of the latest ACS Survey released in 2023, Magee, MS is a predominantly white area, with 67.5% of the population identifying as white. The white population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Magee, MS is black, making up 28.5% of the population. Foreign-born residents account for 2.4% of the population in Magee, MS, and this percentage has increased by 84.6% 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 | 67.5% | 4.8% |
% Black | 28.5% | -13.6% |
% Hispanic | 3.6% | 414.3% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 2.4% | 84.6% |
Mortgage and Risk — Magee, MS
According to HUD data as of 2023, there were 127 mortgage originations in Magee, MS, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Magee, MS. Investor activity is low, as 6.0% 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 | 127 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Magee, MS
Magee, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | $250 | $1,050 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Magee, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $156,000 |
| Median Household Income | $46,400 |