Terry, MS—39170
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Terry, MS
As of Oct '25, the median home price in Terry, MS is $258,000, with a year-over-year change of 5.9%. This indicates that home prices in Terry, MS are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | 5.9% |
| Single Family | $259,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $256,000 | 6.2% |
4 Bed | $363,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Terry, MS
Terry, MS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Terry, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Terry, MS is 107. This is a increase of 12.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | 6.0% |
Listing Count | 40 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 107 | 12.0% |
Demographics — Terry, MS
As of the latest ACS Survey released in 2023, Terry, MS has a population of 8,970, which has decreased by -14.7% over the past 5 years. Terry, MS is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,970 | -14.7% |
% Under 18 | 20.7% | -4.2% |
% Seniors | 19.2% | 5.5% |
% WFH | 8.2% | 355.6% |
% w/ College Degree | 32.0% | 36.2% |
As of the latest ACS Survey released in 2023, Terry, MS is a predominantly black area, with 50.4% of the population identifying as black. The black population has grown by 10.5% in the last 5 years. The second most common race or ethnicity in Terry, MS is white, making up 48.1% of the population. Foreign-born residents account for 0.3% of the population in Terry, MS, and this percentage has decreased by 70.0% 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 | 48.1% | -9.4% |
% Black | 50.4% | 10.5% |
% Hispanic | 0.2% | -75.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.3% | -70.0% |
Mortgage and Risk — Terry, MS
According to HUD data as of 2023, there were 203 mortgage originations in Terry, MS, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Terry, MS. Investor activity is low, as 0.0% 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 | 203 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Terry, MS
Terry, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Terry, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $258,000 |
| Median Household Income | $69,000 |