Philadelphia, MS—39350
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Philadelphia, MS
Philadelphia, MS lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $128,000 | -5.9% |
| Single Family | $128,000 | -7.2% |
| 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 | $148,000 | -4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Philadelphia, MS
As of July '25, Rentcast reports the average rent in Philadelphia, MS is $1,300, with a year-over-year rent change of 18.2%. Per bedroom, the median rent as of July '25 in Philadelphia, MS is 2-bedrooms: $1,300. The most common rental property sizes in Philadelphia, MS are 3-bedroom and 2-bedroom, accounting for 44.0% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Philadelphia, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Philadelphia, MS is 90. This is a decrease of -15.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | 14.0% |
Listing Count | 46 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 90 | -15.0% |
Demographics — Philadelphia, MS
As of the latest ACS Survey released in 2023, Philadelphia, MS has a population of 23,900, which has decreased by -4.5% over the past 5 years. Philadelphia, MS is a popular place for families, as children make up 28.7% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,900 | -4.5% |
% Under 18 | 28.7% | 2.5% |
% Seniors | 15.7% | 8.3% |
% WFH | 2.4% | 140.0% |
% w/ College Degree | 17.6% | 44.3% |
As of the latest ACS Survey released in 2023, Philadelphia, MS is a predominantly white area, with 50.3% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Philadelphia, MS is black, making up 24.4% of the population. Foreign-born residents account for 1.0% of the population in Philadelphia, MS, and this percentage has decreased by 28.6% 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 | 50.3% | -2.3% |
% Black | 24.4% | 2.5% |
% Hispanic | 1.0% | -41.2% |
% Asian | 0.7% | 40.0% |
% Foreign Born | 1.0% | -28.6% |
Mortgage and Risk — Philadelphia, MS
According to HUD data as of 2023, there were 191 mortgage originations in Philadelphia, MS, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Philadelphia, MS. Investor activity is low, as 11.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 191 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 11.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Philadelphia, MS
Philadelphia, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 299 |
Total Units Section 8 | 241 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | -$350 | $1,300 | $950 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Philadelphia, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $128,000 |
| Median Household Income | $50,300 |