Quitman, MS—39355
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Quitman, MS
As of Oct '25, the median home price in Quitman, MS is $100,000, with a year-over-year change of -11.5%. This indicates that home prices in Quitman, MS are decreasing. According to Zillow, the 1-year price projection is -4.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $100,000 | -11.5% |
| Single Family | $100,000 | -12.3% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Quitman, MS
Quitman, 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 — Quitman, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Quitman, MS is 108. This is a increase of 96.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $99,500 | -22.0% |
Listing Count | 13 | -2.0% |
| Listings as % of Homes | 0.2% | -2.0% |
Days on Market | 108 | 96.0% |
Demographics — Quitman, MS
As of the latest ACS Survey released in 2023, Quitman, MS has a population of 6,060, which has decreased by -9.6% over the past 5 years. Quitman, MS is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,060 | -9.6% |
% Under 18 | 16.0% | -25.6% |
% Seniors | 27.9% | 21.8% |
% WFH | 3.2% | ∞% |
% w/ College Degree | 16.5% | 15.4% |
As of the latest ACS Survey released in 2023, Quitman, MS is a predominantly white area, with 64.9% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Quitman, MS is black, making up 31.8% of the population. Foreign-born residents account for 2.6% of the population in Quitman, MS, and this percentage has increased by 333.3% 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 | 64.9% | 1.2% |
% Black | 31.8% | -8.4% |
% Hispanic | 1.3% | 116.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.6% | 333.3% |
Mortgage and Risk — Quitman, MS
According to HUD data as of 2023, there were 77 mortgage originations in Quitman, MS, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Quitman, MS. Investor activity is low, as 4.0% 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 | 77 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 4.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Quitman, MS
Quitman, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Quitman, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $100,000 |
| Median Household Income | $48,600 |