Caledonia, MS—39740
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Caledonia, MS
As of Oct '25, the median home price in Caledonia, MS is $248,000, with a year-over-year change of 4.8%. This indicates that home prices in Caledonia, MS are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 4.8% |
| Single Family | $248,000 | 4.6% |
| 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 — Caledonia, MS
As of July '25, Rentcast reports the average rent in Caledonia, MS is $3,500, with a year-over-year rent change of 91.3%. Per bedroom, the median rent as of July '25 in Caledonia, MS is 3-bedrooms: $2,500, 4-bedrooms: $4,500. The most common rental property sizes in Caledonia, MS are 3-bedroom and 2-bedroom, accounting for 67.1% and 21.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Caledonia, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Caledonia, MS is 71. This is a decrease of -4.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | -6.0% |
Listing Count | 23 | 51.0% |
| Listings as % of Homes | 0.5% | 51.0% |
Days on Market | 71 | -4.0% |
Demographics — Caledonia, MS
As of the latest ACS Survey released in 2023, Caledonia, MS has a population of 5,890, which has increased by 11.1% over the past 5 years. Caledonia, MS is a popular place for families, as children make up 29.7% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,890 | 11.1% |
% Under 18 | 29.7% | 17.4% |
% Seniors | 11.6% | -10.8% |
% WFH | 2.5% | -34.2% |
% w/ College Degree | 28.4% | 28.5% |
As of the latest ACS Survey released in 2023, Caledonia, MS is a predominantly white area, with 80.2% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Caledonia, MS is black, making up 8.1% of the population. Foreign-born residents account for 2.1% of the population in Caledonia, MS, and this percentage has decreased by 43.2% 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 | 80.2% | -6.0% |
% Black | 8.1% | -29.6% |
% Hispanic | 3.0% | 57.9% |
% Asian | 1.3% | 116.7% |
% Foreign Born | 2.1% | -43.2% |
Mortgage and Risk — Caledonia, MS
According to HUD data as of 2023, there were 136 mortgage originations in Caledonia, MS, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Caledonia, MS. Investor activity is low, as 1.0% 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 | 136 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Caledonia, MS
Caledonia, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | -$1,230 | $2,500 | $1,270 |
| 4 Bedroom | -$3,160 | $4,500 | $1,340 |
Affordability — Caledonia, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $248,000 |
| Median Household Income | $85,700 |