Tunica, MS—38676
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tunica, MS
As of Oct '25, the median home price in Tunica, MS is $135,000, with a year-over-year change of -4.0%. This indicates that home prices in Tunica, MS are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $135,000 | -4.0% |
| Single Family | $135,000 | -2.9% |
| 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 | $140,000 | 0.0% |
4 Bed | $196,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tunica, MS
As of July '25, Rentcast reports the average rent in Tunica, MS is $1,500, with a year-over-year rent change of 50.0%. Per bedroom, the median rent as of July '25 in Tunica, MS is 3-bedrooms: $1,500. The most common rental property sizes in Tunica, MS are 3-bedroom and 2-bedroom, accounting for 44.7% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tunica, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Tunica, MS is 35. This is a decrease of -3.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $125,000 | -6.0% |
Listing Count | 2 | -50.0% |
| Listings as % of Homes | 0.2% | -50.0% |
Days on Market | 35 | -3.0% |
Demographics — Tunica, MS
As of the latest ACS Survey released in 2023, Tunica, MS has a population of 5,320, which has decreased by -15.2% over the past 5 years. Tunica, MS is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,320 | -15.2% |
% Under 18 | 22.5% | -31.4% |
% Seniors | 17.6% | 40.8% |
% WFH | 0.5% | -66.7% |
% w/ College Degree | 15.6% | 35.7% |
As of the latest ACS Survey released in 2023, Tunica, MS is a predominantly black area, with 77.5% of the population identifying as black. The black population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Tunica, MS is white, making up 21.8% of the population. Foreign-born residents account for 0.7% of the population in Tunica, MS, and this percentage has increased by 133.3% 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 | 21.8% | 20.4% |
% Black | 77.5% | -4.2% |
% Hispanic | 1.3% | 160.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | 133.3% |
Mortgage and Risk — Tunica, MS
According to HUD data as of 2023, there were 30 mortgage originations in Tunica, MS, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Tunica, MS. Investor activity is low, as 13.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 13.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Tunica, MS
Tunica, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 258 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | 20.9% |
% Occupied Section 8 | 73.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | -$110 | $1,500 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Tunica, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $135,000 |
| Median Household Income | $34,600 |