Tupelo, MS—38804
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Tupelo, MS
Home Price Trends — Tupelo, MS
As of Oct '25, the median home price in Tupelo, MS is $187,000, with a year-over-year change of 7.1%. This indicates that home prices in Tupelo, MS are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 7.1% |
| Single Family | $188,000 | 7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | 8.9% |
3 Bed | $204,000 | 6.2% |
4 Bed | $333,000 | 5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tupelo, MS
As of July '25, Rentcast reports the average rent in Tupelo, MS is $1,370, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Tupelo, MS is studios: $750, 1-bedrooms: $2,500, 2-bedrooms: $1,170, 3-bedrooms: $1,500, 4-bedrooms: $2,310. The most common rental property sizes in Tupelo, MS are 2-bedroom and 3-bedroom, accounting for 41.4% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,370 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $2,500 | $2,500 |
| 2 Bed Rent | $1,050 | $1,170 |
| 3 Bed Rent | $1,400 | $1,500 |
| 4 Bed Rent | $1,780 | $2,310 |
% of Rental Stock
Property Listings — Tupelo, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Tupelo, MS is 49. This is a decrease of -17.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 3.0% |
Listing Count | 77 | -9.0% |
| Listings as % of Homes | 0.7% | -9.0% |
Days on Market | 49 | -17.0% |
Demographics — Tupelo, MS
As of the latest ACS Survey released in 2023, Tupelo, MS has a population of 16,900, which has decreased by -4.3% over the past 5 years. Tupelo, MS is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | -4.3% |
% Under 18 | 20.9% | -23.4% |
% Seniors | 17.8% | 29.0% |
% WFH | 6.3% | 61.5% |
% w/ College Degree | 30.0% | 4.9% |
As of the latest ACS Survey released in 2023, Tupelo, MS is a predominantly white area, with 63.5% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Tupelo, MS is black, making up 29.6% of the population. Foreign-born residents account for 1.1% of the population in Tupelo, MS, and this percentage has decreased by 31.2% 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 | 63.5% | -5.1% |
% Black | 29.6% | 1.4% |
% Hispanic | 2.8% | 3.7% |
% Asian | 0.7% | 600.0% |
% Foreign Born | 1.1% | -31.2% |
Mortgage and Risk — Tupelo, MS
According to HUD data as of 2023, there were 241 mortgage originations in Tupelo, MS, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Tupelo, MS. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Tupelo, MS
Tupelo, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 552 |
Total Units Section 8 | 203 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,630 | $2,500 | $870 |
| 2 Bedroom | -$20 | $1,050 | $1,030 |
| 3 Bedroom | -$100 | $1,400 | $1,300 |
| 4 Bedroom | -$410 | $1,780 | $1,370 |
Affordability — Tupelo, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $187,000 |
| Median Household Income | $63,800 |