Okolona, MS—38860
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Okolona, MS
Okolona, MS lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $123,000 | 2.7% |
| Single Family | $122,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $84,000 | -2.3% |
3 Bed | $116,000 | 0.9% |
4 Bed | $172,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Okolona, MS
As of July '25, Rentcast reports the average rent in Okolona, MS is $838, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Okolona, MS is 2-bedrooms: $836, 3-bedrooms: $850. The most common rental property sizes in Okolona, MS are 2-bedroom and 3-bedroom, accounting for 51.1% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $838 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $836 |
| 3 Bed Rent | $850 | $850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Okolona, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Okolona, MS is 89. This is a decrease of -8.0% 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 | $150,000 | 15.0% |
Listing Count | 12 | 13.0% |
| Listings as % of Homes | 0.3% | 13.0% |
Days on Market | 89 | -8.0% |
Demographics — Okolona, MS
As of the latest ACS Survey released in 2023, Okolona, MS has a population of 6,310, which has decreased by -3.5% over the past 5 years. Okolona, MS is a popular place for families, as children make up 28.8% of the population. The area has a poorly educated workforce, with 8.1% 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 | 6,310 | -3.5% |
% Under 18 | 28.8% | 8.7% |
% Seniors | 15.2% | -10.1% |
% WFH | 3.2% | -3.0% |
% w/ College Degree | 8.1% | -22.1% |
As of the latest ACS Survey released in 2023, Okolona, MS is a predominantly black area, with 54.8% of the population identifying as black. The black population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Okolona, MS is white, making up 44.9% of the population. Foreign-born residents account for 0.1% of the population in Okolona, MS, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.9% | 31.7% |
% Black | 54.8% | -14.0% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | 0.0% |
Mortgage and Risk — Okolona, MS
According to HUD data as of 2023, there were 24 mortgage originations in Okolona, MS, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Okolona, MS. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Okolona, MS
Okolona, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 103 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | $100 | $850 | $950 |
| 3 Bedroom | $370 | $850 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Okolona, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $123,000 |
| Median Household Income | $43,900 |