Grenada, MS—38901
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Grenada, MS
Home Price Trends — Grenada, MS
As of Nov '25, the median home price in Grenada, MS is $129,000, with a year-over-year change of 8.3%. This indicates that home prices in Grenada, MS are increasing. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $129,000 | 8.3% |
| Single Family | $129,000 | 6.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $55,000 | -1.8% |
3 Bed | $125,000 | 7.8% |
4 Bed | $259,000 | 7.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grenada, MS
As of July '25, Rentcast reports the average rent in Grenada, MS is $858, with a year-over-year rent change of 21.0%. Per bedroom, the median rent as of July '25 in Grenada, MS is 1-bedrooms: $612, 2-bedrooms: $772, 3-bedrooms: $875, 4-bedrooms: $1,450. The most common rental property sizes in Grenada, MS are 2-bedroom and 3-bedroom, accounting for 48.8% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $858 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $525 | $612 |
| 2 Bed Rent | $595 | $772 |
| 3 Bed Rent | $600 | $875 |
| 4 Bed Rent | $1,450 | $1,450 |
% of Rental Stock
Property Listings — Grenada, MS
As of Nov '25, Realtor.com reports that the median days on market for a home in Grenada, MS is 78. This is a decrease of -20.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $199,000 | 25.0% |
Listing Count | 63 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 78 | -20.0% |
Demographics — Grenada, MS
As of the latest ACS Survey released in 2023, Grenada, MS has a population of 17,900, which has decreased by -4.5% over the past 5 years. Grenada, MS is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 26.2% 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 | 17,900 | -4.5% |
% Under 18 | 22.3% | -7.1% |
% Seniors | 18.5% | 10.8% |
% WFH | 3.2% | 357.1% |
% w/ College Degree | 26.2% | 25.4% |
As of the latest ACS Survey released in 2023, Grenada, MS is a predominantly white area, with 49.0% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Grenada, MS is black, making up 47.5% of the population. Foreign-born residents account for 1.0% of the population in Grenada, MS, and this percentage has increased by 150.0% 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 | 49.0% | -6.7% |
% Black | 47.5% | 2.2% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 1.0% | 150.0% |
Mortgage and Risk — Grenada, MS
According to HUD data as of 2023, there were 189 mortgage originations in Grenada, MS, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Grenada, MS. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 189 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Grenada, MS
Grenada, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 567 |
Total Units Section 8 | 495 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $525 | $740 |
| 2 Bedroom | $375 | $595 | $970 |
| 3 Bedroom | $570 | $600 | $1,170 |
| 4 Bedroom | -$70 | $1,450 | $1,380 |
Affordability — Grenada, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $129,000 |
| Median Household Income | $47,000 |