North Carrollton, MS—38917
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Carrollton, MS
As of Oct '25, the median home price in North Carrollton, MS is $183,000, with a year-over-year change of -6.9%. This indicates that home prices in North Carrollton, MS are decreasing. According to Zillow, the 1-year price projection is -3.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | -6.9% |
| Single Family | $183,000 | -8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $139,000 | -6.7% |
3 Bed | $172,000 | -6.0% |
4 Bed | $280,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Carrollton, MS
North Carrollton, MS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Carrollton, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in North Carrollton, MS is 78. This is a decrease of -16.0% 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 | $305,000 | -33.0% |
Listing Count | 11 | 41.0% |
| Listings as % of Homes | 0.3% | 41.0% |
Days on Market | 78 | -16.0% |
Demographics — North Carrollton, MS
As of the latest ACS Survey released in 2023, North Carrollton, MS has a population of 3,060, which has decreased by -6.3% over the past 5 years. North Carrollton, MS is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,060 | -6.3% |
% Under 18 | 18.8% | 15.3% |
% Seniors | 27.0% | -2.5% |
% WFH | 1.5% | 150.0% |
% w/ College Degree | 21.5% | 30.3% |
As of the latest ACS Survey released in 2023, North Carrollton, MS is a predominantly white area, with 72.6% of the population identifying as white. The white population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in North Carrollton, MS is black, making up 26.3% of the population. Foreign-born residents account for 1.7% of the population in North Carrollton, MS, and this percentage has increased by Inf% 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 | 72.6% | 6.5% |
% Black | 26.3% | -16.0% |
% Hispanic | 0.0% | N/A |
% Asian | 0.7% | ∞% |
% Foreign Born | 1.7% | ∞% |
Mortgage and Risk — North Carrollton, MS
According to HUD data as of 2023, there were 37 mortgage originations in North Carrollton, MS, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in North Carrollton, MS. Investor activity is low, as 5.0% 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 | 37 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — North Carrollton, MS
North Carrollton, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% 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 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — North Carrollton, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $183,000 |
| Median Household Income | $67,800 |