38965
Water Valley, Mississippi.
Water Valley, Yalobusha County, MS · Oxford, MS metro · population 8,963
to buy the typical home at today's mortgage rate — +$397 (+67%) since Jan 2020.
- 1 year
- Up $4,745 +3%
- $184,546$189,290 since Sep 2025
- 5 years
- Down $9,173 -5%
- $198,464$189,290 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 38965$994
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in zip 38965 rose 2.6% over the past year — faster than the nation's +1.2%.
This zip spans 4 counties: Yalobusha County, MS 59% · Lafayette County, MS 21% · Calhoun County, MS 16% · Panola County, MS 4%
Zillow also publishes an index for the city itself: Water Valley, MS — measured over the city limits, which is a different area from this zip.
Typical home value — 38965
Mid-tier homes, smoothed and seasonally adjusted.
- 38965$189,290
- Oxford$403,561
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 11.3 | 38673 | Taylor | 1,056 | — | $389,186 |
| 12.3 | 38913 | Banner | 509 | — | $168,471 |
| 13.8 | 38915 | Bruce | 3,402 | — | $141,038 |
| 14.1 | 38922 | Coffeeville | 3,296 | — | $127,515 |
| 14.9 | 38655 | Oxford | 46,156 | $2,338 | $416,033 |
| 17.7 | 38948 | Oakland | 1,818 | — | $149,123 |
| 17.9 | 38658 | Pope | 2,124 | — | $189,370 |
| 19.6 | 38620 | Courtland | 3,386 | — | $193,118 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.