Shannon, Mississippi.
Typical home $165,599 (+7.3% in a year). Tupelo, MS metro.
to buy the typical home at today's mortgage rate — +$425 (+96%) since Jan 2020.
- 1 year
- Up $11,317 +7%
- $154,282$165,599 since Sep 2025
- 5 years
- Up $19,160 +13%
- $146,439$165,599 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.
- Shannon$869
- Mississippi$1,021
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 28 years.
Typical home values in Shannon, MS rose 7.3% over the past year — faster than the nation's +1.2%.
Living in Shannon, Lee County, Mississippi
Shannon is a town of 1,496 people in Lee County. Half its households earn more than $42,297 a year and half less, against $67,863 across Lee County; 24% of its people live below the poverty line. Unemployment in Lee County was 2.9% in August 2026, and the county had 0.9% fewer jobs in 2025 than the year before. The most people in Lee County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Shannon is a small town in Lee County, Mississippi, with a population that stays modest. Household incomes in town run well below the county's, and more people live below the poverty line than most would expect of a county seat's neighbor. Few adults hold a four-year degree, and homes here sell for far less than in many parts of the country.
Work. Residents mostly work in schools, hospitals and social care, followed by manufacturing, shops and professional and business services. Few people work from home, and the typical commute is a moderate drive. Across Lee County, the largest workplaces include North Mississippi Medical Center, Tupelo Public School Dist and Ashley Furniture Industries - Saltillo. Unemployment in the county is lower than it was a year ago, though the county has fewer jobs than the year before.
Things to do. Tallabinnela Creek runs in or beside town, a quiet spot for a walk along the water. A short drive away are Tombigbee State Park, a protected area, and the Tupelo Automobile Museum. A longer drive brings you to the Elvis Presley Birthplace museum. Winters are mild and rarely snowy, summers are hot, and rain falls steadily through the year.
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- 14%of adults have a degree
- 24%below the poverty line
- 22 mintypical commute
- 3%work from home
What people in Lee County work in
Employed residents by industry, from the Census survey. Lee County had 52,044 jobs in 2025, 0.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 53° and lows near 32°; warmest in July, with highs near 92° and lows near 72°. About 59 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Verona Experiment Station weather station, 4 miles away (NOAA).
Largest workplaces in Lee County
- North Mississippi Medical CenterGeneral hospital2,584FTE
- HM Richards3371212,444
- Tupelo Public School DistSchool district1,105FTE
- Lee County School DistrictSchool district1,013FTE
- Ashley Furniture Industries - SaltilloMattresses manufacturing784
- MTD Consumer GroupGarden machinery and equipment, powered, manufacturing661
- Stanley Black and DeckerLawnmowers, powered, manufacturing661
- Ashley Furniture - VeronaMattresses manufacturing641
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 99 workplaces with 20 or more staff, 21,373 people in all across the county; Shannon has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- LightningRelatively high
- TornadoesRelatively high
- DroughtRelatively moderate
- EarthquakesRelatively moderate
- Heat wavesrelatively high in parts of ShannonRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Shannon’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lee County and the Tupelo, MS metro.
Shannon home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Shannon$165,599
- Mississippi$194,531
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Shannon8
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Shannon address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Shannon — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.