The story of this market
The typical home in ZIP 38901 sells for about $235,000, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $811 a month.
ZIP 38901 — Grenada
The housing market in 38901 remains stable with modest price appreciation driven by limited inventory. While demand is consistent, the market is constrained by local economic factors and a lack of new construction activity. Buyers are primarily local residents seeking affordable housing options.
This ZIP is well-suited for local families and first-time homebuyers looking for affordable entry points into the housing market. It is less attractive to commuters seeking high-density transit options or investors looking for rapid appreciation.
Median prices moved up 2.5% year over year.
Homes spend a median of 85 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 25.1% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 38901, Leflore County MS
Crime rates in Greenwood are higher than the national average, with property crime being the most frequently reported issue. Local law enforcement continues to focus on community-based initiatives to address these trends.
Schools in the area are primarily served by the Greenwood-Leflore Consolidated School District, which faces ongoing challenges regarding academic performance and resource allocation. Several private and charter options are available to residents seeking alternatives.
The area is located in a region with moderate flood risk, particularly near the Yazoo River basin. Residents are encouraged to maintain flood insurance as part of their standard property protection strategy.
Economic momentum is driven by the agricultural sector, manufacturing, and healthcare services. Recent efforts have focused on revitalizing the downtown district to attract small businesses and tourism.
Property taxes are assessed at the county level by the Leflore County Tax Assessor based on fair market value. The jurisdiction utilizes a millage rate system that supports local school districts and municipal services.
Commuting is primarily car-dependent, with most residents working within the city or in neighboring parts of Leflore County. There is limited public transit infrastructure available for daily commuting.
The area features several local parks, including Whittington Park, and offers access to the Yazoo River for outdoor activities. Shopping and dining are concentrated in the historic downtown area and along major thoroughfares.
The rental market is characterized by steady demand for affordable housing, with a significant portion of the inventory consisting of single-family homes. Vacancy rates remain relatively stable, though investor interest in short-term rentals is limited.
The economy is anchored by agriculture, manufacturing, and healthcare, with major employers including local hospitals and regional processing facilities. The area maintains a stable but slow-growth economic profile.
Transportation is dominated by private vehicle use, with major highway access provided by US-82 and US-49. There is no significant public transit system serving the area.
Development is currently focused on small-scale infill projects and the continued renovation of the historic downtown core. No major large-scale infrastructure expansions are currently underway.
The Leflore County Tax Assessor manages property valuations, with assessments typically updated on a periodic cycle to reflect market changes.
Parcels are subject to standard municipal and county tax levies, with no significant MUD or PID districts reported.
Property insurance premiums are influenced by the area's flood risk profile, with many properties requiring specialized coverage.
Data retrieved from data.census.gov using ZCTA 38901 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A central community park offering green space and recreational facilities.
The primary hub for local retail, dining, and cultural events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.