The 39212 zip code in Jackson tops our ranking of the most affordable places to live in Mississippi.
We looked at 97 zip codes in the state, evaluating home values, rental costs, energy rates, property taxes, and five other affordability indicators. We used the data we gathered to calculate our proprietary Affordability Score for each zip code.
Top 10 most affordable places to live in Mississippi
| Rank | City | Affordability Score | Median home value | Rental costs |
|---|---|---|---|---|
| 1 | Jackson 🥇 | 100.0 | $82,265 | $1,135 |
| 2 | Tupelo 🥈 | 94.3 | $184,778 | $1,000 |
| 3 | Greenville 🥉 | 90.8 | $42,602 | $1,569 |
| 4 | Petal | 90.7 | $209,951 | $1,300 |
| 5 | Greenwood | 90.0 | $71,322 | $1,569 |
| 6 | Vicksburg | 89.9 | $154,292 | $1,569 |
| 7 | Indianola | 89.8 | $88,054 | $1,569 |
| 8 | Clarksdale | 89.7 | $44,454 | $1,569 |
| 9 | Summit | 89.6 | $122,912 | $1,569 |
| 10 | McComb | 89.2 | $84,748 | $1,569 |
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1. Jackson
Here's why the 39212 zip code in Jackson is Mississippi's most affordable place to live.
🔎 Key data about Jackson
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 100.0 | No. 1 | N/A |
| Median home value | $82,265[1] | No. 10 | -$107,610 |
| Home affordability ratio | 1.5 | No. 6 | -1.8 |
| Home value five-year change | 15.8%[2] | No. 9 | -17% |
| Home value one-year forecast | 0.1%[3] | No. 66 | 0.8% |
| Rental costs | $1,135[4] | No. 7 | -$434 |
| Rent affordability ratio | 2.05% | No. 9 | -0.7% |
| Median household income | $55,342[5] | No. 45 | -$2,318 |
| Property taxes | $1,266[6] | No. 64 | $9 |
| Energy costs | $0.12 kWh[7] | No. 1 | -$0.01 |
Jackson's 39212 zip code is the cheapest place to live in Mississippi, leading the 97 markets we evaluated.
The median home value is $82,265, making it the 10th-cheapest housing market in the state. Forecasts project a 0.1% change in home values in the next year. Rent in the zip code averages $1,135 per month, which is the 9th cheapest amount in Mississippi.
The median property tax for homeowners in Jackson is $1,266 per household, the No. 64 ranked market in Mississippi.
Residents pay $0.12 per kWh of electricity, which ranks No. 1 among Mississippi markets.
2. Tupelo
The 38801 zip code is the 2nd-cheapest place to live in Mississippi.
🔎 Key data about Tupelo
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 94.3 | No. 2 | N/A |
| Median home value | $184,778[8] | No. 53 | -$5,097 |
| Home affordability ratio | 3.1 | No. 41 | -0.2 |
| Home value five-year change | 41%[9] | No. 81 | 8% |
| Home value one-year forecast | -0.5%[10] | No. 51 | 0.2% |
| Rental costs | $1,000[11] | No. 4 | -$569 |
| Rent affordability ratio | 1.66% | No. 1 | -1.1% |
| Median household income | $60,141[12] | No. 31 | $2,481 |
| Property taxes | $1,457[13] | No. 80 | $200 |
| Energy costs | $0.13 kWh[14] | No. 44 | $0.00 |
Tupelo's 38801 zip code has a median home value of $184,778, which is the 51st-cheapest housing market in Mississippi. You can rent for an average of $1,000 per month. That's the 4th-cheapest price in the state.
The average household income in the zip code is $60,141, which ranks 31st-highest in the state.
Homeowners in Tupelo pay a median property tax of $1,457 per year, making it the 80th-most affordable market in Mississippi.
Tupelo ranks No. 44 among Mississippi energy markets. You'll pay $0.13 per kWh of electricity.
3. Greenville
The 3rd-cheapest place to live in Mississippi is Greenville's 38703 zip code.
🔎 Key data about Greenville
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 90.8 | No. 3 | N/A |
| Median home value | $42,602[15] | No. 4 | -$147,273 |
| Home affordability ratio | 1.2 | No. 3 | -2.0 |
| Home value five-year change | 33%[16] | No. 44 | 0% |
| Home value one-year forecast | -10.4%[17] | No. 1 | -9.7% |
| Rental costs | $1,569[18] | No. 23 | $0 |
| Rent affordability ratio | 2.72% | No. 25 | 0.0% |
| Median household income | $34,186[19] | No. 90 | -$23,474 |
| Property taxes | $544[20] | No. 1 | -$713 |
| Energy costs | $0.12 kWh[21] | No. 1 | -$0.01 |
The No. 4 cheapest housing market in Mississippi is Greenville's 38703 zip code, with a median home value of $42,602. Rents in the market average $1,569 per month, making it the 23rd-most affordable rental market in the state.
The median property tax for households in Greenville is $544, which makes it the 1st-cheapest place in Mississippi. Greenville ranks No. 1 among Mississippi markets by energy costs. Residents pay $0.12 per kWh of electricity.
4. Petal
The 39465 zip code in Petal comes in at No. 4 on our list of the cheapest places to live in Mississippi.
🔎 Key data about Petal
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 90.7 | No. 4 | N/A |
| Median home value | $209,951[22] | No. 66 | $20,076 |
| Home affordability ratio | 3.1 | No. 42 | -0.2 |
| Home value five-year change | 30%[23] | No. 36 | -2% |
| Home value one-year forecast | -0.9%[24] | No. 28 | -0.2% |
| Rental costs | $1,300[25] | No. 12 | -$269 |
| Rent affordability ratio | 1.91% | No. 3 | -0.8% |
| Median household income | 67971[26] | No. 17 | $10,311 |
| Property taxes | $1,386[27] | No. 72 | $129 |
| Energy costs | $0.14 kWh[28] | No. 64 | $0.01 |
The No. 66 cheapest housing market in Mississippi is Petal's 39465 zip code, where the median home value is $209,951. Renters here pay an average of $1,300 per month.
When it comes to energy costs, Petal ranks 64th among Mississippi markets. Residents pay $0.14 per kWh of electricity.
The median property tax for households in the zip code is $1,386, which makes it the 72nd-cheapest market in Mississippi.
5. Greenwood
The 38930 zip code in Greenwood ranks No. 5 among Mississippi's most affordable places to live.
🔎 Key data about Greenwood
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 90.0 | No. 5 | N/A |
| Median home value | $71,322[29] | No. 8 | -$118,553 |
| Home affordability ratio | 2.1 | No. 10 | -1.2 |
| Home value five-year change | 12%[30] | No. 5 | -21% |
| Home value one-year forecast | -4.3%[31] | No. 7 | -3.6% |
| Rental costs | $1,569[32] | No. 23 | $0 |
| Rent affordability ratio | 2.72% | No. 25 | 0.0% |
| Median household income | $34,072[33] | No. 91 | -$23,588 |
| Property taxes | $1,209[34] | No. 56 | -$48 |
| Energy costs | $0.12 kWh[35] | No. 1 | -$0.01 |
Greenwood's 38930 zip code has a median home value of $71,322, the 8th-cheapest market in the state. Forecasts project a -4.3% change in home values in the next year.
The median property tax per household in Greenwood is $1,209. It's the 56th-cheapest market by tax rate in Mississippi.
6. Vicksburg
The No. 6 most affordable place to live in Mississippi is the 39183 zip code.
🔎 Key data about Vicksburg
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 89.9 | No. 6 | N/A |
| Median home value | $154,292[36] | No. 43 | -$35,583 |
| Home affordability ratio | 2.2 | No. 13 | -1.1 |
| Home value five-year change | 15%[37] | No. 8 | -18% |
| Home value one-year forecast | -2.3%[38] | No. 14 | -1.6% |
| Rental costs | $1,569[39] | No. 23 | $0 |
| Rent affordability ratio | 2.72% | No. 25 | 0.0% |
| Median household income | $69,955[40] | No. 14 | $12,295 |
| Property taxes | $1,184[41] | No. 52 | -$73 |
| Energy costs | $0.12 kWh[42] | No. 1 | -$0.01 |
The back half of our top 10 kicks off with Vicksburg's 39183 zip code, which has the 43rd-cheapest home values in Mississippi. The median home value is $154,292. Rents average $1,569 per month, making it the 23rd-most affordable rental market in the state.
Residents pay $0.12 per kWh of electricity. It's the 1st-cheapest energy market.
7. Indianola
Indianola's 38751 zip code is the 7th-cheapest place to live in Mississippi.
🔎 Key data about Indianola
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 89.8 | No. 7 | N/A |
| Median home value | $88,054[43] | No. 13 | -$101,821 |
| Home affordability ratio | 2.4 | No. 19 | -0.9 |
| Home value five-year change | 23%[44] | No. 21 | -9% |
| Home value one-year forecast | -5.0%[45] | No. 3 | -4.3% |
| Rental costs | $1,569[46] | No. 23 | $0 |
| Rent affordability ratio | 2.72% | No. 25 | 0.0% |
| Median household income | $37,176[47] | No. 82 | -$20,484 |
| Property taxes | $892[48] | No. 24 | -$365 |
| Energy costs | $0.12 kWh[49] | No. 1 | -$0.01 |
You'll find the 13th-cheapest home values in Mississippi in Indianola's 38751 zip code. The median value: $88,054. Renters in Indianola pay an average of $1,569 per month.
Homeowners in Indianola pay a median property tax of $892 per year, which is Mississippi's 24th-most affordable market.
The average household income is $37,176, which ranks 82nd-highest in the state.
8. Clarksdale
The 8th-cheapest place to live in Mississippi is Clarksdale's 38614 zip code.
🔎 Key data about Clarksdale
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 89.7 | No. 8 | N/A |
| Median home value | $44,454[50] | No. 5 | -$145,421 |
| Home affordability ratio | 1.2 | No. 2 | -2.1 |
| Home value five-year change | 33%[51] | No. 44 | 0% |
| Home value one-year forecast | -4.5%[52] | No. 6 | -3.8% |
| Rental costs | $1,569[53] | No. 23 | $0 |
| Rent affordability ratio | 2.72% | No. 25 | 0.0% |
| Median household income | $36,225[54] | No. 86 | -$21,435 |
| Property taxes | $1,242[55] | No. 62 | -$15 |
| Energy costs | $0.12 kWh[56] | No. 1 | -$0.01 |
The 5th-cheapest housing market in Mississippi is Clarksdale's 38614 zip code, with a median home value of $44,454. Renters pay an average of $1,569 per month, the No. 23 rental market in the state.
The median property tax for households in Clarksdale is $1,242, which makes it the 62nd-cheapest place in Mississippi. The average household income of $36,225 ranks 86th.
9. Summit
Summit's 39666 zip code sneaks into the top ten of Mississippi's most affordable places to live.
🔎 Key data about Summit
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 89.6 | No. 9 | N/A |
| Median home value | $122,912[57] | No. 24 | -$66,963 |
| Home affordability ratio | 2.5 | No. 20 | -0.8 |
| Home value five-year change | 7%[58] | No. 3 | -26% |
| Home value one-year forecast | -4%[59] | No. 8 | -3.3% |
| Rental costs | $1,569[60] | No. 23 | $0 |
| Rent affordability ratio | 2.72% | No. 25 | 0.0% |
| Median household income | $49,255[61] | No. 57 | -$8,405 |
| Property taxes | $897[62] | No. 26 | -$360 |
| Energy costs | $0.12 kWh[63] | No. 1 | -$0.01 |
The 24th-cheapest housing market in Mississippi is Summit's 39666 zip code, where the median home value is $122,912. Renters pay an average of $1,569 per month. It's the state's 23rd-cheapest rental market.
The median property tax for households within the zip code is $897, which makes it the 26th-cheapest property tax rate in Mississippi.
10. McComb
The final spot on our list of the most affordable places to live in Mississippi goes to the 39648 zip code in McComb.
🔎 Key data about McComb
| Data point | Value | Rank (out of 97 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 89.2 | No. 10 | N/A |
| Median home value | $84,748[64] | No. 12 | -$105,127 |
| Home affordability ratio | 2.2 | No. 12 | -1.1 |
| Home value five-year change | 33%[65] | No. 44 | 0% |
| Home value one-year forecast | -4.7%[66] | No. 5 | -4.0% |
| Rental costs | $1,569[67] | No. 23 | $0 |
| Rent affordability ratio | 2.72% | No. 25 | 0.0% |
| Median household income | $38,870[68] | No. 78 | -$18,790 |
| Property taxes | $1,077[69] | No. 42 | -$180 |
| Energy costs | $0.12 kWh[70] | No. 1 | -$0.01 |
The 12th-most affordable market in Mississippi is McComb's 39648 zip code. The median home value is $84,748. Rent in the market costs $1,569 per month on average, making it the 23rd-most affordable rental market in Mississippi.
The median property tax for households in McComb is $1,077, which is the 42nd-cheapest property tax rate in the state.
McComb ranks No. 1 among Mississippi markets by energy costs, with households paying $0.12 per kWh of electricity.
How we ranked the most affordable places in Mississippi
We evaluated 97 zip codes in Mississippi with a population over 10,000 on nine metrics. We then assigned each market an Affordability Score based on its weighted and combined rankings.
Our proprietary Affordability Score is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the affordability of a particular zip code. It takes into account these key data points for each zip code.
- Median home value: The median home value for each zip code comes from the Zillow Home Value Index. The lower the median home value relative to the median value in Mississippi, the higher our score on this component. We assign a weight of 23.8% to median home value.
- Home affordability ratio. The home affordability ratio is the typical median home value divided by the median household income in the zip code, which reveals the number of years of household income needed to afford a home in that zip code. A lower ratio is better because it means more households can afford a home. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 23.8% to the home affordability ratio.
- Home value five-year change: The home value five-year change is the amount that the median home value in the zip code has risen or fallen during the last five years. Our data comes from the Zillow Home Value Index. We assign a weight of 4.8% to the home value five-year change.
- Home value one-year forecast: The home value one-year forecast comes from Zillow Forecast data. It projects how much home values in the zip code are forecasted to change in the next year. We assign a weight of 4.8% to the home value one-year forecast.
- Rental costs. The rental costs are the observed rents in the zip code, sourced from the Zillow Observed Rent Index. The index includes "listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region." We assign a weight of 11.9% to rental costs.
- Median household income: The inflation-adjusted median household income figures for the zip code comes from the U.S. Census American Community Survey. We assign a weight of 4.8% to median household income.
- Rent affordability ratio. The rent affordability ratio is the ratio of rental costs divided by median household income, which provides the percentage of household income needed to pay a typical month’s rent in the zip code. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 11.9% to the rent affordability ratio.
- Property taxes: The property tax figures are the median real estate taxes paid in the zip code, sourced from the U.S. Census American Community Survey. The lower the property tax rate relative to the Mississippi average, the higher our score on this component. We assign a weight of 7.1% to property taxes.
- Energy costs: The energy costs are the costs of a kilowatt hour (kWh) of residential electricity in the zip code, sourced from the U.S. Department of Energy. The lower the cost of electricity relative to the Mississippi average, the higher our score on this component. We assign a weight of 7.1% to energy costs.
✍️ Editor’s note: Our Affordability Score identifies the most affordable places in a state by zip code. Often the zip code we identify will represent an entire city or portion of a city.
Occasionally the zip code we identify will encompass an area that includes one or more small towns. In these cases, the data we’ve gathered applies to the entire zip code, not just the single town we’re using to help identify the zip code's location.
If you’re looking to move to one of these affordable places, we recommend doing additional research to make sure the costs in the area — and the quality of life it offers — meet your specific needs.
