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Falkner town, MS

ZIP 38629 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38629

Median Home Value
$119,300
Median Rent
$475
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$766/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38629 in Falkner town, MS, a household would need roughly $33,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $766. That sits below the local median household income ($64,087), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.3%+34% vs US avg
x
Vacancy Rate
26.3%+155% vs US avg
x
Broadband Access
68.6%-21% vs US avg
x
4+ Bedrooms
8.6%-42% vs US avg
x
Built Pre-1939
0.6%-95% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
51.8%+36% vs US avg
x
$119,300
Home Value
$475
Rent
1988
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.6%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other32.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$119,300
Median rent$475
Owner-occupied87.3%
Vacant26.3%
Price-to-income1.9x
Est. income to buy$33,000