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Cleveland city, MS

ZIP 38732 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38732

Median Home Value
$163,000
Median Rent
$583
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,047/mo PITI).

16%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.3 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 38732 in Cleveland city, MS, a household would need roughly $45,000 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 $1,047. That is roughly in line with the local median household income ($44,239). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
60.0%-8% vs US avg
x
Vacancy Rate
11.1%+7% vs US avg
x
Broadband Access
83.9%-4% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
26.4%-47% vs US avg
x
Mortgage-Free
49.9%+31% vs US avg
x
$163,000
Home Value
$583
Rent
1977
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached75.1%
  • 1-unit attached1.1%
  • 2-9 units14.8%
  • 10+ units6.2%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$163,000
Median rent$583
Owner-occupied60.0%
Vacant11.1%
Price-to-income3.7x
Est. income to buy$45,000