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Belmont town, MS

ZIP 38847 — 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 38847

Median Home Value
$88,500
Median Rent
$547
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$569/mo PITI).

13%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.5 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 38847 in Belmont town, MS, a household would need roughly $24,000 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 $569. That sits below the local median household income ($48,629), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
81.7%+25% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
68.2%-22% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
2.6%-95% vs US avg
x
Mortgage-Free
73.5%+92% vs US avg
x
$88,500
Home Value
$547
Rent
1985
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached69.3%
  • 1-unit attached0.0%
  • 2-9 units1.5%
  • 10+ units0.7%
  • Mobile home & other28.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$88,500
Median rent$547
Owner-occupied81.7%
Vacant7.3%
Price-to-income1.8x
Est. income to buy$24,000