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Caledonia town, MS

ZIP 39740 — 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 39740

Median Home Value
$154,500
Median Rent
$572
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$992/mo PITI).

8%
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.

22.5 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 39740 in Caledonia town, MS, a household would need roughly $43,000 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 $992. That sits below the local median household income ($85,741), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.7%+20% vs US avg
x
Vacancy Rate
12.1%+18% vs US avg
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
2.0%-84% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
13.0%-74% vs US avg
x
Mortgage-Free
41.0%+7% vs US avg
x
$154,500
Home Value
$572
Rent
1987
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached69.8%
  • 1-unit attached0.8%
  • 2-9 units1.4%
  • 10+ units0.2%
  • Mobile home & other27.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,500
Median rent$572
Owner-occupied78.7%
Vacant12.1%
Price-to-income1.8x
Est. income to buy$43,000