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Shannon town, MS

ZIP 38868 — 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 38868

Median Home Value
$138,600
Median Rent
$604
Affordability Snapshot
$38,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$890/mo PITI).

14%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.1 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 38868 in Shannon town, MS, a household would need roughly $38,000 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 $890. That sits below the local median household income ($52,985), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.2%+15% vs US avg
x
Vacancy Rate
15.6%+52% vs US avg
x
Broadband Access
74.7%-14% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
25.4%-49% vs US avg
x
Mortgage-Free
56.8%+49% vs US avg
x
$138,600
Home Value
$604
Rent
1988
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached62.9%
  • 1-unit attached0.1%
  • 2-9 units1.9%
  • 10+ units3.2%
  • Mobile home & other32.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$138,600
Median rent$604
Owner-occupied75.2%
Vacant15.6%
Price-to-income2.6x
Est. income to buy$38,000