HousingHandbookReference data

U.S. ZIP Code · MS38801

Lee County

Typical home value

$200,544[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.2%
5-year / yr
+6.4%
10-year / yr
+5.4%

Relative price

vs U.S.
-29.4%
vs metro
vs state
+32.0%
ZIP 38801 location in MS
Location of ZIP 38801 in MS

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 38801 is worth $200,544. Over the past year, values have risen 5.2%. Homes here rent for a typical $1,303 a month — a 7.8% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,303[2]
Gross yield
7.8%[2]
Cap rate
4.7%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.8%[3]
Typical annual tax
$1,505[3]

#Climate risk

FEMA National Risk Index ratings for Lee County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Relatively Low
Tornado
Relatively Moderate
Earthquake
Relatively Moderate
Winter weather
Relatively Low

#Who lives here

Population
29,858[3]
Median household income
$62,946[3]

#Migration

Household moves in and out of Lee County over a year, from IRS tax-return data.

Net migration
+7[5]
Moved in
2,078
Moved out
2,071

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
10
Elementary
5
Middle
1
High
3
  • TUPELO HIGH SCHOOL

    High · Grades 9–12 · TUPELO PUBLIC SCHOOL DIST

    2,101 students

  • TUPELO MIDDLE SCHOOL

    Middle · Grades 7–8 · TUPELO PUBLIC SCHOOL DIST

    1,062 students

  • PARKWAY ELEMENTARY SCHOOL

    Elementary · Grades K–2 · TUPELO PUBLIC SCHOOL DIST

    428 students

  • THOMAS STREET ELEMENTARY SCHOOL

    Elementary · Grades K–2 · TUPELO PUBLIC SCHOOL DIST

    376 students

  • LAWNDALE ELEMENTARY SCHOOL

    Elementary · Grades 3–5 · TUPELO PUBLIC SCHOOL DIST

    369 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.8%
Net yield (after ~40% expenses)4.7%
Annual rent$15,637

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,014
Loan principal$160,435
Down payment$40,109
Total interest paid$204,626

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.00
Monthly cost to own$1,307
Monthly rent$1,303

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 38801?
The typical home in 38801 is worth $200,544, based on the Zillow Home Value Index.
Are home values rising in 38801?
Home values in 38801 are up 5.2% over the past year, and up 6.4% a year over five years.
What is the typical rent in 38801?
A typical home in 38801 rents for about $1,303 a month, a gross rental yield of 7.8%.
What is the property tax rate in 38801?
The effective property tax rate in 38801 is 0.8% — roughly $1,505 a year on a typical home.
Who lives in 38801?
ZIP code 38801 has a population of 29,858 and a median household income of $62,946.

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