HousingHandbookReference data

U.S. ZIP Code · MS38821

Monroe County

Typical home value

$164,902[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.3%
5-year / yr
+5.5%
10-year / yr
+3.9%

Relative price

vs U.S.
-41.9%
vs metro
vs state
+8.6%
ZIP 38821 location in MS
Location of ZIP 38821 in MS

Price history

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

The typical home in 38821 is worth $164,902. Over the past year, values have risen 3.3%. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.5%[3]
Typical annual tax
$866[3]

#Climate risk

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

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

#Who lives here

Population
12,546[3]
Median household income
$58,834[3]

#Migration

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

Net migration
-3[5]
Moved in
643
Moved out
646

Schools

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

Public schools
7
Elementary
2
Middle
1
High
3
  • HATLEY HIGH SCHOOL

    Other · Grades PK–12 · MONROE CO SCHOOL DIST

    951 students

  • AMORY HIGH SCHOOL

    High · Grades 9–12 · AMORY SCHOOL DIST

    439 students

  • WEST AMORY SCHOOL

    Elementary · Grades PK–2 · AMORY SCHOOL DIST

    355 students

  • EAST AMORY SCHOOL

    Elementary · Grades 3–5 · AMORY SCHOOL DIST

    346 students

  • AMORY MIDDLE SCHOOL

    Middle · Grades 6–8 · AMORY SCHOOL DIST

    342 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 yield
Net yield (after ~40% expenses)
Annual rent

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$834
Loan principal$131,921
Down payment$32,980
Total interest paid$168,258

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 ratio
Monthly cost to own$1,044
Monthly rent

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]

Frequently asked

How much is a home worth in ZIP code 38821?
The typical home in 38821 is worth $164,902, based on the Zillow Home Value Index.
Are home values rising in 38821?
Home values in 38821 are up 3.3% over the past year, and up 5.5% a year over five years.
What is the property tax rate in 38821?
The effective property tax rate in 38821 is 0.5% — roughly $866 a year on a typical home.
Who lives in 38821?
ZIP code 38821 has a population of 12,546 and a median household income of $58,834.

Compare ZIPs

Pit ZIP 38821 against any other ZIP — full side-by-side table.

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