HousingHandbookReference data

U.S. ZIP Code · MS39232

Rankin County · Jackson, MS

Typical home value

$343,570[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.9%
5-year / yr
+4.5%
10-year / yr
+4.1%

Relative price

vs U.S.
+20.9%
vs metro
+113.6%
vs state
+126.2%
ZIP 39232 location in MS
Location of ZIP 39232 in MS

Price history

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

The typical home in 39232 is worth $343,570 — 113.6% above the Jackson, MS median. Over the past year, values have risen 0.9%. Homes here rent for a typical $1,528 a month — a 5.3% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
$1,528[2]
Gross yield
5.3%[2]
Cap rate
3.2%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$2,231[3]

#Climate risk

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

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

#Who lives here

Population
9,222[3]
Median household income
$82,931[3]

#Migration

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

Net migration
+53[5]
Moved in
3,788
Moved out
3,735

Schools

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

Public schools
4
Elementary
2
Middle
1
High
1
  • NORTHWEST RANKIN HIGH SCHOOL

    High · Grades 9–12 · RANKIN CO SCHOOL DIST

    1,894 students

  • NORTHWEST RANKIN MIDDLE SCHOOL

    Middle · Grades 6–8 · RANKIN CO SCHOOL DIST

    1,375 students

  • NORTHWEST ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · RANKIN CO SCHOOL DIST

    495 students

  • FLOWOOD ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · RANKIN CO SCHOOL DIST

    473 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 yield5.3%
Net yield (after ~40% expenses)3.2%
Annual rent$18,340

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$1,737
Loan principal$274,856
Down payment$68,714
Total interest paid$350,564

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 ratio1.45
Monthly cost to own$2,210
Monthly rent$1,528

Renting is meaningfully cheaper month-to-month.

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
76th percentile[1]
Rental yield
0th percentile[2]
Property tax
73rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 39232?
The typical home in 39232 is worth $343,570, based on the Zillow Home Value Index.
Are home values rising in 39232?
Home values in 39232 are up 0.9% over the past year, and up 4.5% a year over five years.
What is the typical rent in 39232?
A typical home in 39232 rents for about $1,528 a month, a gross rental yield of 5.3%.
What is the property tax rate in 39232?
The effective property tax rate in 39232 is 0.6% — roughly $2,231 a year on a typical home.
Who lives in 39232?
ZIP code 39232 has a population of 9,222 and a median household income of $82,931.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Flora, MS

    Typical home
    $298,383
    Gross yield
  • Flowood, MS

    Typical home
    $294,843
    Gross yield
    7.7%
  • Brandon, MS

    Typical home
    $287,101
    Gross yield
    7.2%
  • Ridgeland, MS

    Typical home
    $287,020
    Gross yield
    6.0%
  • Madison, MS

    Typical home
    $414,902
    Gross yield
    6.8%
  • Terry, MS

    Typical home
    $266,118
    Gross yield

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