Water Valley, MS Real Estate
According to census data in the year 2000 there were 1,672 housing units in Water Valley.
This represents a 5% growth from 1,592 in 1990.
Of those housing units, 1,206 were located in either urbanized areas or urban clusters, and 466 were located in what is classified as a rural area.
Homeownership rate in Water Valley is about 65.4%.
Water Valley's vacancy rate, including seasonal lodging, is about 12.2%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Water Valley were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 10.50% |
| Two Bedrooms | 25.50% |
| Three Bedrooms | 49.10% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $53,100 |
| Median Price asked for vacant units | $28,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $209 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 2.90% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 0.70% |
| Simple Mortgage | 42.60% |
| Debt Free | 46.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
