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.


Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom10.50%
Two Bedrooms25.50%
Three Bedrooms49.10%
Four Bedrooms11.50%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1970
Median Value of occupied units$53,100
Median Price asked for vacant units$28,100

Rented Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1973
Median Monthly Rent asked for vacant units$209

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan2.90%
Second Mortgage7.20%
Home Equity Loan0.70%
Simple Mortgage42.60%
Debt Free46.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%