Rent To Own Homes in Water Valley, MS

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5 View this home at Central St Water Valley MS 38965
$141,865 EMV

3 Bed | 2 Bath | 2,296 Sq. Ft.

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Home Value Estimator For Water Valley, MS

There are currently 2,863 real estate properties in Water Valley, MS, with a median automated valuation model (AVM) price of $117,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Water Valley, MS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Water Valley, MS, is $149,256.00, with the most expensive house in Water Valley, MS, topping out at $1,339,000.00 and the cheapest home in Water Valley, MS, clocking in at $13,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Water Valley, MS!

Rent Prices In Water Valley, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Water Valley, MS, is on a rollercoaster ride. The average rent price in Water Valley, MS, is $1,061.00. Indeed, when looking to rent in Water Valley, MS, you can expect to pay as little as $550.00 or as much as $2,200.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Water Valley, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Water Valley, MS

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Water Valley, MS area at Get information on foreclosure homes for rent, how to buy foreclosures in Water Valley, MS and much more. Save thousands at closing with home foreclosure listings in Water Valley, MS — up to 75% off market value!

Top Reasons To Live In Water Valley, MS In 2023

Water Valley is located in Yalobusha, Mississippi, with an estimated municipal population of 3,255 residents. All of the best foreclosed homes for sale in Water Valley are located in the following zip code areas on 38965. The estimated population per square kilometer (.62 miles) in Water Valley is 179.

Cost Of Living In Water Valley, MS

So, about how much do homes cost in Water Valley? The most recent median value of resident-owned homes in Water Valley is 97,353. An estimated 59.6 percent of households in Water Valley own their homes, with an average family size of 3.06. The median household income in Water Valley is 40,769, with8.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Water Valley, the median commute time of resident workers (in minutes) is 19.5. And last, but certainly not least, are you looking for homes to rent in Water Valley? If so, the average rent price paid by renters in Water Valley is 516, according to recent statistics.

Diversity And Demographics In Water Valley, Mississippi

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Water Valley, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Water Valley is 38.8, split between 48.1 percent male versus 51.9 female. The percentage of residents who report being married in Water Valley is 37.8, with an average family size of 3.06.

The percentage of residents who report their race in Water Valley is as follows:

White 46.6%
Black / African American 52.5%
Asian 0%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.7%
Other 0%

Looking for family-friendly neighborhoods in and/or near Water Valley? Or maybe you are searching for 55+ active adult communities in and/or near Water Valley?

The percentage of residents who report their age in Water Valley is as follows:

Under 10 15.2%
Aged 10-19 9.3%
20s 16.7%
30s 11.4%
40s 11.4%
50s 6.7%
60s 13.5%
70s 10%
80+ 5.8%

Best Schools In Water Valley, Mississippi

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Water Valley with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Water Valley.

Pros And Cons Of Living In Water Valley, Mississippi

How do you know that living in -- or moving to -- Water Valley is right where you need to be? Perhaps you grew up in Water Valley or already live nearby; therefore, the decision to buy a home in Water Valley is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Water Valley for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Water Valley:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Water Valley.

Reasons To Move To Water Valley, Mississippi, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Water Valley can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Water Valley, meanwhile, can field multiple offers from more qualified buyers.

Water Valley, MS Rent To Own Homes


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