Housing in Water Valley, MS
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$172,126
Water Valley vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Water Valley is highlighted.
Median Home Value
26th%ilemost expensive$111,000show rank
Median Rent
7th%ilemost expensive rent$592show rank
Rent Burden
24th%ilehighest rent burden15.1%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$111,000
Median Rent
$592
Total Housing Units
1,543
Vacancy Rate
20.3%
Owner Occupied
55.6%
Renter Occupied
44.4%
Median Property Tax
$911
per year
Monthly Cost (w/ Mortgage)
$747
Housing Types
Single Family75.0%
Multi-Family15.9%
Mobile Home9.1%
The median home value in Water Valley, MS is $111,000. According to Zillow, the home value index for Water Valley is $172,126. The median rent is $592 per month (Census ACS). About 55.6% of housing units are owner-occupied. The median year homes were built is 1973. There are 1,543 total housing units.