Quitman, MS 39355 Real Estate Market Report

ZIP Code: 39355
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Quitman, MS, are averaging 6.3%, which is higher than the sub-6% rates observed in early 2026, indicating that property owners in this market are currently facing increased borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price is not available in the provided metrics, which limits precise transaction-based valuation and suggests either a recent data reporting gap or a low number of recorded SFR/condo sales in the sample period; this absence makes representative recent sale interpretation more qualitative than quantitative.

2. price year-over-year trend is up, indicating that realized transaction values have been rising on a year-over-year basis even though the exact median sold price is not reported; combined with a neutral market temperature, this suggests modest upward price momentum without overheating.

3. market temperature is neutral, which implies balanced conditions between buyers and sellers and supports the interpretation of moderate transaction velocity rather than rapid turnover or severe supply constraints.

4. median market rent of 695 and a rent year-over-year trend of down together indicate weaker rental demand or softening rent levels; investors relying on rental income should regard near-term cashflow pressure as a risk, while owner-occupier affordability is influenced by the concurrent moderate interest rate pressure.

5. interest rate pressure is moderate, and the property rate comparison notes that Current 30-year fixed mortgage rates in Quitman, MS, are averaging 6.3%, which is higher than the sub-6% rates observed in early 2026, indicating increased borrowing costs that may temper buyer purchasing power and slow market turnover.

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Notable Properties

The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.