Quitman, MS 39355 Real Estate Market Report

ZIP Code: 39355
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

The real estate market in Quitman, MS is currently characterized by rising property prices, with the market showing an upward trend. Although specific historical sold price change data is not available, the overall market sentiment indicates a positive trajectory, as evidenced by the year-over-year price trend being classified as up. This suggests that the median sold price is likely increasing, reflecting a strengthening market despite other economic challenges in the area.

Transaction activity appears to be moderate, with the market temperature remaining neutral. Elevated inventory levels suggest that there is excess supply relative to sales activity, which may indicate a slower sales velocity. The current property tax rate stands at 0.56%, which could influence buyer sentiment and affordability in this market. Additionally, the rental market shows signs of weakness, with rents trending down, potentially impacting overall housing demand.

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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 39355 are averaging 6.56%, which is 0.5% higher than the average rates of 6.06% seen in early 2026.

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. The year-over-year price trend in Quitman, MS is up, indicating a strengthening market.

2. Current interest rates for a 30-year fixed mortgage are averaging 6.56%, which is 0.5% higher than early 2026 rates, suggesting moderate interest rate pressure on buyers.

3. The property tax rate is 0.56%, which may affect overall housing affordability in the area.

4. Rental demand appears weak, with rents trending down, indicating potential challenges for landlords.

5. The market temperature is neutral, suggesting a balanced market despite elevated inventory levels.

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Notable Properties

The following 3 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.