ZIP Code 38965
standardSource:
Water Valley · Yalobusha County · Mississippi
- Population
- 9,135
- Median income
- $58,258
- Median home value
- $153,100
- Bachelor's or higher
- 19.6%
- Land area
- 634.4 sq mi
14/sq mi
▼ 24% vs US
higher than 26% of US ZIPs
▼ 45% vs US
higher than 26% of US ZIPs
Median age 39.5
Chicago
ZIP code 38965 in Water Valley, Mississippi has a population of 9,135. The median household income is $58,258, which is 24% below the national average. Median home value is $153,100, 45% below the US average. 19.6% of residents hold a bachelor's degree or higher.
ZIP code 38965 is classified by USPS as a standard delivery area and covers roughly 634.4 square miles in Water Valley, Yalobusha County, Mississippi. The area is home to 9,135 residents, producing a population density of 14 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 38965 against Mississippi and the nation.
On the economic side, the median household income for ZIP 38965 sits at $58,258 (11% above the Mississippi average), while per-capita income is $29,162. The poverty rate stands at 18.9% and the unemployment rate at 2.5%. On housing, the median home value is $153,100 (14% above the state average) with median rent at $645 per month, and 72.9% of occupied units are owner-occupied, a direct signal of whether 38965 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 19.6% of adults hold a bachelor's degree or higher, the median age is 39.5, and the average commute is 28 minutes. Use the benchmarks above to see where 38965 sits relative to Mississippi and the national baseline rather than viewing the numbers in isolation. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 38965
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 38965.
- Retail trade
Retail trade
31 establishments
- Other services (except public administration)
Other services (except public administration)
16 establishments
- Accommodation and food services
Accommodation and food services
13 establishments
- Health care and social assistance 12
Health care and social assistance
12 establishments
- Construction 11
Construction
11 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 38965, Water Valley, MS · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
9,135
Population
634.4
Area (sq mi)
14
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 38965?
39.5
Median Age
49.1%
Male
50.9%
Female
0.4%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$58,258
Median Household Income
+11% vs state
$29,162
Per Capita Income
18.9%
Poverty Rate
2.5%
Unemployment Rate
28.2 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
4,118
Total Housing Units
3,403
Occupied Units
715
Vacant Units
2.57
Avg Household Size
Occupancy Type
$153,100
Median Home Value
+14% vs state
$645
Median Rent
1981
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+9.3%
YoY Change (2024)
269
HPI Index (2000 = 100)
+169%
Total Change Since 2000
Home values in ZIP 38965 have increased 9.3% over the past year (2024). Since 2000, this ZIP has seen +169% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -2.8% | 160 |
| 2021 | +9.9% | 175 |
| 2022 | +25.3% | 220 |
| 2023 | +11.9% | 246 |
| 2024 | +9.3% | 269 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 131 business establishments in ZIP 38965, employing approximately 1,384 people with a combined annual payroll of $48,130,000.
131
Businesses
1,384
Employees
$48.1M
Annual Payroll
13
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 31 | 23.7% |
| Other services (except public administration) | 16 | 12.2% |
| Accommodation and food services | 13 | 9.9% |
| Health care and social assistance | 12 | 9.2% |
| Construction | 11 | 8.4% |
| Administrative and support and waste management and remediation services | 8 | 6.1% |
| Finance and insurance | 7 | 5.3% |
| Professional, scientific, and technical services | 7 | 5.3% |
| Manufacturing | 5 | 3.8% |
| Wholesale trade | 5 | 3.8% |
| Transportation and warehousing | 5 | 3.8% |
| Utilities | 3 | 2.3% |
| Real estate and rental and leasing | 3 | 2.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
More ZIP Codes in Yalobusha County
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Frequently Asked Questions
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What are the main industries in ZIP code 38965? ▼
How have home values changed in ZIP code 38965? ▼
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ZIP Code Research Guides
Official Data Resources for Water Valley, MS
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
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