The story of this market
The typical home in ZIP 38461 sells for about $309,900, or $185 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 38461 — Hampshire
The 38461 housing market is characterized by slow price appreciation and limited inventory, reflecting its rural nature. Current data indicates a cautious environment where high management overhead and longer days on market challenge passive investors. Figures for specific metrics like active listings and price cuts are based on regional market observations as ZIP-level reporting is limited.
This ZIP is best suited for rural-lifestyle seekers and those looking for lower-density living, as it lacks the infrastructure and amenities of nearby urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 78 days on market with 8.4 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.5% · poverty 21.7% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 38461, Tennessee
Property taxes are assessed at the county level in Maury and Lewis; rates are determined by local millage formulas with standard homestead exemptions available for primary residences.
Commutes are primarily rural, requiring personal vehicle travel to reach employment centers in Columbia or Nashville.
The area features rural landscapes, local parks, and proximity to outdoor recreation in the Natchez Trace Parkway corridor.
The rental market is characterized by limited inventory and higher turnover rates compared to surrounding suburban areas.
The local economy is primarily driven by agriculture, small-scale retail, and service industries, with many residents commuting to larger regional hubs.
Parcels are subject to county-level school and general service district taxes.
Data retrieved from ZCTA-level census tables.
A scenic national parkway providing extensive hiking and cycling opportunities.
Key-figure check: median price diverges 20.7% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $374,000 (+20.7% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.