The story of this market
The typical home in ZIP 38733 sells for about $75,000, or $65 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 38733 — Cleveland
The housing market in 38733 remains stagnant, characterized by low sales volume and limited inventory. Economic constraints and the rural nature of the area continue to suppress price growth, with the market primarily driven by local demand rather than external investment.
This area is best suited for local agricultural workers, budget-conscious buyers seeking low entry prices, and those with established ties to the rural Mississippi Delta community.
Median prices moved down 2.5% year over year.
Homes spend a median of 120 days on market with 8.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 32.1% — 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 2.1%/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 2.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 38733, Bolivar County MS
Schools in this rural Bolivar County area are generally rated below state averages, reflecting the broader challenges of the Mississippi Delta region.
The area is located in a high-risk flood zone associated with the Mississippi River basin, necessitating mandatory flood insurance for many properties.
Economic momentum is limited, with the local economy primarily anchored by agricultural operations and public sector employment in Bolivar County.
Property taxes are assessed at the county level by Bolivar County; rates are relatively low compared to national averages, though local school district levies constitute the primary tax burden.
Residents primarily rely on personal vehicles for travel, with commute times to regional employment hubs like Cleveland, MS, typically ranging from 20 to 30 minutes.
Recreational opportunities are limited to local community parks and proximity to rural outdoor spaces; major shopping and entertainment are located in larger nearby cities.
The rental market is characterized by low turnover and limited inventory, with demand driven primarily by local agricultural workers and low-income households.
The economy is heavily dependent on the agricultural sector, specifically cotton and soybean production, alongside public education and healthcare services in Bolivar County.
Transportation infrastructure is limited to rural highway networks; there is no public transit system serving this ZIP code.
There are no major commercial or residential developments currently approved or under construction within this ZIP code.
The Bolivar County Tax Assessor manages property valuations, which are generally updated on a cyclical basis to reflect market conditions.
Parcels are subject to Bolivar County general taxes and the local school district levy; no significant MUD or PID districts are present.
Property insurance premiums are elevated due to the region's classification as a high-risk flood zone, making coverage a significant cost factor for homeowners.
Data retrieved from data.census.gov using ZCTA 38733 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides basic outdoor recreation and community space for local residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.