The story of this market
The typical home in ZIP 38847 sells for about $125,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 38847 — Golden
The housing market in 38847 remains stable with low inventory and modest price appreciation. Market activity is driven by local demand rather than speculative investment, resulting in a slow but steady pace of sales. Figures for specific metrics like active listings and days on market are estimated based on regional trends as precise ZIP-level real-time data is not publicly reported.
This ZIP is best suited for local workers, retirees, and families seeking affordable, rural living with a slower pace of life and lower cost of housing.
Median prices moved up 2.1% year over year.
Homes spend a median of 85 days on market with 6.2 months of supply — a balanced-paced market.
15% 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 6.8% · poverty 22.1% — 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 4.4%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 38847, Itawamba County MS
Not determinable at the ZIP level; regional crime rates in Itawamba County are generally low compared to national averages.
Schools serving the Belmont area are part of the Itawamba County School District, which maintains a rural, community-focused educational environment.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near creeks.
Economic momentum is modest, driven primarily by local agriculture, manufacturing, and small-scale retail services in the Belmont and Fulton corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Mississippi) — Ad Valorem Property Tax: Formula: (True Value × Assessment Ratio) × Millage Rate = Taxes. Class I (single-family owner-occupied) is assessed at a 10% ratio. Homestead exemptions for homeowners over 65 or disabled provide an exemption on the first $7,500 of assessed value.
Commuting is primarily car-dependent, with residents traveling via MS-25 and MS-366 toward employment hubs in Fulton or Tupelo.
Local recreation includes access to rural outdoor spaces, community parks in Belmont, and proximity to the Natchez Trace Parkway for hiking and cycling.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local workforce needs.
The economy is anchored by manufacturing, agriculture, and public sector employment within Itawamba County.
Transportation is entirely road-based, relying on state highways for regional connectivity; no public transit infrastructure exists.
Development is limited to small-scale residential infill and minor commercial improvements.
Itawamba County Tax Assessor manages property valuations based on state-mandated assessment ratios.
Parcels are subject to Itawamba County School District taxes and local fire protection district assessments.
Property insurance premiums are influenced by regional wind and hail risk, typical for Northern Mississippi.
Data retrieved from US Census Bureau ACS 2024 5-year estimates for ZCTA 38847.
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. Source: NCES EDGE public school locations 2023-24.
A historic scenic trail offering extensive hiking, cycling, and nature viewing opportunities nearby.
Local community space providing playgrounds and picnic areas for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.