Rent in Water Valley, MS
A 2-bedroom in Water Valley, MS (ZIP 38965) typically rents for about $671 a month, with a range of $671–$905. Owner-occupied homes in Yalobusha County pay about 0.66% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $761 | $761 | 1 |
| 1 bed | $341 | $341–$769 | 1 |
| 2 beds | $671 | $671–$905 | 1 |
| 3 beds | $896 | $896–$1,185 | 1 |
| 4 beds | $1,189 | $1,189 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Water Valley ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Water Valley, MS?
- About $671 a month: the median of the typical rents in 1 ZIP code, which range from $671–$905. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Water Valley, MS?
- About $341 a month: the median of the typical rents in 1 ZIP code, which range from $341–$769. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Water Valley, MS?
- About $896 a month: the median of the typical rents in 1 ZIP code, which range from $896–$1,185. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Water Valley, MS?
- About $761 a month: the median of the typical rents in 1 ZIP code, which range from $761. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Water Valley, MS?
- About $1,189 a month: the median of the typical rents in 1 ZIP code, which range from $1,189. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Water Valley, MS?
- Owner-occupied homes in Yalobusha County pay a typical 0.66% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Water Valley rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).